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The immediate economic and financial hurdles for the new Greek government
EconomyProgrammeforeign investors refrain from such an investment since December. This also implies that Greek banks... the weak outcome in December when revenues fell by almost 18 percent. At the same time, unpaid tax obligations reached 1.3 billion in December with the full year figure ending at 13.8 billion, while
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Greek economic sentiment down in January but consumer confidence rises
EconomyMacroeconomy, when it fell by 3.8 points to 95.3 from 99.1 in December, according to the European Commission (EC... in January from -53.9 in December. The increase in January more than offset a drop of 4 points posted in December, thereby underlining the high volatility of this indicator. Consumer confidence fell
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Newsletter 13 - 30/01/2015
to the eurozone, the month of December saw a deposit outflow, to the tune of 4.2 billion euros, more than... and investors. Big drop in deposits There was a big drop in private sector deposits in December. They fell... straight month in January, when it decreased by 3.8 points to 95.3 from 99.1 in December, according
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In effort to reach new deal, Greek government cannot ignore liquidity constraints
EconomyProgrammebillion euros in December mainly stemming from time deposit outflows of 6.2 billion, while savings...-December balances. The dame sources note, though, that withdrawals have eased in the post-election...’ take up stood at around 60 percent before December, however it has disappeared in the aftermath
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Travel receipts up by 1 pct in Dec but balance in deficit of 27.9 mln
EconomyMacroeconomyGreece's travel receipts rose by a mere 1 percent year on year (YoY) in December from 30.7 percent.... As a result, the December travel balance turned to a deficit of 27.9 million from surplus of 20.8 million last year. The modest rise in travel receipts in December is entirely attributed to soaring
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Greek credit falls by 2.9 pct in Jan as lending balances reach 214 bln
EconomyMacroeconomythan the 3.1 percent recorded in December, according to the Bank of Greece (BoG). The January rate... in December. The monthly increase is fully attributed to the impact of the euro depreciation... net deductions accelerated to 420 million in January from 117 nillion in December. Housing loans fell
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Minor changes in Greek time deposit rates, higher movements in corporate loans
EconomyMacroeconomy), falling to 1.8 percent from 1.82 percent in December, according to the Bank of Greece (BoG... down since then. However, due to the extended deposit outflows of 17 billion euros in December... euros rose by 47 bps to 5.22 percent fully offsetting a drop of 44 bps in December. This rate stands
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Building activity declines at slower rate of 6.4 pct in Dec
EconomyMacroeconomyThe rate of decline in the number of building permits issued slowed to 6.4 percent in December from 30.9 percent in November, according to the Hellenic Statistical Authority (ELSTAT). The December... building permits rose by a modest 1.2 percent. Note though that the rate of drop in December
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Eurosystem funding for Greek banks up by 3.56 bln in May to reach 116.4 bln
EconomyMacroeconomyeuros and indicates the highest reading since December 2012. In addition, the Central Bank funding... by 3.21 billion to 77.58 billion. This is also the highest reading since December 2012. At the same time... December 2014 to more than 88 billion currently, reflects: 1) Replacement of ECB with ELA funding
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Newsletter 33 - 03/07/2015
, sharpened the already significant liquidity issues in the Greek market. Between December and May... increased accordingly by a similar amount, which is the second highest amount since December. In January... of banknotes in circulation rose by 15.1 billion euros in the December–May period, accounting for 43
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