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Credit flow turns negative in July with outflow for corporations at 1 bln
EconomyMacroeconomyThe credit expansion in the Greek private sector kept up its recent pace in July, rising by 6.4 percent year-on-year (YoY), from 6.1 percent in the previous month, Bank of Greece (BoG) figures released on Wednesday showed. The net lending flow was negat...
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Unemployment stable at 9.4 pct in Dec, improves by 1 point in 2024
EconomyMacroeconomyGreece’s seasonally adjusted (SA) unemployment rate remained below the 10 percent mark in December, edging down marginally to 9.4 percent, from 9.5 percent in the previous month, Hellenic Statistical Authority (ELSTAT) data showed on Thursday. In Decemb...
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Current account at 1 bln surplus in Jan, goods deficit at 2.91 bln
EconomyMacroeconomyGreece’s current account was in surplus in January of 1.02 billion, from a deficit of 3.6 billion euros in December, Bank of Greece (BoG) data showed on Monday. In January 2024, the balance showed a surplus of 1.8 billion euros. The Bank of Greece notes...
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Significant post-election economic challenges await Greek coalition
Economy-tranche of 6.3 billion in late April. The remaining two sub-tranches of 1 billion each are due...) to 1 percent constant for the next 50 years. This could result in total savings of 25 billion (14... of interest payments on GLF loans for 10 or 20 years, similarly to those previously applied to EFSF loans
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Greece's new finance minister lines up for a marathon (and several short sprints)
PoliticsGreek Politicsunlikely to be in a position to claim its next bailout tranche of 1 billion euros as it has not yet... (GLF) variable rate (currently at Euribor plus 50 basis points) to 1 percent constant for the next 50.... The government’s plan also incorporates the deferral of interest payments on GLF loans for 10 or 20
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Newsletter 3 - 14/11/2014
shortfall of 1 billion. It is not yet clear how the troika projected that figure, since the general... fiscal gap at around 1 billion and there is expected to be some communication between the two sides... overdue by 1 October 2014 cannot be included in the settlement. Such tax obligations mainly relate
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Newsletter 8 - 19/12/2014
could be held on January 25 or February 1. Dimas in a short period of time. The fact remains..., that all the parties have their eye on early elections, which could be held on January 25 or February 1... in the 10-month period. Of this, 1 billion was recorded in January, while time deposits posted inflows of 2
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How SYRIZA says it will fund its economic policies
Economyby the following four funding sources: 1) Utilization of the Hellenic Financial Stability Fund (HFSF) capital... private debt (2 billion) and the establishment of new banks (1 billion). However, the use of HFSF... target. 3) Settlement of unpaid taxes. SYRIZA expects more than 20 billion euros of the outstanding
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Eurosystem funding for Greek banks shoots up by 11.2 bln in December
EconomyMacroeconomyin December reflects the combined effect of: 1) Deposit outflows of circa 3 billion in December, which...) Higher haircut on state-guaranteed ECB collaterals which reduced the system’s liquidity by almost 1... of collaterals with a cash value of more than 20 billion. The latter reflects an ECB decision back
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Greek gov't tables draft law on installments for unpaid taxes: Here's what's in it
EconomyMacroeconomythe collectability of public revenues. Tax arrears created until March 1 2015 may be included... intto the regular tax collection process. The minimum installment is reduced to 20 euros per month (from... security contributions past due until February 1, 2015. There is an elimination of penalties
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