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  1. March budget primary balance short of target, but taxes continue to overperform
    Finance Ministry

    EconomyMacroeconomy

    The budget primary balance for the first three months of 2022 was confirmed at 1.65 billion euros, compared to a deficit of 13.4 billion euros during the same period last year, according to the final Finance Ministry (MoF) budget execution data released...

    22%

  2. Eurosystem funding drops by 5.1 bln in Aug driven by ELA fall
    Photo by Kiefer via Flickr https://flic.kr/p/q2j8Dt

    EconomyMacroeconomy

    Assistance (ELA) funding by 3.70 billion euros, the largest drop since June 2016. Additionally... was largely foreseen after successive lowerings of the ECB’s ceiling to Greek banks. The most recent came on September 7 when it was announced that the ELA ceiling for Greek banks would be reduced

    22%

  3. Eurosystem funding falls by 4.38 bln in October as ELA declines

    EconomyMacroeconomy

    to stand at 37.34 billion euros, the lowest reading to date. The monthly movement was driven by a drop... the funding ceiling for Greek banks for several months now. The most recent reduction came on November 9 when it was announced that the ELA ceiling for Greek banks would be reduced further by 1.7 billion euros

    22%

  4. Eurosystem funding falls by 4.46 bln in November, banknotes in circulation decline
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    movement was driven by a drop in Emergency Liquidity Assistance (ELA) funding by 2.90 billion euros..., as the ECB has been lowering the funding ceiling for Greek banks for several months now. The most recent reduction came on November 23 when it was announced that the ELA ceiling for Greek banks would

    22%

  5. Car sales drop by 8.7 pct in Jan for first drop since Feb 2021
    Photo by MacroPolis

    EconomyMacroeconomy

    Authority (ELSTAT) data released on Friday. In January 2021, the year-on-year change was a drop of 27.8 percent. Car sales in January came to 14,044 compared to 15,983 last year, a drop of 12.1 percent

    22%

  6. Energy drives drop of 4.2 pct YoY in import prices drop for June

    EconomyMacroeconomy

    Greece’s import price index continued its contraction in May, with a drop of 4.2 percent year-on-year (YoY), after a sharp 6.3 percent decline in the previous month, according to data released..., the index also decreased by 0.7 percent, from a drop of 3.9 percent in the previous month. The index

    22%

  7. Google mobility report illustrates stark drop in activity due to Covid-19
    Photo by MacroPolis

    Society

    . This compared to a 94 percent drop in Italy and Spain, a 77 percent drop in Germany and a 24 percent drop... in Greece fell by 55 percent against the baseline, while in Italy the drop came to 90 percent. In Spain... percent. The Greek data showed that visits to transit stations fell by 71 percent. In Italy, the drop

    21%

  8. April drop of 9.9 pct for industrial production largest since 2011 as virus takes toll
    Photo by MacroPolis

    EconomyMacroeconomy

    (ELSTAT) data revealed on Friday. The headline figure is the sharpest drop in the index since... percent decrease in the mining and quarrying index, followed by a drop off 11.3 percent in manufacturing and a drop of 4.7 percent in the electricity supply index. An increase of 2.5 percent

    21%

  9. If you think it's bleak for Greece now, wait until tomorrow
    Photo by Harry van Versendaal

    Agora

    productivity growth since 1970 has been averaging 0.7 percent, by far the lowest in the euro area, which

    21%

  10. Greek train firm TRAINOSE attracts just one bid, no interest in rolling stock
    Photo via Flickr https://flic.kr/p/9SDyrr

    Economy

    in 2005 as a subsidiary of the Greek railway company (OSE), which was founded in 1970 and is wholly owned

    21%