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The state of play with Greek banks' liquidity
Economy. It should also be noted that Greek banks hold EFSF bonds of 38 billion, which mainly stemmed from... reportedly rose close to or above 66 billion by the end of January, mainly reflecting the deposit outflows.... Thus, Greek investors (mainly banks) have to cover the foreign share in the new issues, which
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Greek Q4 GDP down 0.2 pct QoQ, 2014 nominal GDP stays in recession
EconomyMacroeconomy. The slowdown of domestic economic activity in Q4 is mainly attributed to the political uncertainty... year, SA GDP at current prices fell 1.9 percent to 178.8 billion euros, mainly reflecting the above 3.... This mainly results from a nosedive in disposable income by 27.1 percent stemming from heightened
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Greek funding needs add to pressure in talks between Athens and lenders
EconomyProgramme, obligations rise to 2.5 billion, mainly due to another payment to the IMF of 1.42 billion. Overall, total... – mainly banks – increasing their take up close to 100 percent from around 40 percent until November... but mainly on the debt sustainability analysis, is a key area of conflict with international creditors
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Greece sets out broad reform plan for lenders' approval
EconomyProgrammeand statics 4) Humanitarian crisis, which mainly relates to the first pillar of SYRIZA Thessaloniki... government departments mainly targeting budgetary processes, management restructuring... programme addressing the needs from the recent rise in absolute poverty mainly related to inadequate
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Greek manufacturing PMI virtually unchanged in Feb as uncertainty bites
EconomyMacroeconomywas the fastest since October 2013, mainly due to a further loss of new orders. The latest drop... with the deteriorating supplier performance seen since December. Slower lead times in a number of cases were mainly due... in January. According to panellists this mainly reflected the depreciation of euro particularly
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After paying IMF, Greece looks to cover remaining funding needs for March and April
EconomyProgrammeΤhe government has covered a large part of its funding needs for March, which mainly comprised... that the Finance Ministry is mainly working on using existing sources to meet its obligations rather than to opt... in question mainly involve 700 million euros from IKA (the largest Social Security Organisation), 450
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Greek current account deficit widens to 847 mln in Jan as exports fall further
EconomyMacroeconomyin the travel surplus, which more than doubled YoY to 10.63 million. This mainly reflects an increase..., residents’ external assets posted a net increase of 1.3 billion mainly reflecting a rise of 2 billion.... It is noteworthy that under other investment, a net increase of 9.7 billion was posted in assets, mainly
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Greek PMI edges up in March but exports, factory output fall
EconomyMacroeconomymonth in a row at a pace broadly unchanged from February’s 19-month record rate. This mainly reflected... was maintained for the fourth consecutive month mainly reflecting higher employment in the consumer goods... for steel and imported items. At the same time, manufacturers lowered their output prices mainly due
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Updated Greek reform proposals see 2015 primary surplus reaching programme target 3 pct
EconomyProgrammepolitical uncertainty. The domestic economy is expected to expand by 2.9 percent in 2016 mainly led..., mainly stemming from public tender/auctions for TV licences (350 million) and regulation of e-gaming..., which are mainly related to the reintroduction of the 13th pension for low-income pensioners (cost
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Budget primary surplus up to 1.73 bln in Q1 as gov't holds back expenditure
EconomyMacroeconomyfell 12.3 percent to 1.15 billion euros in March, mainly due to the lack of property taxes - the last..., 514 million short of target mainly due to lower revenues from direct tax arrears and income tax... billion down 5.3 percent and 1.18 billion below target. The significant outperformance to date mainly
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