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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 January 2013, according to the Bank of Greece's (BoG) monthly financial statement. The headline figure landed at 50.66 billion at the end of May, which is the lowest reading since January 2010
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Adverse weather pushes Jan manufacturing PMI to lowest level for 16 months
EconomyMacroeconomyGreece’s Manufacturing PMI fell by 2.7 points in January after improving by 1 point in the previous month, the Markit survey displayed on Wednesday. The PMI landed at 46.6, which is the lowest reading since September 2015 and stands well below the long-run average of 49.4. The downturn is mostly
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Stable deposit rate in Jan, slight uptick in loan rate
EconomyMacroeconomyThe new time deposit rate for Greek households fell by 1 basis point (bp) for the second straight month and landed at 0.69 percent in January, Bank of Greece (BoG) figures showed on Friday. The January rate is the lowest since 2002, when Greece entered the eurozone. The rate has dropped by 112 bps
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Budget primary balance at 498 mln in Jan as net revenues fall short of target
EconomyMacroeconomy. Revenues from taxes landed at 4.06 billion euros, above target by a slight 7 million euros. Transfers
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Jan budget execution impacted by unplanned pandemic spending and snowstorm
EconomyMacroeconomy. Overall, the PIB balance landed at a deficit of 664 million euros.
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Jan budget deficit confirmed at 15 mln, revenues 610 mln short and spending underexecuted
EconomyMacroeconomyexpenditure came to 731 million euros, above target by 261 million euros. Overall, the PIB balance landed
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Inflation and economic bounce boost tax revenues as Jan-Apr budget primary balance beats target by 1.65 bln
EconomyMacroeconomyeuros. Overall, the PIB balance landed at a deficit of 1.72 billion euros. RRF intakes up to April were
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Jan-May primary budget deficit contained at 1.49 bln on back of property tax, VAT intakes
EconomyMacroeconomylanded at a deficit of roughly 2 billion euros. Up to May, RRF intakes were 1.72 billion euros and have
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Budget starts year where it left off in 2022, beating target by 618 mln in Jan
EconomyMacroeconomyby 13 million. Overall, the PIB balance landed at a deficit of 37 million euros. Greece has also
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Budget beats target in Jan, boosted by 49 pct YoY jump in taxes on goods and services
EconomyMacroeconomyto 638 million euros, above target by 13 million. Overall, the PIB balance landed at a deficit of 37
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