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Compliance report looks at programme financing, arrears clearance and 2016 performance
EconomyProgrammebe financed through the programme. A cash buffer of 9 billion must also be built up by August 2018... were reduced by 2.02 billion followed by a drop in unprocessed tax refunds by 916 million over... is for the current stock of arrears to be eliminated by the end of the programme, of which up to 3.1
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Government stalls possible bond issue, clashes again with judiciary
PoliticsGreek Politicsmomentum built up since the June 15 Eurogroup agreement. Nevertheless, Greek bond yields have continued to drop, with the 10-year bond yield hitting 5.1 percent on Monday. This suggests... is not letting up in its efforts and Justice Minister labelled the appeals court decision on Monday
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Disposable income edges down 0.1 pct in Q1
EconomyMacroeconomyedging up by 0.1 percent in the previous quarter, Hellenic Statistical Authority (ELSTAT) data... contributions and benefits almost offset by a drop in taxes. Since 2010, disposable income has been reduced... that the employees’ total remuneration edged up by 0.2 percent in Q1 after a decrease of 0.3 percent
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Budget primary surplus at 1.94 bln in H1, beating target by 1.5 bln on underspend
EconomyMacroeconomyThe budget primary surplus was confirmed at 1.94 billion euros in the first half of 2017, up... successive month by 7 percent in June, after a double-digit drop of 11.8 percent in May and landed at 3.24... (by 299 million). At the same time, interest payments edged up 1.4 percent to 3.53 billion
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General govt primary cash surplus falls to 2.63 bln in six-month, arrears rise to 5.13 bln
EconomyMacroeconomywere the next major contributor, making up 24.4 percent of the total (1.25 billion), followed... billion in June to end the month to 52.03 billion. The drop is entirely attributable to a substantial... of which is made up of ELA guarantees at 37.63 billion. Bank support guarantees came to 1.88
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Current account surplus at 842.3 million in June, assisted by services balance
EconomyMacroeconomywent up by 8.6 percent to 3.74 billion. Overall the goods deficit stood at 1.43 billion in June..., attributable mainly to a 705 million-euro drop in residents' holdings of foreign bonds and T-Bills... of Greek government bonds and T-Bills. Reserve assets edged up slightly month-on-month to 6.27 billion
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Budget primary surplus at 3.02 bln in July, above target by 926 mln on strong underspend
EconomyMacroeconomyThe budget primary surplus was confirmed at 3.02 billion euros in July, up by 11.4 percent against... percent and a drop in direct taxes by 3.3 percent. Overall tax revenues were below the monthly target... consecutive weak months, standing at 228 million, up by 67 million against the target in July
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Current account surplus at 1.57 billion in July, pushed by services balance
EconomyMacroeconomy. The rise in travel receipts is fully attributable to international arrivals going up by 10.2... payments fell by 1.9 percent, pushing the travel surplus up 8.1 percent to 5.91 billion. Financial... in residents' external assets, attributable mainly to a 3.4 billion-euro drop in residents' holdings
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Budget primary surplus at 3.54 bln in August, 29 mln off target on tax refunds, low revenues
EconomyMacroeconomyMinistry’s (MoF) final budget execution bulletin showed on Monday. The eight-month primary surplus up... percent and a drop in direct taxes by 11.9 percent. In total, tax revenues missed their monthly target... edged up slightly by 0.3 percent to 4.82 billion in the eight-month period, above target by 17
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Deposit inflows rise to 1.41 bln in August, highest for 2017
EconomyMacroeconomyThe positive deposit flow in the Greek banking system picked up pace in August to 1.41 billion... inflows picked up pace. A breakdown of the figures revealed that time deposits received inflows.... The drop reflected “developments in the liquidity situation of Greek banks, taking into account
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