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Greece to recover at least 30 of 50 bln it borrowed to bail out banks, says HFSF chief
EconomyBankingaccording to the fund’s Q1 2014 financial statements. The drop of the value of HFSF shareholdings... merger, preferring there to be four strong pillars in the local banking system even though the HFSF... to this year’s issue price, “which is a strong indication that the transaction was carried out
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Greek cash deficit to July narrows 78.3 pct to 1.72 bln
EconomyMacroeconomyimprovement compared to the 6-month underlying growth rate of 1.6 percent and is attributed to the strong...’ contribution to ESM - the underlying figure showed a single-digit drop of 6.1 percent to 28 billion... to the exceptionally strong PIB surplus of 1.86 billion posted in July 2013, while PIB posted a deficit
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Tourist arrivals up 23.5 pct in October as 2014 overall target rises to 23 mln
Economythe strong growth figures, SETE highlights two encouraging trends of the evolution of this year’s... period. The deviation is attributed to a drop in the travel spending per tip by 8.6 percent to 617..., mainly led by strong tourism.
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Greek travel receipts continued upward course in October, rising by 4.6 pct
EconomyMacroeconomy. In contrast, the drop in arrivals from Russia accelerated to -45.6 percent in October from -17.2 percent... to 20.83 million. Nevertheless, that strong performance was counterbalanced by a 9 percent fall... are seen at 14 billion for 2014. Although all current indications point to another strong tourism
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Relief at Greek extension approval evident in Athens bourse, bond yields
Economyat 937.96. Following Tuesday’s strong performance, Greek shares now record gains of 11.6 percent in the post... session and reached 253 million, suggesting that the strong market rebound was also supported... where there was a sharp drop of the Greek government bond (GGB) yields particularly in the short
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Newsletter 31 - 19/06/2015
The Turnover Index in Industry fell by 2.3 percent in April for the sixth straight monthly drop. The decline... predecessor, right-wing Antonis Samaras, faced strong criticism after cutting the wages of military... as the defence minister’s vision of a strong military does not come cheaply. One of his first moves as defence
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Car registrations resume upward trend in August rising by 20.1 pct
EconomyMacroeconomyAfter a short-lived drop by 23.9 percent in July, the number of road motor vehicles (going.... Despite the strong upward movement in 2014, that year’s figure of 102,359 still implied a cumulative nosedive by 70 percent over the 2008 figure of 347,354. The strong growth rates (+27 percent) posted
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Travel receipts up 17 pct in May as average expenditure per trip rebounds
EconomyMacroeconomybillion, up 20.6 percent continuing its strong growth in the course of this year. This is fully... a drop in the average non-resident travel spending per trip by 8.7 percent to 470 euros. The breakdown of inbound tourist activity showed strong growth rates in arrivals from the UK (+45.6 percent
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On the Greek crisis and German imbalances
Agorathe leading economists in the world) have been taking a strong stance towards Germany lately... explain the much smaller drop in real output facilitated by speedy internal devaluation at much... than was the case for Cyprus. This author had taken a strong stance against this advice for the case
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Portuguese election: Where those who lost may decide
Agorafueled by low oil prices; and the positive external balance was achieved through a strong reduction... rate in Portugal will drop this year almost 1 point compared to April estimates, although growth... process, is looking for survival. Starting from within his own party, which is showing already strong
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