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  1. Eurosystem funding drops by 3.3 bln in Nov for 17th straight monthly fall

    EconomyMacroeconomy

    securities and lower haircut applied on ELA collateral coupled with participation of Greek banks... set the ELA ceiling for Greek banks at 50.7 billion on December 8, which stands 40.3 billion lower

    3%
  2. Travel receipts up by 14.2 pct in Oct but 10-month figure drops 4.2 pct
    Photo by Pavlos Svoronos/Fosphotos

    EconomyMacroeconomy

    the 10-month travel balance down by 5.5 percent to 11.32 billion. Lower travel revenues fully reflect... lower in 2016, from last year’s figure of 14.13 billion, largely due to the competitive prices

    3%
  3. Stocks up 2.1 pct in last week of 2016 as year's performance turns positive for first time since 2013
    Photo by Panayotis Tzamaros/Fosphotos

    Economy

    ). The three stocks that ended lower this week were Motor Oil (-2.2 percent), Ellaktor (-0.9 percent... 1.5 percent lower from the year-high recorded on June 7. Bank shares stayed very volatile for yet

    3%
  4. December retail sales seen down 2.5 pct amid tax onrush
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    in December, more than 100 million lower than the 4.1 billion recorded a year ago. ESEE highlights... posted a nosedive of 38 percent, corresponding to lower turnover of 2.43 billion euros from the December

    3%
  5. Newsletter 103 - 20/01/2017

    Newsletters

    a revenue outperformance of 1.82 billion but also supported by lower a public investment budget (PIB... an improvement in November, with the most notable increase in capital goods by 11.3 percent. Lower rises were

    3%
  6. Eurosystem funding falls by 1.9 bln in Dec, down by 60 bln since July 2015
    Photos by Dennis Skley via Flickr https://flic.kr/p/qcppmH

    EconomyMacroeconomy

    . This was mainly a result of the reinstatement of waiver on Greek government securities and lower haircut... years. Lower Eurosystem funding is also attributed to increased interbank repos and ongoing loan

    3%
  7. IMF's outlook on debt unsustainability adds to doubts after inconclusive Eurogroup
    Photo via Fosphotos

    EconomyProgramme

    reportedly projects lower growth rates than the Europeans and sees Greece’s primary surplus at 1.5 percent..., these interventions would lower Greece’s gross funding needs to 15-20 percent of GDP. Speaking

    3%
  8. IMF far more pessimistic than eurozone on Greek debt, urges significant relief
    Photo by Panayiotos Tzamaros

    EconomyProgramme

    , higher privatisation revenues of 15 billion, zero additional bank recapitalisation needs and lower... with weaker than expected policies resulting in lower primary surpluses of 1 percent of GDP

    3%
  9. IMF examines where programme went wrong, what lessons were learnt
    Photo by Panayotis Tzmaros/Fosphotos

    EconomyProgramme

    projections, largely due to lower growth and deflators, while unemployment was much higher than originally... compared to other programmes and with lower implementation rates. The number of structural conditions

    3%
  10. IMF examines how Greece accumulated large pile of unpaid taxes and contributions
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyProgramme

    stands at round 10 percent of the total, which is lower than that in most peer countries and below..., with longer instalments, lower interest rates and fewer eligibility requirements. As a result

    3%