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Multiple crises fence in Greece
Agoramatter much. One banner summed up the mood perfectly: “Our patience has run out.” This is the result... instead. It is not only pensions that would feel the impact as retirement pay in Greece makes up... drop and are not interested in arguments about lack of resources and preparation. The result
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Budget primary surplus surges to 3.04 billion, extending outperformance
EconomyMacroeconomyyear on year (YoY) improvement largely reflects surging Public Investment Budget (PIB) revenues up... the January figure. For the 2-month period, revenues reached 8.64 billion, up 9.3 percent YoY and 291... increased by 3.6 percent in February, yet the 2-month figure of 6.22 billion points to a drop
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Declining flow of refugees gives struggling government some hope
PoliticsForeign Policywith Turkey may be leading to a drop in the number of refugees crossing to Greece, thereby easing.... Authorities have stepped up efforts to move people away from the camp at Idomeni, on Greece’s northern... of a rising number of Syrians setting up businesses in Turkey, with figures indicating that Syrians were
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General government primary cash surplus triples to 3 bln by February, arrears climb to 6.1 bln
EconomyMacroeconomyyear to date. Arrears owed by social security funds reached 2.93 billion in February and make up almost... by the end of the year. Debt The stock of central government gross debt edged up by 220 million..., by 792 million to 98.63 billion in February. The monthly change reflects a drop in bank support
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Underspend and improving revenues lead to budget primary surplus of 2.67 bln in Q1
EconomyMacroeconomy(before tax refunds) by around 500 million euros, a drop in expenditure by almost 280 million... (by 363 million). These two factors more than made up for the lower-than-expected PIB balance..., with the 3-month surplus at 974 million up 7.4 percent from last year and 366 short of target.
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Eurosystem funding falls below 100-bln mark for first time since Jan 2015
EconomyMacroeconomy. At the same time, the Emergency Liquidity Assistance (ELA) edged up by 693 million euros to 66.89... with the drop evident in the withdrawn liquidity. Following the April evolution, the Eurosystem funding mix slightly changed with ECB funding now making up 32.8 percent of total from 34.8 percent in March
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General gov't figures shed more light on course of spending, revenues during crisis
EconomyMacroeconomyedged up by 664 million to 83.56 billion in 2015 after a series of consecutive declines in the preceding... expenditure up by 186 million to 90.26 billion. It is worth highlighting that the 2015 primary surplus... deficit also incorporates a remarkable drop in the interest payments, with the 2015 figure of 6.7
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Marginal net losses of 2 mln for Alpha in Q1
EconomyBankingexpenses. In contrast, core revenues fell 2.3 percent QoQ reflecting a drop in net interest income... classified as non-performing exposures (NPEs). As a result, the NPL ratio edged up to 37.4 percent... million QoQ to 31 billion. As a result, the loan to deposit ratio edged up to 148 percent in Q1 from
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Budget primary surplus confirmed at 2.5 bln in H1 2016, tax revenues soar in June
EconomyMacroeconomya primary surplus of 185 million euros, which is less than compared to last year, on sharp drop in Public... tax revenues soared 38.8 percent to 3.6 billion euros in June with the 6-month figure up 11 percent... spot on target. Overall, total expenditure edged up 2.7 percent to 22.69 billion in the first half
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Economic sentiment improves to its highest level of 90.7 pts for 2016, consumer confidence falls by 1.2 pts
EconomyMacroeconomy, the European Commission (EC) figures showed on Thursday. As a result, the ESI edged up to 90.9 in July.... Following the sharp drop that started at the end of 2014 and bottomed in August last year, the most improved indicator over this 12-month period is retail trade confidence (up by 39.2 points
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