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Bank of Greece warns of dangers in failure to reach deal with lenders
EconomyMacroeconomyof primary surplus targets should be ensured via structural interventions rather than revenue... (35.6 percent). As expected, the NPE coverage ratio stands at lower than that of NPL at 44 percent
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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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Greek coalition braces for internal debate over agreement with lenders
PoliticsGreek Politicsat companies with large profits and individuals earning more than 30,000 euros a year. Tsipras... a more convincing commitment than his predecessor, Antonis Samaras, it could prove the missing piece
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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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Greeceās price index falls to second lowest point in 12 years
SocietyCommunications are hugely more expensive while prices for transport services are considerably cheaper than the EU average, according to data on price levels on consumer goods and services released by Eurostat last week. Based on price surveys covering more than 2,400 consumer goods and services
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Credit contracts by slower rate of 2.1 pct in May
EconomyMacroeconomythat the outstanding balance of corporate loans fell by more than 3 billion month on month (MoM) below... since then, while balances dropped by more than 19 percent. The biggest decline over this period
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What capital controls will mean for Greek banks, customers and the economy
Economyeuros per card, which is much lower than the 300-euro daily cap set in Cyprus two years ago. Press... than that imposed before the legislative decree. These transactions should relate to payments
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Referendum and the ECB to determine the future of Greek banks
Economyfor Greek government bonds (GGBs) and less than 10 percent for T-Bills. Pillar II bonds made up 45... have disclosed they held an ELA liquidity buffer of more than 38 billion (NBG and Piraeus at 12
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