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Progress rather than breakthrough the target at Eurogroup
PoliticsGreek Politicsmeasures will kick in from 2018 onwards and that they may not be detailed before the German elections in September, it wants a binding commitment now so that the European Central Bank is satisfied... that such a document exists or any suggestion that it may steer the discussion in a certain direction
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Return to bond markets to buoy coalition, may leave SYRIZA floundering
PoliticsGreek Politicsthe coalition's case heading into local and European Parliament elections in May. Since being... campaigning tool for May's polls. However, they will now pivot to the return to bond markets, outlining... ahead of the European elections on May 25, when New Democracy will be hoping to hold off SYRIZA's
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Greek economic sentiment for May at highest point since August 2008
EconomyMacroeconomyGreece’s economic sentiment improved by 3.7 points to 99.1 in May, after falling by 2.1 points... points so far. The May figure is the highest reading since August 2008, when it stood at 101.4 points... for the third straight month, rising by 2.5 points in May to -52.5 following a 4.7-point increase
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Greek trade deficit up by 21.9 pct in May as exports sink further
EconomyMacroeconomyThe rate of increase in Greece’s trade deficit accelerated to 21.9 percent in May from 17.2 percent in April, according to the Hellenic Statistical Authority (ELSTAT). May’s figure indicates.... After dropping 7.5 percent in April, imports resumed an upward trend rising by 2.8 percent in May
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Improving car sales in Greece continue with 27.9 pct rise in May
EconomyMacroeconomystrong growth of 27.9 percent in May after surging by 47.2 percent in April, according to the Hellenic Statistical Authority (ELSTAT). Despite the slowdown, the May rate is the fourth successive reading... figures showed the number of road motor cars stood at 13,000 in May, which is the highest reading
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Greek deposit rate almost stable, loan rate slightly up in May
EconomyMacroeconomymonth by 1 basis point (bp) to 1.81 percent in May from 1.82 percent in April, according... in May. On corporate lending, there were two marked movements: 1) A drop by 30 bps in loans for amounts.... Following the rate changes in May, Greek corporate lending rates remain 250-350 bps higher than
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Sharp drop of 4.2 pct in Greek industrial turnover in May
EconomyMacroeconomyThe drop in Greece’s Turnover Index in Industry accelerated to 4.2 percent in May from a revised 0.8 percent decline in April, according to the Hellenic Statistical Authority (ELSTAT). The May... smoothed the 12-month trailing rate. The decrease by 4.2 percent in May reflects a drop in manufacturing
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Building activity up again in May but with smaller rise of 1.9 pct
EconomyMacroeconomyGreek building permits grew for the fourth successive month in May, albeit by a modest 1.9 percent from 6.2 percent in April, according to the Hellenic Statistical Authority (ELSTAT). The May growth.... The other components of building activity showed mixed trends in May with surface easing by 2.7 percent
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Car sales surge for second straight month, rising by 33 pct in May
EconomyMacroeconomyin May following a strong rise of 24.5 percent in April, according to Hellenic Statistical Authority (ELSTAT) data published on Wednesday. The absolute figure reached 17,290 in May, which is the highest... to the extension until the end of May of the deadline for the benefit from old car withdrawal
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Minor changes in Greek deposit and lending interest rates in May
EconomyMacroeconomyGreek households’ new time deposit rate slightly eased for the fifth straight month in May, when...) data displayed on Tuesday. The headline figure for May represents a new low since Greece entered.... The interest rate for loans to sole proprietors declined by 4 bps to 7.35 percent in May after
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