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  1. Primary budget surplus passes 1-bln mark for 2014 but revenue shortfall widening
    Photo by MacroPolis

    Economy

    (390 million), which more than offset lower net revenues (1.05 billion). The monthly performance... of lower revenues and higher tax refunds led 4-month net revenues down 1.3 percent to 13.84 billion...-month figure posted a surplus of 897 million. This was mainly due to the exceptionally strong PIB

    7%

  2. Greek Jan-Apr primary budget surplus rises above 1 bln despite revenue shortfall

    Economy

    Investment Budget (PIB) balance (390 million) counterbalancing lower net revenues (1.05 billion). Revenues... the 2013 figure exceeded the annual target. Lower revenues and higher tax refunds led four-month net... largely reflects the exceptionally strong PIB revenues of 1.56 billion posted in February.

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  3. Greek debt: A case of learned helplessness?
    Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]

    Agora

    on a net basis did not exceed 51.2 billion euros. This is a product of the eurozone denying... of eurozone politicians and officials to deal with Greece’s debt is so strong that they do not have... social welfare, the safety net for the most vulnerable and more targeted public investment

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  4. Newsletter 1 31/10/2014

    Newsletters

    if the net capital increase of 1 billion is taken into account. NBG displayed the highest capital... for splits within his own party. Karamanlis not only has strong supporters in New Democracy... percent month on month to 212.78 billion euros. Monthly net deductions slipped to 405 million euros

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  5. OECD slashes 2015 growth forecast to just 0.1 pct, raises unemployment and debt figures
    Photo via OECD on Flickr https://flic.kr/p/9Lr6kk

    EconomyMacroeconomy

    , which is significantly lower than the previous estimate of 6.8 percent. However, a strong rebound...) and edging up to 4 percent in 2016. Overall, net exports are expected to ease 0.5 percent in 2015..., according to the OECD. In addition, a broader and well-designed social safety net would help the most

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  6. IMF preliminary DSA finds Greek debt unsustainable, points to need for debt relief

    EconomyProgramme

    into the Treasury. Overall, the IMF estimates Greece’s net financing needs at 29.3 billion in the next 12... by the Eurosystem (14.3 billion), other medium- and long-term debt (5.5 billion) and net redemption... strong assumptions about labor market dynamics and structural reforms, while debt to GDP ratio would

    7%

  7. EU makes dramatic revision to economic forecasts, sees recession of 2-4 pct this year
    Photo by MacroPolis

    Economy

    to the strong deterioration of Greece’s economic and financial situation, the EC has revised downwards... billion compared to 24 billion envisaged by the second bailout programme Net financing needs could... for net financing needs of 74 billion is 4 billion lower than that projected by the IMF. The EC notes

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  8. Greek stocks down 15.2 in first week of trading after market closure

    Economy

    , while erased only a fraction of those losses in the strong rebound of almost 18 percent on Thursday... of 0.11 euros per share on Friday with its yield at 2.5 percent. Mytilineos posted on Wednesday Q2 net... Telecom Organisation (OTE) posted a net Q2 loss of 3.6 million compared to profits of 69.3 million

    7%

  9. Greek stocks on slide for third straight week

    Economy

    to a strong underperformance from banks, while volumes were subdued. The Eurogroup on Monday took... in the previous week. Corporate news NBG released its third quarter (Q3) results on Monday, with net... Petroleum Q3 results showed net profits jumped to 111 million from 24 million last year with EBITDA also

    7%

  10. Privatisation of power transmission firm ADMIE a key challenge among prior actions

    EconomyProgramme

    EBITDA improved by 5.2 percent to 183 million with net profits showing a notable rise by 25 percent to 55.9 million. ADMIE’s cash stood at 118.3 million in 2014, net debt at 336 million, while... by the coalition, which is the strong ideological opposition within SYRIZA to privatisations, and the sale

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