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  1. Draft 2022 budget represents first attempt to restore post-pandemic fiscal order

    EconomyMacroeconomy

    of fiscal order returning based on the draft budget submitted to Parliament on Monday. Using the enhanced... will be trimmed substantially next year to just 2.9 billion euros. The draft budget outlines that revenues

    4%

  2. ND tries to swerve fresh graft claims as EP scandals, phonetapping hang over budget debate
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    upset the balance. As lawmakers enter the final stretch of the budget debate in Athens, the tit... on the budget, before attacking ND’s record on the economy. While government sources are hinting

    4%

  3. PASOK tries to take initiative in budget debate as SYRIZA exodus continues
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    The debate about the 2025 budget is due to begin in Parliament on Wednesday amid an ongoing tug-of-war between the government and the main opposition party, PASOK, over interventions in the banking sector. The socialists have attempted to upstage the government ahead of the budget debate, which

    4%

  4. Slight rise in deposits for March but outflows at 2.2 bln for 2014

    EconomyMacroeconomy

    Greek private sector deposits rose 0.3 percent month on month (MoM) in March, with balances reaching 161.05 billion euros, according to the Bank of Greece (BoG). Net flow turned positive for the first time since December with inflows amounting to 501 mi...

    4%

  5. Eurosystem funding drops by 2.2 bln in May, mostly on further decrease in ELA reliance
    Photo by MacroPolis

    EconomyMacroeconomy

    Greek banks’ Eurosystem funding fell for the 23rd successive month in May, when it dropped by another 2.22 billion euros, the Bank of Greece's (BoG) monthly financial statement revealed on Thursday. In the previous month, it dropped at a slower pace of ...

    4%

  6. Credit contraction slightly accelerates to 1 pct in May on deductions of 395 mln
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    to 159 million in May, extending the five-month figure to 812 million. The balance decreased to 60.45

    4%

  7. Lower yields for short- and long-term borrowing boost Athens
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    ratio of 2.81. The PDMA accepted 812 million euros for an auctioned amount of 625 million. The yields

    4%

  8. General gov't cash surplus widened to 2 bln in January

    EconomyMacroeconomy

    bodies showed a surplus both at primary and balance level with the state budget being the higher... also rose by 100 million month on month to 790 million euros and account for 16 percent of total... by the state indicated in the January budget execution figures. State arrears declined by 4.77

    4%

  9. Greece lays out plans for debt relief from eurozone
    Photo by MacroPolis

    EconomyProgramme

    servicing were decided at that Eurogroup and included: a) Lowering by 100 basis points (bps) the interest...’s budget with less than 500 million due to its already very favourable interest rate. Alternative... financing path and will impact the Greek budget at the time that resumption of payments is scheduled

    4%

  10. What are Greek coalition's plans for privatisation programme?
    Photo by Harry van Versendaal

    Economy

    Port Authority, and 100 percent of Trainose (operation and management of railway activities). In addition, the 2015 budget indicated the previous government would step up the privatization process... in Athens International Airport (AIA) and 90 percent in Hellenic Post. According to the 2015 budget

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