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September drop of 3.1 bln is 15th straight month of decline in Eurosystem funding
EconomyMacroeconomy, its lowest level since December 2012. It has dropped by more than 12 billion euros since June 2015... in September, the funding mix slightly shifted towards ELA funding, which now makes up more than 63 percent
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Tsipras makes end-year debt deal government's top priority
PoliticsGreek Politicsregarding the upcoming review. Tsipras suggested it would be “less difficult” than the first... more than just the short-term debt relief measures by Christmas. Finance Ministry officials told
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ELSTAT revises nominal 2015 GDP contraction to 1.3 pct
EconomyMacroeconomyannounced on March 4. This means that the Greek economy’s recession (in nominal terms) was deeper than... now stands at 175.7 billion euros, 326 million, or 0.2 percent, lower than the figure of 176.02
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Crisis sees Greeks change eating habits, cut back on eating out
Societyof the daily diet of Greeks than in 2011, while sweets, legumes, pasta, chicken, eggs and milk... than six out of ten consumers (63 percent) said the economic crisis has affected their food
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SYRIZA congress gives Tsipras benefit of doubt, more time to deliver
PoliticsGreek Politicspositions within the party structure could have more influence than some ministers. The combination... the institutions and more space for the coalition to eke out some policies of its own, rather than
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Stournaras outlines conditions for strong 2017 growth, calls for debt relief measures soon
EconomyMacroeconomy. As a result, travel receipts from the UK made up less than 12 percent of total travel revenues in July from more than 17 percent in the corresponding period last year. The tourism-related activities
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Making the extraordinary ordinary
Agorain the biggest flow of refugees in to Europe since the Second World War. More than 850,000 people arrived... for no other reason than fellow human beings being in desperate need of their assistance. Of course
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PBO report highlights short-term recessionary impact and tax-centric austerity of 2017 draft budget
EconomyMacroeconomythan the Finance Ministry’s forecasts. The deviation stands at 73 percent for revenues and at 60... and service quality than in Greece, which indirectly means that there is scope for improvement
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Programme talks on fiscal issues open wide range of concerns
EconomyProgrammepercentage points lower than its initial estimate of 0.63 percent. In addition, it is widely reported... outperformance by more than 3.5 billion in the 9-month period with tax revenues beating target by 1.07 billion
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Bank credit contracts by 1.7 pct in September on loan deductions of 355 million
EconomyMacroeconomy, 8.6 percent higher than those recorded in the corresponding period of 2015. In particular for September, the corporate loan balance fell by more than 300 million from the previous month to 93.48 billion
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