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The tarnished legacy that will haunt the Athens Olympics
Agorawarned the euro area that its public debt and deficit figures would be worse than expected. The deficit for 2004 came in at 6.1 percent, more than double the eurozone limit, while Greece’s debt... have been held accountable? Greek taxpayers, who were largely the victims rather than perpetrators
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Eurobank reports net loss of 301.1 mln in Q2
EconomyBanking, the underlying net loss stood at 186.2 million euros, which was slightly lower than the 189.3 million posted... improved by more than 3 percentage points QoQ to 54.6 percent in line with its domestic peers. The non... ratio is in line with that of Piraeus, but lower than the 58 and 56 percent reported by Alpha
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Greek economic contraction during crisis higher at 24.6 pct, revised data shows
EconomyMacroeconomyfor 1995-2013 so it is in line with the new European System of Accounts (ESA 2010) rather than... was minimal, with 2013 nominal GDP now standing at 182.44 billion euros, just 0.2 percent higher than... more than previously recorded by ELSTAT. This corresponds to a cumulative GDP contraction of 24.6
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September revenues drive 9-month Greek primary surplus up to 2.53 bln
Economyeuros better than target) more than offsetting the Public Investment Budget (PIB) balance (258 million... figure at 2.6 billion, more than 300 million above target. After a slight increase in August... better than target. Interest payments fell by 8.9 percent to 4.82 billion in the 9-month period almost
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Greece said to eye exit plan with precautionary support but no new MoU
EconomyProgrammeeuros but the government reportedly estimates that more than 10 billion will still be available after... a precautionary support rather than a credit line and would be available to Greece whenever the country cannot... that the usage of HFSF capital buffer for other purposes than bank recapitalisations would require
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Greek deposit and loan rates slide in September
EconomyMacroeconomythe 1.20 percent average rate in the eurozone and more than 50 bps higher than the respective rate... than 50 bps higher than the eurozone average rate, while the rate for consumer loans without
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ILO highlights social impact of Greek crisis, proposes change in policy
Society(based on the poverty line fixed in 2008) showed that poverty in Greece has more than doubled... percentage points (pp) to 67.8 percent in 2013 and by more than 10pp to 50.1 percent for inactive... than the rest of the non-employed during the crisis. Among households, large families have suffered
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Greek tax revenues at 33.5 pct of GDP in 2013, slightly below OECD average
EconomyMacroeconomyhigher than that of Ireland at just 4.2 percent. Note though that SSC contribution to total taxation... percent is similar to that in Portugal and Ireland and only lower than that of Finland (24 percent... higher than that of Mexico (0.31) and way below the OECD average of 0.55, implying that a considerable
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Greek budget primary surplus up to 3.53 bln at end of November despite revenue shortfall
EconomyMacroeconomy, 673 million better than target. The overperformance is down to lower expenditure (by 1.35 billion) and the Public Investment Budget (PIB) deficit (by 297 million) more than offsetting the continued... higher than November’s last year), all indications point to a revenue underperformance for the whole
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Moody's sees 1.2 pct growth in Greece next year but highlights political risk
Economyrisks. According to Moody’s, Greece’s gross financing needs are estimated at more than 20 billion euros... to rebound 0.6 percent this year and further by 1.2 percent in 2015, less than the official sector... and slightly higher at 3.2 percent in 2015. Both projections are higher than Greek government’s targets
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