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  1. General govt primary cash surplus at 1.65 bln in May on slower expenditure decline
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    at the end of May. The next largest category was tax refunds​,​ which represent 19.8 percent... the 10-billion euro mark to 9.70 billion in May, of which ELA guarantees constitute​d​ 9.35 billion. Bank

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  2. Athens edges towards compromise on pension cuts but may have to plug fiscal gap
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    EconomyProgramme

    and its lenders may still need to agree on a way to bridge an apparent fiscal gap in 2019. Reports... in 2017, which may strengthen the government’s argument regarding the fiscal outperformance

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  3. Credit contraction remains at 0.1 pct in May, balance at 161.16 bln
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    Credit contraction in the Greek market stayed at 0.1 percent in May, unchanged from April, Bank of Greece (BoG) figures showed on Monday. As a result, the outstanding balance came to 161.16 billion euros from 161.48 billion euros in the previous month. Along with April, May’s credit contraction

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  4. New government holds first talks with creditors, may opt for cautious fiscal approach
    Photo by MacroPolis

    EconomyProgramme

    that the draft law may also include interventions aimed at providing incentives for the property... reforms and meets the fiscal targets for this year and 2020, there may be room for discussing a less

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  5. Travel balance up by 7.8 pct in May, aggregate visitors edge down 0.9 pct
    Photo by MacroPolis

    EconomyMacroeconomy

    Greece’s travel balance rose to 1.36 billion euros in May from 200.3 million euros in April, Bank of Greece (BoG) data has shown. This reflects an annual rise of 7.8 percent. Receipts came to 1.61... by 3.3 percent YoY and stood at 1.12 billion euros in May. For euro-denominated countries, receipts

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  6. Overall loan interest rate drops to 4.23 pct in May

    EconomyMacroeconomy

    The overall weighted average interest rate on all new loans to households and non-financial corporations rose by 18 basis points (bps) to 4.23 percent in May from 4.05 percent in April, data from... the corresponding volume of new business fell to 237 million in May from 262 million in April

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  7. General govt primary cash deficit of 4.84 bln in May, arrears drop by 163 mln
    Photo by MacroPolis

    EconomyMacroeconomy

    in EFSF/ESM/IMF loans which came to 250 billion euros in May and made up 69.2 percent of the total... and came to 11.79 billion in May. Bank support was unchanged month-on-month at 320 million. Gg

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  8. Trade deficit falls by 47.7 pct in May
    Photo by Angelos Christofilopoulos/Fosphotos

    EconomyMacroeconomy

    Greece’s trade deficit fell by 47.7 percent year-on-year (YoY) in May compared to a drop of 30.3 percent in April, data from the Hellenic Statistical Authority (ELSTAT) released on Tuesday showed... the value of oil products and ships, the trade deficit fell by 42 percent YoY in May. The aggregate

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  9. PMI edges down to 48.7 points in October as output declines at fastest rate since May
    Photo by Håkan Dahlström via Flickr https://flic.kr/p/5MQQVH

    EconomyMacroeconomy

    . The rate of decline was the fastest since May. The decline was spearheaded by a fall in new orders..., the recovery to pre-pandemic levels may be drawn out,” they concluded.

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  10. Late May Day rallies highlight divides in left and labour movement
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    A general strike and late May Day protest were held in Greece on Thursday in protest against upcoming labour legislation by the New Democracy government. The bill about to be presented in Parliament... labour issues as its own political turf, and have pointedly refused to join SYRIZA on Thursday’s May

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