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Deposits up again in December but credit contraction continues apace
EconomyMacroeconomydeductions of 139 and 110 million respectively more than offsetting additions of 76 million in the sole... official data. This corresponds to a total stock of 66 billion loans that are past due for more than 90
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Preparations for local elections expose SYRIZA weakness
PoliticsGreek Politicspolitics, which tend to be community- rather than nation-driven. On Friday, New Democracy MP Yiannis... of Thessalonik rather than the governorhsip. This week’s events underline how much more complicated Greek
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Budget execution shows surplus of 811 mln at start of 2014
EconomyMacroeconomyand net revenues which more than offset lower expenditure. Revenues excluding tax refunds rose 6.1... in January to 2.95 billion euros, 405 million better than the target. Interest payments eased 9.2
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Building activity up by 36.2 pct in Nov as rebound continues
EconomyMacroeconomydrop of 27.4 percent in permits. The bulk of total building activity (more than 90 percent) is related.... At the same time, the housing non-performing loan ratio has more than tripled to 24 percent at the end of June
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Greek deflation slows to 1.5 pct in January
EconomyMacroeconomy. The headline figure for 2013 was negative at -0.9 percent for the first time after more than 45... demand stemming from the ongoing impact of the austerity measures rather than a rationalisation
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Spain’s economic recovery languishes amid graft scandals
Agorathe 0.5 percent rate calculated by the European Commission but lower than the 1 percent estimated.... According to the European Commission’s economic forecasts, Spain’s deficit won’t be lower than 6 percent
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C/A surplus of 0.7 pct of GDP in 2013 is Greece's first for decades
EconomyMacroeconomyof 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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Where Greek banks stand ahead of capital needs disclosure
Economyin 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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What lies at the heart of differences over Greek banks' capital needs?
Economylarger 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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Greek primary budget surplus doubles to 835 mln in Jan but below target
EconomyBudget (PIB) expenditure and tax refunds which more than offset lower expenditure. Revenues excluding... better than the target. The sharp drop mainly reflects a drop in grants to social security sector
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