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  1. Newsletter 432 - 06/09/2024

    Newsletters

    spending on health and education to the tune of 1 billion euros, pension increases which will absorb another 1 billion euros, and defence procurement. The Finance Ministry is hoping that the European... increased by 0.8 pct. Exports of goods were up by 5.2 pct QoQ and services exports increased by 1 pct

    13%
  2. Public debt at 402.11 bln in Q1, total cash reserves exceed 40 bln

    EconomyMacroeconomy

    , while short-term (up to 1 year) and medium-term (1 to 5 years) debt accounted for 16.5 percent and 8.4... at 365.8 billion euros, up by roughly 1 billion euros. State guarantees came to 25.73 billion euros

    13%
  3. Greece reignites energy alliance talks with Israel and Cyprus amid US interest
    Photo by Aris Roupinas via https://www.pio.gov.cy/en/

    PoliticsForeign Policy

    countries are due to meet in Athens under the “3+1” format, with the participation of their American... time, it is seeking to convince Washington to reactivate the “3+1” energy partnership at the foreign... for both Athens and Washington is Libya. The US is already including the North African country in a 4+1

    13%
  4. Central government debt rises to 406.18 bln in Q4 as repos increase
    Photo by MacroPolis

    EconomyMacroeconomy

    -term (up to 1 year) and medium-term (1 to 5 years) debt accounted for 19.1 percent and 9.4 percent respectively. Greece’s cash deposits decreased by roughly 1 billion to 16.19 billion. The general

    13%
  5. Does new troika visit spell fresh drama for Greece? Maybe not

    Economy

    of 1 billion euros. Troika inspectors will check whether 12,500 civil servants have been placed... disbursements/financing schedule, the IMF is due to receive a 1 billion repayment of its loans to Greece

    12%
  6. Q3 unemployment in Greece still at 27 pct despite strong tourism season
    Photo by Harry van Versendaal

    EconomyMacroeconomy

    in the past) increased to 23.3 percent (from 23 percent in Q2). The rise in the ‘long-term’ (>1 year... in 2013 also easing by 1 percentage point in 2014, with the Bank of Greece also estimating a similar drop

    12%
  7. What do EBA tests reveal, or fail to highlight, about Greek banks?
    Photo by Harry van Versendaal

    Economy

    half results in August. In particular, Alpha EBA Core Tier 1 (CT1) ratio was disclosed by EBA... limited (up to 1 billion euros each), except National holding Titlos, a 5.1 billion euros nominal

    12%
  8. October C/A deficit drops to 351 mln, down 39.1 pct over year

    EconomyMacroeconomy

    , the Ministry of Finance and the troika were calling for a C/A deficit of between 1 and 2 percent of GDP... [link to post] published on December 17, point to a surplus of 1 percent of GDP in 2013 rising to about

    12%
  9. A third of Greek homeowners fear losing their properties in 2014

    Society

    Roughly one in three Greeks fears losing their home in 2014 despite the restrictions on foreclosures the government has kept in place for the New Year. As of January 1, Greek banks have more leeway... 1 million Greek households are paying mortgages, meaning that 168,000 owners are failing to pay

    12%
  10. C/A balance positive by 1.4 bln to Nov, 2013 surplus in sight

    EconomyMacroeconomy

    by the BoG, the Ministry of Finance and the troika were calling for a C/A deficit of between 1 and 2... published on December 17, point to a surplus of 1 percent of GDP in 2013 for the first time in Greek

    12%