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Greek banks' Eurosystem funding at lowest since Jan 2010; ELA also wiped out
EconomyMacroeconomyGreek banks’ Eurosystem funding fell by 11.3 billion euros in May, the highest monthly drop since January 2013, according to the Bank of Greece's (BoG) monthly financial statement. The headline figure landed at 50.66 billion at the end of May, which is ...
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General gov't primary cash surplus for Jan-May reaches 1.22 bln as arrears drop
EconomyMacroeconomyThe Greek general government (gg) primary cash surplus amounted to 1.22 billion euros in the 5-month period from a deficit of 1.62 billion in the corresponding period last year, according to the gg bulletin released by the Ministry of Finance (MoF). Exc...
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Greek banks' Eurosystem funding drops to 44.95 bln in June, lowest since Jan 2010
EconomyMacroeconomyGreek banks’ Eurosystem funding dropped by another 5.71 billion euros in June, after falling by 11.3 billion in May, according to the Bank of Greece's (BoG) monthly financial statement. The headline figure settled at 44.95 billion euros in June, the low...
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Leaders draw battle lines as Greece heads to snap polls on Jan 25
PoliticsGreek PoliticsGreece is heading to snap elections on January 25 after Parliament failed to elect a president in the third and final vote on Monday. As expected, the coalition candidate Stavros Dimas failed to gather the 180 votes needed in the ballot. The only surpri...
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Growth in new car registrations slows to 12.8 pct in Jan
EconomyMacroeconomyAfter reaching a historic high of 69.3 percent in December, the growth rate in the number of road motor vehicles (going into circulation for the first time) slowed to 12.8 percent in January, according to the Hellenic Statistical Authority (ELSTAT). Not...
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Greek primary budget surplus halved in Jan as revenues miss target
EconomyGreece’s budget execution showed the primary surplus halving to 443 million euros in January from 835 million last year, according to the Finance Ministry (MoF) preliminary budget bulletin published on Thursday. This was the first bulletin released by t...
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Greek CPI falls 2.8 pct in Jan for second largest drop since 2001
EconomyMacroeconomyThe drop in Greek consumer price index (CPI) accelerated for the second straight month to 2.8 percent in January from 2.6 percent in December, according to the Hellenic Statistical Authority (ELSTAT). This is the second highest negative reading since 20...
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Drop in revenues drives Jan central government primary cash deficit to 149 mln
EconomyMacroeconomyGreece’s central government primary cash balance recorded a deficit of 149 million euros in January 2015 from surplus of 812 million last year, according to the Bank of Greece (BoG). The central government net balance also displayed a deficit of 217 mil...
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Primary budget surplus 923 mln short of target in Jan as revenues fall by 18.4 pct
EconomyGreece’s final budget execution data confirmed preliminary figures released on February 12 and showed the primary surplus halved to 443 million euros in January from 835 million last year. The primary surplus figure for January missed the target of 1.37...
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Greek deposits nosedive by 12.8 bln in Jan as balances reach lowest point since Aug 2005
EconomyMacroeconomyGreek private sector deposits fell for the fourth successive month in January at the accelerating pace of 7.6 percent month on month (MoM), with balances reaching 148.04 billion euros, according to the Bank of Greece (BoG). The January figure is the low...
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