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Deposit outflow rises to 4.7 bln in April as balances drop to lowest since Sept 2004
EconomyMacroeconomyGreek private sector deposit outflows accelerated to 4.66 billion euros in April, which is more than double compared to the March figure of 2.19 billion, according to the Bank of Greece (BoG... a drop by more than 19 percent on the end-November balance of 164.3 billion. The depositor sentiment
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PMI improves in May but points to further deterioration in manufacturing
EconomyMacroeconomymonth but the rate of contraction was moderate and slower than that of April. The largest drop... of employment drop was relatively modest and slightly faster than in April. Purchasing activity also
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Unemployment unchanged at 25.6 pct in Mar but number of employed still falling
EconomyMacroeconomyunemployment among males and females recorded a similar drop by more than 1 pp YoY to 29.3 percent... at 21.5 percent despite its MoM jump by more than 3 pp. The European Commission (EC) spring economic
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The key points from Greece's proposal to lenders
EconomyProgrammeof the property does not exceed 200,000 euros, the annual family income is not higher than 35,00 euros and the total household assets do not exceed 270,000 of which deposits not higher than 15,000 euros. Energy 1
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Greece deal hangs in balance as IMF sees major differences
PoliticsGreek Politicsare slightly lower than those in Germany, whilst Greek GDP per capita is less than half the German figure
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PASOK elects new leader, hopes to stop slide and regroup
PoliticsGreek Politicssuccessor with more than 50 percent of the ballots cast (51.6 percent). An indication of how far PASOK’s popularity has plummeted is that less than 50,000 people voted for the three candidates on Sunday
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Unemployment, cronyism and corruption fuel Greek brain drain
Societyin ten earned more than that. As regards benefits, 66 percent said they had medical care, 54 percent... more than 2,000 euros a month.
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Unpaid taxes rise by 1.03 bln in May, taking total to 77.88 bln
EconomyMacroeconomymillion against the legacy tax debt in the 5-month period corresponding to more than half... remains better than target most likely due to the new settlement process. Nevertheless, the revenue
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Greek primary cash surplus at 1.07 billion at end-May on lower expenditure
EconomyMacroeconomy. The respective drop in budget expenditure was less than half (-3.4 percent). Interest payments grew by 17.2 percent to 3.04 billion, 131 million higher than the respective budget figure of 2.91 billion
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Travel receipts rise by 16.3 pct in April on jump in arrivals
EconomyMacroeconomyinternational tourist arrivals (up 39.1 percent) to 2.66 million more than offsetting a marked decrease... than the 17.5 percent recorded in the 4-month period of 2015. Excluding Athens, tourist arrivals
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