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What is driving the Greek housing market's recovery?
EconomyFeatureseconomy is returning to normality after the decade-long financial crisis. On the other hand, policy... challenges facing the Greek economy, and also recommended measures to protect against excessive... respects. First of all, price increases have significantly outpaced growth in the economy as a whole
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Newsletter 433 - 20/09/2024
an overhaul of the country’s economy and administration. He also argued that he is the unity candidate... more than 4 pct support. The race has not captured much of the public’s imagination so far... of living, low spending power and incomes and the performance of the economy overall. These issues amount
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New data shows 6.2 pct of Greek labour force in gray area
EconomyMacroeconomy. According to standard definitions and measures of unemployment, a population is classified in three... labour force because by the standard definition they are defined as inactive and are not measured.... If added to the already devastating 27 percent who are unemployed according to the standard definition
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Greek primary cash surplus reaches 1.8 bln in H1 2014
EconomyMacroeconomyperiod, we conclude that 1.03 billion of new state arrears have been created so far in 2014. Debt... at the end of June from 321.48 billion at the end of 2013. The evolution so far in 2014 indicates a net... and then reached 1.1 billion euros in April, 4 billion in May and 3.2 billion in June, is most likely
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November sees highest MoM drop in employment as headline figure remains at 25.8 pct
Economyreflects a MoM drop in the number of employed and jobless by 0.8 and 1.1 percent respectively... so far in 2014. In contrast, the MoM change in the number of jobless is the sixth successive... the 15-64 age groups, it is also the only one that has not shown any sign of de-escalation so far
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Eurogroup leaves Greece in limbo, with liquidity drying up
PoliticsGreek Politicsthe "progress that has been achieved so far" in negotiations but said that "more time and effort are needed... consequences. The governing council decided on Tuesday to increase Greece's ELA limit by 1.1 billion... local authorities) have been transferred to the Bank of Greece so far to alleviate cash crunch concerns
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Eurosystem funding for Greek banks up by 5.6 bln in Apr, reaches 112.8 bln
EconomyMacroeconomyso far in May, by 2 billion on May 6 and by 1.1 billion on May 12 taking it to 80 billion. Bank... in the first two weeks of May. The increase in the ELA funding in April and so far in May most likely
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Credit contracts at slower pace of 1.7 pct in June, monthly loan flow positive
EconomyMacroeconomydecelerated to 0.5 percent in June from 1.1 percent in May, indicating the slowest decrease since... million in the first half of the year with four positive monthly readings so far this year. However... to 69 billion in June on net deductions of 78 million, the lowest negative reading so far in 2015
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Marked improvement for budget execution in Oct, primary surplus outperformance extended
EconomyMacroeconomyof 4.68 billion euros is the second highest so far this year and incorporates the payment of the first... billion in each of the last two months of the year. Taking into account the revenue performance so far... fees of 1.1 billion due to paid in December. Tax refunds remained stable month on month (MoM) at 256
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Marked rise in expenditure leads to a budget primary deficit in Nov
Economytargeted at 1.1 billion, the 2015 revenues will probably miss the target for yet another year. Tax... by 38.2 percent in November to 4.47 billion euros, which is by far the highest monthly reading so far this year, and stands almost 1 billion above the monthly target. As a result, the year to date
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