MacroPolis

Show/Hide Search

Search

Results 3151 to 3160 out of 7760. RSS

  1. Cash deficit to November rises to 9.9 bln as Greece pays off arrears

    EconomyMacroeconomy

    percent to 9.96 billion euros from 7.67 billion last year, according to the Bank of Greece (BoG... in the corresponding period last year. According to Ministry of Finance (MoF) preliminary data released... in line until last year, but this year there have been two major discrepancies stemming from

    1%

  2. What lies at the heart of differences over Greek banks' capital needs?
    Photo by MacroPolis

    Economy

    conclusions ahead of the upcoming eurozone-wide stress test due by the end of the year. The dispute... returning to profit next year. In contrast, the IMF reportedly believes this scenario is overly... to be disclosed in the fourth quarter of the year. Furthermore, Greek banks are reportedly required to cover

    1%

  3. Better income account helps squeeze Greek C/A deficit in January

    EconomyMacroeconomy

    Greece's January current account (C/A) deficit narrowed moderately to 295 million euros from 314 million last year, according to the Bank of Greece (BoG). The 6.1 percent year on year (YoY) drop... under 15 percent of GDP in 2008, one year before the beginning of the crisis. It shrunk to 9.9

    1%

  4. Eurobank gears up for crucial but contentious capital increase

    EconomyBanking

    ), to sell its shares in the lender at not only less than it bought them last year but less than... last year. The fund’s current share in the lender is 95.2 percent. Investors taking part in the capital... discount on the price that the HFSF bought shares in Eurobank last year. This offer price is also

    1%

  5. Greek current account deficit rises to 709 mln in February

    EconomyMacroeconomy

    to the Bank of Greece (BoG). The moderate rise by 25 million euros year on year (YoY) mainly... the latter incorporates a rise in tourist arrivals by 10.2 percent, The year-to-date C/A deficit stood at 1 billion euros showing a marginal rise by 6 million compared to the corresponding period last year

    1%

  6. Car registrations continue to rise; up by 9.1 pct in April

    EconomyMacroeconomy

    Cars going into circulation for the first time showed a year on year (YoY) increase for the eighth... of 8.9 percent in the corresponding period last year. The 12-month trailing index indicates a slower... percent in 2014, yet at a slower pace compared to the 6 percent drop recorded last year. Consumer

    1%

  7. Apartment prices fell 7.5 pct in Q1, down for the 21st successive quarter

    EconomyMacroeconomy

    Apartment prices in Greece fell by 7.5 percent year on year (YoY) in the first quarter (Q1) of 2014... was due to be paid last year. In addition, a decline in the property transfer tax to 3 percent... housing market will linger for the next two years, even if the domestic economy recovers as of this year.

    1%

  8. Central gov't cash deficit shrinks to 1.27 bln in April

    EconomyMacroeconomy

    to 1.27 billion euros, 4 billion lower than a year earlier, according to the Bank of Greece (BoG... in the corresponding period last year. Note that BoG calculates its figures on a cash basis, while... for arrears’ payments of 2.69 billion last year and 120 million this year, the underlying figure decreased

    1%

  9. Fitch upgrades Greek credit rating to B with stable outlook

    EconomyMacroeconomy

    of the adjustment programme, the loss of a junior coalition partner last year and defections by individual lawmakers have significantly eroded its majority. An early general election in Q1 of next year is the most likely scenario, according to Fitch, although a snap election this year cannot be discounted. Although

    1%

  10. Significant post-election economic challenges await Greek coalition

    Economy

    percent in 2014. In contrast, the OECD projects 2014 will be another recessionary year, although at a modest -0.3 percent. The 0.6 percent GDP growth this year assumes a deceleration in the decline... another record year in 2014 after tourist arrivals and travel receipts soared 18.7 and 16.4 percent

    1%