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  1. Budget primary surplus at 4.5 bln in 9-month, below target on lower revenues, higher tax refunds
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    rather than August as initially planned, plus higher tax refunds as mentioned above. Expenditure... an underspend versus the target by 1.62 billion. The MoF said that the lower-than-expected expenditure stemmed... lower than the target. PIB PIB revenue stood at 80 million euros in September, 119 million euros below

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  2. Trust in Greek banking system shaky, survey suggests
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyBanking

    about these resources being channelled into the shadow economy rather than the real economy, where... of Greek banks, their only source of liquidity as they bled more than 40 billion euros in deposits... transfers or cash withdrawals. This pushed banknotes in circulation to more than 50 billion euros in July

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  3. Overdue social security debt reaches 30.5 bln in Q3 on consolidation of debtors

    EconomyMacroeconomy

    , with an increase of more than 385,000 quarter-on-quarter (QoQ). It is noted that the incorporation... shows that nearly three quarters of debtors owe less than 15,000 euros each for an aggregate amount..., an increase of more than 230,000 from the previous quarter. Around 11.3 percent of debtors owe

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  4. Array of centre-left leadership candidates edge towards watershed vote
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    focussed on personalities and procedures rather than on issues and policy agendas. Nine candidates... to emphasise the party’s historical character rather than articulate her own distinctive political... to be the key factor shaping the new political entity, procedures matter to a greater extent than they would

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  5. PASOK emerges victorious from first round of centre-left leadership vote
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    former PASOK ministers, gained less than 10 percent combined. The result means that Gennimata.... Theodorakis had stated during the campaign that anything less than 200,000 would be a failure. The fact... 2015 and substantially lower (334,752) than those who cast ballots in the second round in January

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  6. Gennimata aims to secure centre-left leadership in run-off vote
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    area in which Androulakis managed to gain more votes than his rival was on his native Crete, where he.... The differences between the two candidates lie much more in style than substance and voters are to miss out... Sunday, more than 210,000 people voted in the first round, which far exceeded expectations

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  7. Newsletter 140 -17/11/2017

    Newsletters

    amount being redistributed this year is more than twice the 617 million euros handed out last December.... more than a dozen people died due to flooding in Athens. The approval of the coalition’s measure... numbers from more departure than hirings due to seasonal contracts The aggregate figures for the ten

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  8. Final budget sees strong growth, fiscal overperformance in 2018
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    is that investment growth will more than double compared to this year, reaching 11.4 percent. Exports... for 2017 being even more impressive than previously expected. The primary surplus is expected... in the MTFS, with both direct and indirect tax intakes lower than initially thought at 20.77 billion

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  9. Budget primary surplus at 5.33 bln in October, beating target on revised budget figures
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    billion. This stemmed from better than expected revenues from several categories, including income.... The MoF said that the lower-than-expected expenditure stemmed mainly from reductions in earmarked... lower than the target. PIB PIB revenue stood at 58 million euros for October. The corresponding

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  10. Eurogroup paves way for completion of third review, talks on debt relief

    EconomyProgramme

    as the amendment submitted to Parliament changing the law on strikes so that a quorum of more than 50... is implementing will leader to a greater reduction of Greece’s debt than originally thought. The ESM now... beneficial for Greece’s debt relief prospects but would also be more promising for eurozone reforms than

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