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  1. C/A surplus of 0.7 pct of GDP in 2013 is Greece's first for decades
    Photo by Harry van Versendaal

    EconomyMacroeconomy

    of GDP), according to the Bank of Greece (BoG). The C/A deficit in December more than halved to 215... more than offset a rise in the trade deficit by 339 million. The 5.9-billion-euro improvement

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  2. Where Greek banks stand ahead of capital needs disclosure
    Photo by Harry van Versendaal

    Economy

    in their business plans until 2017. The capital needs will reportedly be based on the baseline (rather than.... The lender believes the proceeds will more than cover its potential capital needs. Nevertheless, the recent

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  3. What lies at the heart of differences over Greek banks' capital needs?
    Photo by MacroPolis

    Economy

    larger than the one the BoG has reportedly arrived at. In addition, the newspaper states that senior... estimates are most likely based on the adverse rather than the baseline scenario for the domestic economy

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  4. Another party arrives on Greece's increasingly diffuse political scene
    Photo by MacroPolis

    PoliticsGreek Politics

    Journalist and TV presenter Stavros Theodorakis officially launched a new party on Tuesday. Rather than for its content, his muddled presentation was more notable because it heralded the arrival... leave no party with a clear majority, requiring several political fault lines - some much greater than

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  5. Unemployment closes 2013 with new high of 27.5 pct in last quarter

    EconomyMacroeconomy

    stable at 23.3 percent. In contrast, the ‘long-term’ (more than 1 year) unemployment further rose... than one percentage point to 26 percent in 2014 and further to 24 percent in 2015 and 21 percent

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  6. Building activity nosedived for the fourth straight year, down 27.6 pct in 2013
    Photo by Harry van Versendaal

    EconomyMacroeconomy

    , the housing non-performing loans ratio has jumped to 25.8 percent at the end of September 2013 more than 3.5 times higher than the figure (7.4 percent) at the end of 2009, according to the latest official data

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  7. Greek deposits down 0.3 pct in Feb, credit contraction stable

    EconomyMacroeconomy

    more than counterbalancing the coincidental inflows of 2.35 billion recorded in December. The monthly negative flow reflects savings and sight outflows of 323 and 269 million respectively more than

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  8. Greek recession slowed from revised 7 pct in 2012 to 3.9 pct last year

    EconomyMacroeconomy

    Greek non-seasonally-adjusted GDP contracted 2.3 percent in the fourth quarter of 2013, which was 0.3 percentage points better than the flash estimate released a month ago indicating a 2.6 percent... worse than the 3.7 percent indicated in flash estimates. GDP contraction in 2012 was also revised

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  9. Primary surplus at 2.1 bln in Feb, ahead of budget execution target
    Photo by MacroPolis

    EconomyMacroeconomy

    Greece’s budget execution showed a primary surplus of 2.1 billion euros to February, more than five times higher than the 487 million posted in the corresponding period last year, according to the preliminary data released by the Ministry of Finance (MoF) on Tuesday. The state budget balance

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  10. Better income account helps squeeze Greek C/A deficit in January

    EconomyMacroeconomy

    primarily reflects an improvement in the income account by 149 million more than offsetting a widening.... In contrast, the non-oil trade deficit narrowed on higher reduction in the import bill than the drop

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