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General govt primary cash surplus at 2.42 bln in April, arrears fall by 66 million
EconomyMacroeconomymillion). At 35.3 percent, arrears of SSFs make up the majority of overall arrears and stood at 1.87... make up 43.4 percent of the total guarantees. Bank support remained unchanged, while gg entities came
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Turnover in tourism grows by 10.9 pct in Q1
EconomyMacroeconomyfigures for 2017 exceeded SETE’s estimates. For 2018, SETE predicts that tourist numbers could reach up... for Greece as competition picks up in neighbouring destinations.
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Coalition hails multi-bill as start of clean break, opposition sees more of the same
PoliticsGreek Politicsreductions and increases to welfare spending. The coalition has also not given up... the repayment of its debts. New Democracy accused the government of trying to cover this up
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Multi-bill passed, sub-tranche released but debt relief expectations dwindling
EconomyProgrammea prolongation of up to 15 years but Greek Finance Minister Euclid Tsakalotos suggested recently.... The overall package that seems to be shaping up seems not to match the Greek government’s hopes. Apart from
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Political turbulence due to name deal creates election doubts
PoliticsGreek Politicswill intensify about how long ANEL will be able to prop up the coalition. Given that the next elections... on this sentiment by creating a new nationalist party. The aim of such a new movement would be to pick up
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Mistrust in news reporting persists amid chaotic media landscape
Society). Greeks had the highest usage of ad blockers among countries surveyed at 42 percent, up by 6 pps since... said that they had been exposed to a news story which was completely made up, after Turkey where 49
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Industrial turnover rises by 6.7 pct in April for fourth positive reading
EconomyMacroeconomywas driven by a 2.4 percent increase in manufacturing, while the index in mining and quarrying edged up... (-18.4 percent). Both of these categories make up relatively minor weightings on the index
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EC sees relief measures securing debt sustainability despite poorer growth, market access prospects
EconomyProgrammefor a surplus of 3.5 percent of GDP up to 2023, with the target decreasing gradually by 0.5... that Greece will use some of its cash reserves that were built up per the Eurogroup agreement to service its
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Eurosystem funding falls by 716 mln in May
EconomyMacroeconomyand deposit inflows. The composition of Eurosystem funding for May revealed that ECB funding made up... by 5.64 billion euros, while that for the ECB edged up slightly by 60 million euros. The BoG figures also
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IMF's Article IV conclusion outlines progress and remaining risks on road to recovery
EconomyProgrammea secondary NPE market, there is a need to accelerate the clean up of balance sheets and banks need to build up capital buffers along with further steps to mitigate liquidity and funding risks. The IMF has
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