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  1. Greece records primary cash deficit in 2013

    EconomyMacroeconomy

    Greece’s 2013 central government net balance on a cash basis showed the deficit widening by 19.6 percent to 12.79 billion euros from 10.7 billion last year, according to the Bank of Greece (BoG.... Incorporating these adjustments, we conclude that the BoG net balance stands at about 750 million

    3%

  2. A closer look at Greece's 2013 budget primary surplus of 603 mln

    EconomyMacroeconomy

    in the first months of 2014. Overall, the PIB balance, which showed a surplus until November with a material positive impact on budget balance outperformance throughout the year, turned to a deficit of 2.06

    3%

  3. Greek primary budget surplus doubles to 835 mln in Jan but below target

    Economy

    balance showed a deficit 276 million from 11 million last year with a negative impact on this year’s monthly budget balance. The disclosure of the January final budget execution coincides

    3%

  4. Central government primary cash surplus at 1.7 bln to February
    Photo by MacroPolis

    EconomyMacroeconomy

    Greece’s central government net balance to February on a cash basis showed a surplus of 221 million from deficit of 1.4 billion last year, according to the Bank of Greece (BoG). At the same time, the primary cash balance turned also positive posting a surplus of 1.68 billion from deficit of 188

    3%

  5. Primary surplus at 2.1 bln in Feb, ahead of budget execution target
    Photo by MacroPolis

    EconomyMacroeconomy

    to the preliminary data released by the Ministry of Finance (MoF) on Tuesday. The state budget balance... month on month at circa 300 million. As a result, PIB balance to February showed a surplus of 988

    3%

  6. A return to capital markets for Greek banks but no return to domestic lending
    Photo by Can Esenbel [www.mundanepleasures.com]

    Agora

    challenge of non-performing loans (NPLs) on banks' balance sheets. Their volume as a share... Standard & Poor's identified these risk factors in Piraeus and Alpha Bank's balance sheets as significant

    3%

  7. General gov't cash surplus rises to 3.54 bln at end of Feb, more than double last year

    EconomyMacroeconomy

    by the Ministry of Finance on Wednesday. The gg cash balance also showed a surplus at 1.93 billion from just... balance. The stock of arrears, including tax refunds, increased for the second straight month by 161

    3%

  8. ELSTAT sees 2013 primary deficit at 8.7 pct of GDP, 40 bln wiped out from economy since 2010

    EconomyMacroeconomy

    support for banks, which amounted to 19.27 billion, is excluded the gg primary balance actually... points out that “the calculation of the primary balance under the Economic Adjustment Program (EAP

    3%

  9. Central gov't cash deficit down to 1.14 bln in March

    EconomyMacroeconomy

    Greece’s central government net balance to March on a cash basis showed a deficit of 1.14 billion. 59 percent lower compared to last year’s 2.76 billion, according to the Bank of Greece (BoG). Despite posting a deficit of 910 million euros in March, the 3-month primary cash balance remained

    3%

  10. OECD sees Greek recession continuing in 2014, slower recovery to follow
    Photo by MacroPolis

    EconomyMacroeconomy

    previous estimates, the OECD did not publish its fiscal balance projections under the Economic... to achieve fiscal sustainability. The OECD notes that bank recapitalization and balance-sheet

    3%