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  1. Budget primary surplus at 1.51 bln end-May, revenues fall short by 978 mln

    EconomyMacroeconomy

    or postponing other expenses in an effort to cover the external funding needs, mostly related to IMF payments

    2%

  2. Government sceptical about deal with lenders, PM with convincing to do

    PoliticsGreek Politics

    and tax hikes his government will have to take as the funding that will be released as a result

    2%

  3. The Greeks deserved better than this
    Photo by Harry van Versendaal

    Agora

    not been willing to “play by the rules” or to make sacrifices in return for further bailout funding

    2%

  4. Referendum and the ECB to determine the future of Greek banks
    Photo by MacroPolis

    Economy

    The ECB Governing Council decided yesterday to maintain the Emergency Liquidity Assistance (ELA) funding of Greek banks at current levels. Moreover, despite earlier rumors, the ECB did not take any decision on an increase on the haircut applied to ELA collaterals. This means that Greek banks

    2%

  5. S&P lowers Greek long-term rating by one notch to CCC-

    Economy

    imports such as fuel. Without Eurosystem funding, Greece payment system would shut down and its banks

    2%

  6. IMF preliminary DSA finds Greek debt unsustainable, points to need for debt relief

    EconomyProgramme

    36 billion. These additional funding needs stem from: 1) Lower fiscal targets (additional needs

    2%

  7. An impossible choice

    Agora

    As this article was being written a few days ago, various European governments and international funding institutions were discussing the consequences of the expiration of Greece’s current financial assistance programme. Equally, ministries across the euro area were considering the Tsipras

    2%

  8. General gov't cash primary surplus to May halves, arrears keep rising

    EconomyMacroeconomy

    a large part of non-payroll cost to cover its imminent external funding needs. The absolute figures

    2%

  9. Tsipras runs gauntlet as he seeks approval for proposals from cabinet, lenders

    PoliticsGreek Politics

    as it covers funding needs for the next three years rather than just a few months. Tsipras will also

    2%

  10. Greek banks in intensive care: What lies ahead?
    Photo by MacroPolis

    Agora

    percent of liabilities, a contribution from the resolution funding arrangement up to 5 percent

    2%