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Eurosystem funding for Greek banks up by 3.56 bln in May to reach 116.4 bln
EconomyMacroeconomyfrom 76.9 billion on April 29. Throughout this period, the ELA liquidity buffer remained stable at 3... December 2014 to more than 88 billion currently, reflects: 1) Replacement of ECB with ELA funding
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Retail turnover fall accelerates to 3.3 pct in April
EconomyMacroeconomypercent in April after a short-lived rise by 1 percent in March. The breakdown of April retail sales..., which eliminate the impact of monthly seasonal effects, showed a drop in retail trade by 3 percent
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IMF urges substantial debt relief for Greece
EconomyProgrammeestimates still remain subject to three marked downside risks related to: 1) Medium-term primary... for a third bailout programme. 3) Bank support would be the third funded rescue in the last five years
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Bank holiday to end but capital controls remain and some transactions forbidden
Economyclosed for 3 weeks (since June 29). Over that period, around 1,000 branches were operating mostly... 30. It will be raised to 13 percent as of October 1. The legislative decree also extended
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Disposable income up by 2.6 pct in Q1 for highest reading since 2009
EconomyMacroeconomy, at a slower pace compared to the above 3 percent growth in the preceding two quarters. However, the absolute... than 47 percent in the past six years. Household final consumption slipped by 1 percent, after easing
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IOBE think-tank sees recession of up to 2.5 pct this year, milder in 2016
Economywell ahead of the completion of the new programme. Key preconditions for such a development are: 1... to attract incremental new funds. 3) The implementation in a more effective manner of the new programme
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Agreement on third bailout with revised fiscal and macro targets, host of prior actions
EconomyProgramme: 1) Gradual elimination of grandfathering to statutory retirement age and early retirement pathways... relating to unpaid tax and social security obligations. 3) Comprehensive plan for bank recapitalisation
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Greek government commits to new fiscal measures for third bailout
EconomyMacroeconomyfor 2016-19. Among others, the latter will include: 1) The second phase of pension reforms 2) Reform of the income tax code 3) Gradual abolition of farmers’ preferential treatment with their new tax rate
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Greece commits to ambitious privatisation targets as part of new bailout
EconomyProgrammeprior actions: 1) Announce binding bid dates for Piraeus (OLP) and Thessaloniki (OLTH) port... (consortium led by Fraport AG). 3) Conclude around 20 selected pending actions (not specified
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Record revenue shortfall of 2.83 bln in July shrinks primary surplus outperformance
EconomyMacroeconomyby 2.83 billion. This is mainly attributed to: 1) SMP and ANFA income of 1.46 billion... in the first instalment payment, which was targeted above 800 million 3) Non-assessment
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