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Greek banks' Eurosystem funding at lowest since Jan 2010; ELA also wiped out
EconomyMacroeconomyGreek banks’ Eurosystem funding fell by 11.3 billion euros in May, the highest monthly drop since... from 3.12 billion in April. The sharp drop in May had been communicated in Greek banks’ Q1 results... in late 2008. The initial amount of state guarantees stood up to 23 billion and that threshold was later
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Greek primary budget surplus at 707 mln as revenues beat target in May
Economytrend in May increasing by 6.9 percent (from -1.4 percent in April), which led the 5-month figure up... the 5-month figure up 9.3 percent to 3.72 billion, outperforming target by 4 percent. In contrast... percent to 5.56 billion, in line with the target. Consumption taxes showed a higher drop at -9.5 percent
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Car registrations surge by 46.3 pct in June thanks to tourism, consumer confidence
EconomyMacroeconomy. There was a 6.4 percent drop in the first half of 2013. The 12-month trailing index shows a slower growth at 19... and a material acceleration in the second half of that period. The bulk of new licences (making up more than... percent in each of the preceding three years. The cumulative drop of car registrations stood at 78
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Industrial turnover rebounds by 10.5 pct in June after three months of decline
EconomyMacroeconomy12 months, the average index showed a drop of 4.2 percent. The increase in June reflects a rise... by 37.4 percent. Note that the latter makes up just a fraction of the total index with a minimal... by 3.3 percent. The former primarily stems from a rise in the turnover for the non-eurozone countries (up
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Greek primary cash surplus widens to 3.2 bln in 7-month
EconomyMacroeconomymonths. The highest portion was made up by state budget, which turned to a primary surplus of 2.09... a significant drop YoY. In particular, the former stood at 760 million, down 41.4 percent and the latter reached... was eliminated to just 5 million in the 7-month period. The significant drop in July arrears is largely
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Value of HFSF participation in Greek banks falls to 17 billion
EconomyBankingof 859 million was recorded due to the drop in the valuation of bank warrants. The highest negative... billion euros from 25.1 billion at the end of March, which is attributed to a 17 percent drop... by the period loss. HFSF equity corresponds to the potential recovery value of the original paid up
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Greek time deposit rates fall further in August
EconomyMacroeconomywith a fixed maturity for amounts up to 250,000 euros recorded the highest increase by 23 bps to 6.35 percent... of lower deposit and loan rates led the average spread up for the second straight month, by 5 bps... bps since the end of 2013. In the outstanding (‘old’) deposits and loans, the drop in the respective
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European Commission says 2014 is a turning point for Greece as growth resumes
Economy. The drop in unemployment in the next two years is attributed to pick-up in investment, continuation... its GDP headline projections, its estimates on GDP components now show a slower drop in private...), while investors’ confidence could pick up mainly due to successful processing of non-performing
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Newsletter 11 - 16/01/2015
to elect MPs, the threshold for a parliamentary majority could drop towards 35 percent, which... falls short of target A big drop in revenues in December led to Greece’s primary surplus narrowing... in any follow-up programme that the Greek authorities are set to negotiate with their European
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Newsletter 13 - 30/01/2015
negotiations continue over a new programme in the run-up to the summer. A new agreement will likely have... by election day, while a Bloomberg report on the same day suggested a higher figure of up to 11... and investors. Big drop in deposits There was a big drop in private sector deposits in December. They fell
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