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Settling rising private debt? The IMF has some ideas
Economyas companies concentrate on deleveraging and repairing their balance sheets. · Overleveraged households... sector’s balance sheet. Removing uncertainty and in some cases providing debt relief will have... or reforming the personal insolvency frameworks is to balance the desire to provide debt relief
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UnLuCky for some: Another painful lesson from the euro crisis
Agorathe damage on the economy and employment than had been thought initially. When this was combined...), and the progress with external rebalancing has come at the expense of internal balance, notably sharply... have to go through the painful process of restoring balance, reducing current account deficits
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Newsletter 171 -20/07/2018
rather than making a break from the past. This argument will seem much less convincing if Tsipras... on the fact that before the recession began the economy dominated by small firms, rather than larger... expenditure and slightly higher revenues The budget primary balance came to a surplus of 617 million
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C/A deficit to April narrows by 34.7 pct boosted by services
EconomyMacroeconomyis excluded, the trade balance showed an improvement since the drop in imports was higher than... in the trade and current transfers’ deficits by 184 and 33 million respectively more than offsetting... million is mainly due to an improvement of the transport services balance on lower transportation
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Greek current account deficit grows in Dec, 2014 surplus at 1.66 bln
EconomyMacroeconomyGreece's current account (C/A) balance showed a deficit for the third successive month in December, when it reached 870 million euros, which was more than 3.5 times higher than last year’s figure... services balance, while travel balance turned negative posting a deficit of 27.9 million euros
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Credit contraction slows again in Nov, falling to 1.3 pct on additions of 62 mln
EconomyMacroeconomybalance down by more than 23 percent over this period. The biggest rate of decline over this period has... additions in November, the total outstanding loan balance edged up to 198.5 billion from 198.17... percent lower than last year’s figure of 3.5 billion. The breakdown of the November lending flow showed
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Number of new companies registering in 2016 half of those in 2008
Economyclosures reached 35,159, which produced a negative balance of 6,544. Four years ago, the respective balance was positive at 2,170, as 42,803 companies were established versus 40,633 firms that closed in 2012. The negative balance in 2016 largely reflects a sharp drop in the number of new companies
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Credit contraction slows to 1.3 pct in March on net additions of 307 mln
EconomyMacroeconomyof 2011, Greece remains persistently in credit contraction, with the loan balance down by more than one..., the balance eased to 93.43 billion. The flow in loans to sole proprietors and farmers turned positive in March for the first time since June 2016, with net additions of 77 million. The balance edged down
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Credit contraction slightly accelerates to 1 pct in May on deductions of 395 mln
EconomyMacroeconomyto 396 million, while the loan balance fell to 93.15 billion. Loans to sole proprietors and farmers... in the previous month.The balance edged up to 13.14 billion. In contrast, deductions in the housing sector.... The balance dropped to 86.02 billion. Since the beginning of the year, net deductions stood at 919 million
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Newsletter 136 - 20/10/2017
out that Greece’s neighbour is Turkey, which can be “unpredictable” and “aggressive” rather than.... Nine-month primary balance at 4.50 bln Revised ELSTAT data reveals that economy went into mild recession in 2016 The budget primary balance recorded a surplus of 4.50 billion euros in the first nine
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