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  1. Current account surplus jumps to 4.25 bln in July on SMP returns and nosedive in imports

    EconomyMacroeconomy

    is primarily due to lower net payments for purchases of ships also supported by reduced net oil..., mainly stems from higher net investment income payments coupled with lower net other primary... investment showed residents’ net external assets rose by 73 million euros in July, while non-resident’s

    3%

  2. Public sector capital stock in Greece and the Euro-19

    Agora

    for the general government net real capital stock—one for Greece and, as a comparator, one... (annual data from Eurostat). The net capital stock is the gross capital stock minus depreciation over...] A pattern has emerged: relatively efficient countries have net real capital stocks that vary

    3%

  3. Europe missed an opportunity on banking union
    Illustration by Manos Symeonakis [http://www.cartoonmovement.com/p/6035]

    Agora

    between banks and sovereigns." In this case, the sovereigns were members of the single currency whose... on what form the single resolution mechanism for this banking union would take. Wednesday’s deal... on the countries of Southern Europe. This brings us to the second pillar, the single resolution mechanism

    3%

  4. Trade after Brexit: How Greece and the EU will be affected

    Agora

    , customs or other duties) access of the UK to the European Union single market of over 500 million... to the single market, but this couldn’t come without the free movement of people and labour 'migration... Union single market might help them to boost up their balance by reducing the volumes of their UK

    3%

  5. As imports rise, Greek C/A balance flips back to deficit in May

    EconomyMacroeconomy

    ). According to the BoG, the higher net import bill, primarily for oil and to a lesser extent... and a moderate drop in exports by 1 percent. According to the BoG, net payments for ship purchases and higher net oil import bill were the key reasons for the deterioration of the trade balance

    3%

  6. August sees third Greek C/A surplus in a row, reaching 1.82 bln
    Photo by MacroPolis

    EconomyMacroeconomy

    respectively. According to the BoG, the narrowing of the trade deficit reflects a lower net import... that the widening of the trade deficit is attributed to a higher net import bill for oil and ships, which... in the services’ surplus by 17.4 percent is mainly owed to higher net travel receipts followed by hiking net

    3%

  7. Greek credit contracts by 3.1 pct in December

    EconomyMacroeconomy

    in the course of 2014. Monthly net deductions slightly increased to 234 million from 171 million... that the average monthly figure for net deductions stood at 560 million for 2014. The negative credit flow in December mainly stems from net deductions in the corporate and household sectors of 155 and 117

    3%

  8. Greek credit falls by 2.9 pct in Jan as lending balances reach 214 bln

    EconomyMacroeconomy

    , shipping balances (mostly denominated is US dollar) rose by 811 million MoM, although net additions... million, despite net deductions of 311 million, as 10 percent of mortgages are denominated in Swiss franc, which sharply appreciated against euro. Monthly net deductions fell below the 100-million mark

    3%

  9. Current account in surplus for 2nd straight month in June but down 20 pct on 2014
    Photo by MacroPolis

    EconomyMacroeconomy

    that net payments for purchases of ships declined almost fully offsetting a rise in the net oil... to lower net receipts from transport and other services. In contrast, the travel surplus slightly... half primarily reflects lower net payments for purchases of ships and – to a lower extent – lower net

    3%

  10. Declared income falls 28.7 pct from 2011 to 2014, salaries and pensions suffer most

    Economy

    A total number of 8.52 million individuals declared annual net income of 73.93 billion euros...-earners and pensioners consistently make up more than three quarters of total declared net income... the last three years. Net income from other activities fell by 21.4 percent since 2011 and landed

    3%