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  1. Eurosystem funding drops by 2.2 bln in May, mostly on further decrease in ELA reliance
    Photo by MacroPolis

    EconomyMacroeconomy

    billion. A further decline in the ELA limit by 1.1 billion was also announced by the ECB on June 8... up 71.5 percent of the total withdrawn liquidity. It is worth noting that the collateral pledged with BoG and the ECB also fell by 1.75 and 1.1 billion respectively from the previous month. The BoG

    6%
  2. Draft budget sees stronger growth, fiscal targets being met
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    from the Medium Term Fiscal Strategy (MTFS), led by 1.1 percent growth in private consumption and a 1...) is estimated to increase by 1.1 percent, following a 1.2 percent rise in 2017. Fiscal estimates.... On arrears, the draft budget a total of 3.5 billion euros from programme financing in 2016 was transferred

    6%
  3. Travel balance down by 29 pct in April as receipts slump
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    to roughly 1.1 million. The average expenditure per trip also fell by 7.3 percent to 418.30 euros... by 3.2 percent to 13,900. In total, arrivals from the EU 28 countries rose by 17.9 percent year... to 891,100. Arrivals from outside the EU rose by 7.3 percent to 1.1 million. The aggregate breakdown

    6%
  4. Piraeus enters agreement for sale of 2.2 bln loan portfolio
    Image via www.piraeusbankgroup.com

    EconomyBanking

    billion, landing exactly on target for the quarter and representing a reduction of 1.8 percent or 1.1 billion compared to December 2017. The total volume of NPLs was reduced by 1.1 billion QoQ. During

    6%
  5. Newsletter 192 -01/02/2019

    Newsletters

    that the total bids reached as high as 10 billion euros. Finance Minister Euclid Tsakalotos also claimed... Credit contraction at 1.1 pct in Dec Loans to enterprises increase by 1.09 bln MoM Credit contraction in the Greek market came to 1.1 percent in December compared to a contraction of 1.4 percent seen

    6%
  6. GDP falls by 0.7 pct QoQ in Q4 and increases by 1.9 pct in 2019

    EconomyMacroeconomy

    on a YoY basis. On an annual basis, for 2019 final consumption expenditure rose by 1.1 percent. Private... percent. Final consumption represents the majority of GDP, making up around 88 percent of the total... decreased by 5 percent. Compared to Q4 2018, exports of goods decreased by 1.1 percent, and exports

    6%
  7. FinMin tables recovery budget, foreseeing across-the-board improvement in key numbers
    Photo by MacroPolis

    EconomyMacroeconomy

    , at 1.1 pct of GDP. Both figures are above the MTFS estimates by roughly one billion euros, where..., or 0.9 pct of GDP, higher from the MTFS estimate by roughly 1.1 billion euros. The ministry has also outlined the details of the total package in response to the pandemic that for the 2020-2022 period

    6%
  8. Newsletter 333 - 01/04/2022

    Newsletters

    is needed in addition to last week’s 1.1 billion package, while 45 pct are unhappy with the nature... was forced to take further action, announcing a package of 1.1 billion euros, which was dominated... 50.44 billion euros from taxes this year, with VAT representing more than a third of total tax

    6%
  9. Budget marks return of trust, argues Mitsotakis
    Photo via https://primeminister.gr

    PoliticsGreek Politics

    1.1 pct this year. The total deficit is due to halve to 2.49 billion euros, at -1.1 pct of GDP, from

    6%
  10. Trade deficit soars 34 pct YoY in Feb to over 3bln
    By Angelos Christofilopoulos/Fosphotos

    EconomyMacroeconomy

    the total to 5.61 billion euros. Imports dropped by 1.1 percent, while exports decreased by 11.4 percent... by 1.1 percent. Excluding the impact of oil products and the value of ships, imports increased

    6%