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  1. Travel receipts rise by 16.3 pct in April on jump in arrivals

    EconomyMacroeconomy

    France, which was the outperformer in the first quarter, showed a drop by 2 percent in April arrivals... at the main Greek airports slowed to 6 percent in May bringing the 5-month rate at 10.5 percent, lower

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  2. Budget primary surplus at 1.51 bln end-May, revenues fall short by 978 mln

    EconomyMacroeconomy

    , estimated at 555 million 2) The non-receiving of ANFA income of 132 million The revenue breakdown.... The data showed primary expenditure eased 4.8 percent in May and 6 percent in the 5-month period

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  3. Newsletter 33 - 03/07/2015

    Newsletters

    of capital controls and a forced bank holiday for six working days, from 29 June to 6 July at the earliest... percent). Retail volume also contracted by 1.9 percent in April . 2 Tragedy and drama Neither Greece... is unlikely to en masse favour being part of a national emergency government. The other possibility

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  4. ELA funding up by 9.2 bln in June, banknotes in circulation reach all-time high

    EconomyMacroeconomy

    from December until the end of June. 2) Replacement of ECB with ELA funding following ECB decision... government bonds. On July 6, the ECB Governing Council decided to adjust the haircut applied

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  5. Primary surplus 3.1 bln above target in H1 on severe underspend

    EconomyMacroeconomy

    target) 2) Other social security funds expenditure (at zero versus a FY target of 446 million) 3) Grants... versus FY target of 454 million) 6) Consumption and non-allocated expenditure (at 23.4 percent

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  6. A breakdown of the funding needs involved in Greece's third bailout

    EconomyProgramme

    of this amount includes: 1. Amortisation of SMP and ANFA bonds held by the Eurosystem (12.7 billion) 2... will lower financing needs by 6 billion. Based on these estimates, Greece’s gross financing needs

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  7. Economic situation biggest worry for Greeks, latest Eurobarometer shows
    Photo by MacroPolis

    Society

    of the EU in Greece are continuing to improve. Now, 25 percent (+ 2 percent on the last poll) of Greek...), while 38 percent (+6 percent) said they were neutral, which on par with the EU average. Greece has

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  8. Agreement on third bailout with revised fiscal and macro targets, host of prior actions

    EconomyProgramme

    and mothers with children with disability) with immediate application. 2) Change in the interest rate...) Full evaluation of the social welfare system, targeting annual cost savings of 0.5 percent of GDP. 6

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  9. Greek government commits to new fiscal measures for third bailout

    EconomyMacroeconomy

    for 2016-19. Among others, the latter will include: 1) The second phase of pension reforms 2) Reform... of relevant frequencies 6) Extension of taxation on Video Lottery Machines (VLTs) gross gaming revenues

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  10. Record revenue shortfall of 2.83 bln in July shrinks primary surplus outperformance

    EconomyMacroeconomy

    that was not collected 2) Extension of submission of personal income tax (PIT) declarations that led to a delay... at 1.55 billion euros, 317 million below target. As a result, net revenues fell by 6 percent – lower

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