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Eurosystem funding drops by 1.45 bln in March as ELA reduction offsets ECB rise
EconomyMacroeconomywas entirely driven by a fall in Emergency Liquidity Assistance (ELA) funding by 1.50 billion euros... the agreement of the third bailout programme. The majority of the subsequent fall (73.22 billion) comes... system grew. The steady fall in banknotes in circulation in recent months signals an improvement
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Newsletter 161 -11/05/2018
in March Substantial drop driven by exports rising as imports fall Greece’s trade deficit shrank by 23.1 percent in March, building momentum on February’s fall of 16.6 percent, according to data from... year showed a YoY fall of 17.9 percent in the trade deficit, which landed at 5.34 billion
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GDP up by 2.3 pct year-on-year in Q1 on strong export growth
EconomyMacroeconomyyear, private consumption fell by 0.4 percent in Q1, easing from the previous quarter’s fall of 0.8.... The aggregate figure for the first three months of the year showed a YoY fall of 17.9 percent in the trade... percent YoY. On an annual basis, the current quarter represents the first fall in imports after six
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Unemployment rate stable at 21.2 pct in Q1
EconomyMacroeconomymostly by a fall in the number of unemployed by 5,653 quarter-on-quarter, along with a fall also.... The rate among the 15-19 year age group declined fastest compared to the same quarter last year with a fall
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The race to reduce Greece's bad loans
EconomyBankingbillion in Q1. Parent NPE stock is anticipated to fall by 34 percent between March 2018... at 25.9 billion by the end of the year, and to fall further to 20.3 billion by the end of 2019... billion by the end of 2019. NPLs are targeted to fall to 13.4 billion by the end of this year
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Newsletter 167 -22/06/2018
in Luxembourg provides him with a platform to preach this message as it did not fall below the expectations... in May Expenditure increases during the month as revenues fall Greece’s central government primary... in the turnover index in mining and quarrying, reversing the fall of the previous month. The turnover index
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Eurosystem funding falls by 4.56 bln in June to 16.31 bln
EconomyMacroeconomyfallen by approximately 17.37 billion. The decline was almost evenly split between a fall... this, the majority of the fall (79.45 billion) originated from a lower reliance on ELA funding.... The steady fall in banknotes in circulation in recent months signals an improvement in sentiment as Greece
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Budget primary surplus confirmed at 635 mln in June on lower spending
EconomyMacroeconomyto 6.52 billion, below target by 285 million. This was driven largely by a 2.2 percent fall in income... by 272 million euros. Interest payments continued to fall for a fifth consecutive period, declining... million. The MoF noted that the decline in expenditure was mainly due to a fall in grants to hospitals
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General govt primary cash surplus at 1.45 bln in June as expenditure picks up
EconomyMacroeconomy-on-month declines were seen in five out of the six underlying subcategories. The biggest fall came... of the total). Bonds showed a fall of 25 million to 53.44 billion, making up 15.5 percent of the total. Repos... notably by 2.96 billion to 19.33 billion. The fall was almost entirely driven by a 2.25 billion euro
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Apartment prices increase by 0.8 pct in Q2 for first rise since Q4 2008
EconomyMacroeconomy. Compared to the previous quarter, apartment prices rose by 0.7 percent versus a fall of 0.3 percent... to a fall of 0.3 percent in Q1. Properties up to five years old saw price increases of 0.9 percent.... The biggest annual fall was posted in 2012 (-11.7 percent), followed by another double-digit drop
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