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  1. Eurosystem funding drops by another 2.8 bln to 101.4 bln in March
    Photos by Dennis Skley via Flickr https://flic.kr/p/qcppmH

    EconomyMacroeconomy

    Greek banks’ Eurosystem funding fell for the ninth successive month in March at an accelerating pace of 2.78 billion euros after dropping by 1.86 billion in February, Bank of Greece's (BoG) monthly financial statement showed on Wednesday. The absolute figure landed at 101.45 billion, which

    4%

  2. Current account deficit narrows by 45 pct to 804.3 mln in Feb

    EconomyMacroeconomy

    to that of exports (-7.1 percent). In absolute terms, the goods’ deficit landed at 1.45 billion euros

    4%

  3. Underspend and improving revenues lead to budget primary surplus of 2.67 bln in Q1
    Photo by MacroPolis

    EconomyMacroeconomy

    of just 15 million in Q1, well below target of 193 million. PIB PIB revenues landed at just 32 million

    4%

  4. Credit contraction slows to 2.1 pct in March, loan deductions fall to 146 mln

    EconomyMacroeconomy

    . Housing loans landed at 66.61 billion euros on net deductions of 214 million. They have remained

    4%

  5. Greek stocks fall 3.7 pct during week on inconclusive discussions with lenders

    Economy

    , the Athens Stock Exchange general index traded below that level throughout the week and landed

    4%

  6. Trade deficit shrinks by sizable 23.7 pct in March
    Photo by Håkan Dahlström via Flickr https://flic.kr/p/5MQQVH

    EconomyMacroeconomy

    landed at 3.63 and 2.1 billion respectively in March resulting in a trade deficit of 1.54 billion

    4%

  7. Unemployment up for second straight quarter to 24.9 pct in Q1
    Photo by MacroPolis

    EconomyMacroeconomy

    (25-29 years old), where the unemployment rate landed to 35.9 percent, down almost 4 pp from last

    4%

  8. Five-month budget primary surplus of 2.27 bln, revenues outperform in May

    EconomyMacroeconomy

    landed at 195 million in May from 339 million in April. As a result, the PIB balance recorded

    4%

  9. In updated DSA, EC sees Greek debt as unsustainable if no relief measures implemented
    Photo by Sebastien Bertrand via Flickr https://flic.kr/p/7ZRenG

    EconomyProgramme

    In its compliance report for the first programme review, the European Commission (EC) included an updated debt sustainability analysis (DSA). This takes into account the milder recession and higher fiscal outcome in 2015 and lower bank capital needs. As a result, Greece’s debt to GDP ratio landed

    4%

  10. Trade deficit climbs for second straight month in May, rising by 12.5 pct
    Photo by Harry van Versendaal

    EconomyMacroeconomy

    the imposition of capital controls. In absolute terms, imports and exports landed at 3.53 and 2.02

    4%