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  1. General gov't primary cash surplus rises to 3.4 bln in Oct but arrears also growing

    EconomyMacroeconomy

    in the 10-month period of 2014, 2.4 times higher than the 1.43 billion posted last year, according the gg bulletin... in the corresponding period last year. All key gg entities continued posting a primary cash surplus... year the state budget recorded a primary deficit of 2.4 billion. The primary surplus of extrabudgetary

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  2. Rise in Greek car sales slows to 7.5 pct in November

    EconomyMacroeconomy

    the other monthly readings this year pointed to a significant rise, reaching up to 48.7 percent... percent in the corresponding month last year. In absolute terms, the number of road motor cars reached... to 93,492 from 73,393 last year. In addition, the average trailing index over the last twelve months

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  3. Greece: Where did it all go wrong?
    Photo by MacroPolis

    Agora

    When Greece returned to international bond markets in April this year after a four-year exile... investors snapped up three billion euros of five-year bonds with a coupon of 4.75 percent. Exactly seven... been achieved a year ahead of schedule. Athens was told to wait until April, when the European

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  4. Greek current account balance turns negative in October after four month of surpluses
    Photo by MacroPolis

    EconomyMacroeconomy

    ). However, this year’s figure is 37 percent smaller than the 316 million euros recorded in October 2013. The narrowing of the C/A deficit by 118 million euros year on year (YoY) is mainly attributed.../A surplus advanced by 70.4 percent YoY to 3.55 billion from 2.09 billion last year. The significant

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  5. Sharp monthly rise in unpaid taxes to 1.59 bln for November
    Photo by MacroPolis

    EconomyMacroeconomy

    remain the most crucial factor in fiscal consolidation this year. Following November figure, the year... percent increase on last year’s item of 8.26 billion. GSIS figures show that legacy debt (created... in the first half of 2014 and 2 billion for the whole year. Although the first target was actually

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  6. Greek deposits almost unchanged at 164.3 bln in November

    EconomyMacroeconomy

    to the Bank of Greece (BoG). The year on year (YoY) growth rate decelerated to 2 percent in October... posted the second highest figure this year. Following November outflows, the year to date flow... funding by more than 28 billion euros in the year to date. This development followed the capital

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  7. Greek CPI dives 2.6 pct in December as deflation deepens to 1.3 pct in 2014

    EconomyMacroeconomy

    in December falling by 2.5 percent year on year (YoY) and 0.5 percent MoM. Ten out of the 12 main groups of goods and services recorded a year on year (YoY) drop in prices in December with the most... percent in 2014, indicating the second successive deflationary year. The actual figure for 2014

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  8. Third of Greek households trapped in debt and poverty, study suggests
    Photo by Harry van Versendaal

    Society

    in 2014, the Small Enterprises Institute (IME) found additional burdens imposed during the year... than 10,000 euros a year, against 28.1 percent in the previous year. The data found...) households were on an annual income in the next bracket of under 18,000 euros a year. Overall

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  9. Greek primary budget surplus halved in Jan as revenues miss target

    Economy

    835 million last year, according to the Finance Ministry (MoF) preliminary budget bulletin published... balance, which showed a surplus of 367 million, down 40.7 percent from last year’s figure and 919... to a deficit of 276 million last year, which is slightly better than the target. The significant

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  10. Reported widening of revenue shortfall in Feb as liquidity worries persist

    Economy

    in the domestic economy in the first two months of the year. Revenues from consumption taxes fell 3 percent... understanding is that this year’s dividend is certainly lower by 177 million, but not at the extent... (ENFIA) revenues, are higher from last year but lower than target. In January VAT revenues reached 1.33

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