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How Greek banks were left on the brink
Agora(20 percent of household and corporate outflows until March) were placed, mainly from households... used the EFSF bonds they received during their first recapitalisation process, which were mainly... in the second half of last year. This was mainly evident in the housing loan segment, where borrowers
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Greek C/A deficit shrinks by 17 pct in April as imports drop faster than exports
EconomyMacroeconomythat this improvement mainly reflects lower net payments for ship purchases, while the net oil... in the first-quarter performance, the deterioration of the C/A balance by 830 million YoY mainly... eased by 6.7 percent to 2.58 billion mainly due to declining net transport and other services receipts
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Current account in surplus for 2nd straight month in June but down 20 pct on 2014
EconomyMacroeconomy, according to the Bank of Greece (BoG). The YoY deterioration mainly reflects a widening... import bill. The latter mainly reflects halving oil exports coupled with a slight increase in oil imports... year, mainly derives from higher net investment income payments coupled with lower net other primary
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Newsletter 47 - 16/10/2015
adjustment should come from cutting public spending, mainly through reducing the size of the state sector...) in the second quarter of 2015. The QoQ increase for the second consecutive quarter mainly reflects... reading so far this year. The negative result mainly reflects a marked rise in public investment budget
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Government tables 2016 budget, upgrades GDP forecasts but leaves fiscal estimates unchanged
EconomyMacroeconomypercent in property taxes, mainly related to the delayed payment of ENFIA. For 2016, direct taxes... taxes are also expected to improve by 3.5 percent. The anticipated higher revenues in 2016 mainly... for the 2-year period mainly relate to: contributions to social security organizations (1.11 billion), largely
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Current account turns to a surplus of 314 mln in Oct on contracting goods deficit
EconomyMacroeconomymillion last year. The breakdown shows that the drop in the goods deficit by more than a third mainly...’ surplus mainly resulted from lower net transport receipts, while travel receipts also decreased by 4.1... euros in October, mainly stemming from a rise in residents’ holdings of foreign bonds and T-Bills
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Current account deficit falls to 780 mln in Dec and 7.5 mln in 2015
EconomyMacroeconomythat the drop in the goods’ deficit mainly stems from a 14.6 percent decline in imports. Exports fell... mainly reflecting an inflow of 350 million related to Fairfax’s participation in Eurobank capital... investment, residents’ external assets increased by 5.4 billion euros in December mainly due
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Current account surplus at 842.3 million in June, assisted by services balance
EconomyMacroeconomyby 67.5 million year-on-year, driven mainly by deficits of 114.3 million and 151.1 million... by 114.3 million euros is attributable mainly to lower net receipts. The worsening of the secondary income account deficit by 151.1 million was driven mainly by a deterioration in the general government
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Current account surplus at 1.57 billion in July, pushed by services balance
EconomyMacroeconomyby 213.3 million euro year-on-year and was mainly driven by a rise in the services balance which... income, the BoG stated. The 41.7 percent easing of the deficit in the secondary income account is mainly... in the goods deficit, which totalled 10.70 billion euros, stems mainly from an increase in the deficit
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June current account shows surplus of 208.8 million as imports outpace exports
EconomyMacroeconomywas driven mainly by an increase in imports which outstripped exports. This in turn stemmed mainly from... was mainly driven by the deficit of the balance of goods worsening by 744.7 million, along... bonds and T-bills. A net decrease in liabilities for the month was mainly due to a 815-million-euro
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