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As Bank of Greece lines up Stournaras to take over, it reveals how risky things got during crisis
EconomyMacroeconomythe June 2012 elections and the direct impact of heightened sovereign and political risk on money... the period 2007-09 stood at 112 million. The extended deposit outflows had a direct impact... billion euros have returned to Greek banks, while additional inflows of 2.2 billion were recorded
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August sees third Greek C/A surplus in a row, reaching 1.82 bln
EconomyMacroeconomyan increase of the C/A surplus by 2.2 billion YoY on a comparable basis. The widening of the 8-month C... transfer receipts from the EU. BoG’s data did not reveal any material non-resident’s direct investment... to the end-July figure. This showed a net inflow of 1.1 billion, while residents’ direct investment
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Tourist arrivals up 23.5 pct in October as 2014 overall target rises to 23 mln
Economyat 2.5 million for the whole year from 2.2 million in 2013. The better than expected figures in all... euros in the 8-month period. SETE did not upgrade yesterday its revenue estimates, which call for direct... Conference on October 21, its chairman Andreas Andreadis noted that tourism’s direct and indirect
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Greek current account deficit widens by 32.4 pct in November despite services surplus
EconomyMacroeconomyreceipts from the EU. The released data also displayed non-residents’ direct investment in Greece...’ investments showed a net inflow of 1.4 billion, whilst residents’ direct investment abroad posted... of 2.2 billion from non-resident’s investments. The latter reflects a significant inflow in Greek
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Greek current account deficit widens by 27.4 pct in Feb
EconomyMacroeconomyfrom direct investment abroad rose by 35 million in February and 76 million in the 2-month period, while the corresponding liabilities that represent non-residents’ direct investment in Greece did... of foreign bonds and T-Bills. Furthermore, resident’s net external liabilities dropped by 2.2 billion
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Signifcant underspend covers revenue shortfall for budget primary surplus to August
EconomyMacroeconomyOctober. The detailed breakdown showed direct taxes jumped 43.9 percent to 2.06 billion in August... to just 39 million. For the 8-month period, direct taxes are down 9.3 percent to 11.53 billion... markedly dropped by 55.1 percent in August, the 8-month figure still indicates a modest rise by 2.2
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Newsletter 61 - 05/02/2016
2.2 million Syrian refugees have fled to its regions along the border. The approximation of costs... estimated that the direct costs of the impact of the refugee crisis on the country’s fiscal position... prospects. Apart from the direct economic charges and fiscal impact, there are also political costs
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Newsletter 68 - 01/04/2016
this week. It is understood that this would be covered by interventions in the pension system, direct... payments. The picture is clearer on direct taxes where the finance ministry and the mission chiefs have... at an accelerating pace of 3.8 percent. Retail volume also declined by 2.2 percent. The fall
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Current account deficit narrows by 45 pct to 804.3 mln in Feb
EconomyMacroeconomyyear. Financial account The financial account under direct investment did not display any remarkable transaction in February. For the 2-month period, residents’ net assets from direct investment abroad... eurps, mainly due to an increase in their holdings of foreign bonds and T-Bills by 2.2 billion
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Current account surplus almost doubles to 1 bln in June
EconomyMacroeconomyarrivals by 1.6 percent. Financial account The financial account under direct investment posted a decline of 2.2 billion euros in June mainly due to the sale of NBG’s stake in Finansbank. For the 6-month period, residents’ net assets from direct investment abroad notably dropped by 1.6 billion, while
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