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Eurosystem funding drops by 2.7 bln in June on reduced ELA liquidity
EconomyMacroeconomybillion euros to 44.2 billion. A further decline in the ELA limit by 2 billion was also announced by the ECB on July 6, reflecting “developments in the liquidity situation of Greek banks, taking
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Privatisation plan inches along as groups express interest in DESFA
EconomyProgrammeat around 2 billion euros. The sale of 14 regional airports to Fraport for 1.2 billion is included... Fund (HRADF). Privatisations are expected to generate 6 billion euros for the HRADF in the next 14
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Centre-left leadership candidates step forward as unity doubts linger
PoliticsGreek Politicsof June by the University of Macedonia for Skai TV showed support for PASOK on 6 percent, leaving... suggests backing for Theodorakis’s party stands at just 2 percent. This means an alliance between PASOK
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General govt primary cash surplus at 4.10 bln in seven-month, arrears rise to 5.44 bln
EconomyMacroeconomy. The deficit in local government eased to 2 million euros, improving on the previous month’s deficit... declines of 6 million each were seen in gg and non-gg entities. Bank-related guarantees amounted to 36.15
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General govt primary cash surplus at 4.51 bln in eight-month, arrears increase to 6.03 bln
EconomyMacroeconomydeficit of 2 million euros. However, the figure for 2017 still underperformed that of 2016 which stood... million), hospital arrears (+8 million) and SSFs (+6 million). Arrears in extrabudgetary funds fell
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Eurobank sells NPL package in attempt to reduce bad debt pile
EconomyBankingat 11.5 billion (10.8 percent), loan sales at 7.4 billion (6.9 percent) and collections at 6 billion... and liquidations (4.4 billion) and selected sales (2 billion). According to reports, the bank is packaging 3
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Athens eyes ample cash buffer, prepares for bond swap
EconomyProgrammebeen suggested that the government may try to tap the markets for a total of 6 billion euros next... for 12 to 24 months. After 2 years, the reserve would be converted to a permanent “Stability Fund,” which
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Newsletter 138
outstanding single property tax (ENFIA) payments have been settled and employees paid up to 6 months... confidence was also reported as having improved to a three-and-a-half year high. 2 Retail sales drop by 0.3
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Newsletter 145
significant of those was one introducing jail sentences of up to 6 months for anyone obstructing... for the relevant period last year, representing a worsening to the tune of 1.54 billion. 2 Industrial turnover up
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Most Greeks negative about spending power in 2018
Societyon Christmas, Greeks fell in the middle at fifth place, between Germany at 4 and Belgium at 6. Greek... during Christmas. However, the total sum in Greece fell by 2 percent, while the average across 10
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