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ELSTAT survey finds 2013 household budgets devastated, inequality persists
Societyin the rural than the urban areas. The average monthly expenditure in the urban areas fell 7.1 percent...) is 5.7 times higher than that of the 1st (333 euros). The respective ratio stood at 5.9 in 2012... compared to that (1,030 euros) of the non-poor population. Food and housing account for more than half
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Wealth in Greece plunged by 170 bln since 2007, report finds
Societyon year, but that it had fallen by more than a fifth in Greece over the last seven years. The evolution... wealth in Greece is estimated at 0.56 trillion euros, similar to that in Finland, which has less than... population than Greece. According to JB estimates, the wealthiest 10 percent of European households have
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Greek banks may soon breathe sigh of relief on capital needs
Agora. This could trim their capital shortfall by more than 2 billion euros. Citing banking sources, Ta Nea daily...’s plan indicated that the coalition believes more than 10 billion will still remain available after... of additional capital that will be needed rather than investor appetite. A similar statement was made
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Significant rises for Greek economic sentiment, consumer confidence in October
EconomyMacroeconomy(YtD) balance remains positive, showing an improvement of slightly less than 11 points from the 91.4... peaked in June at -47.7 and eased by more than 3 points since then. However, the YtD balance indicates an improvement of more than 12 points. The lowest consumer confidence figure was recorded
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Newsletter 4 - 21/11/2014
rather than negative impact on revenue collection. Its interpretation is that the huge stock of 70... months of this year, a rate of less than 150 million per month. The 2015 budget tabled in parliament on Friday foresees a primary surplus of 1.8 percent of GDP in 2014. This is lower than both the 2.3
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General gov't primary cash surplus rises to 3.4 bln in Oct but arrears also growing
EconomyMacroeconomyin the 10-month period of 2014, 2.4 times higher than the 1.43 billion posted last year, according the gg bulletin... cash deficit narrowed by more than 2.5 billion euros to 1.68 billion from 4.19 billion... in the 10-month period, with the state budget figure at 2.03 billion, making up more than half of total. Last
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Newsletter 9 - 30/12/2014
to gain any more than the 168 vote he garnered in the second round – an indication... by 0.6 percentage points in less than two weeks. The narrowing of the difference between the two parties... restructuring of more than 50 percent, most likely referring to the Greek Loan Facility/European Financial
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Samaras sets out New Democracy's plans for growth
EconomyGDP rise of more than 30 percent on the 2014 figure of 178.9 billion that would bring nominal GDP... lower than the peak of 242.1 billion in 2008. However, for this target to be achieved, nominal GDP..., tourism and agriculture are projected to contribute more than half (55 percent or almost 30
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Newsletter 12 - 23/01/2015
parties to amass 11 percent in order to secure 151 seats. percent, which is much higher than its potential... in March. In previous transactions like this, foreign investors purchased more than half of these notes... and much lower than those before the June 2012 elections. The BoG has officially stated
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Newsletter 13 - 30/01/2015
line than previous governments. The new government wasted no time in showing its domestic... surpluses of between 1 and 1.5 percent of GDP rather than the current target of 4.5 percent. What... to the eurozone, the month of December saw a deposit outflow, to the tune of 4.2 billion euros, more than
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