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  1. Greece records primary cash deficit in 2013

    EconomyMacroeconomy

    of previous years’ arrears amounting to 6.14 billion, which is reported in BoG cash expenditure as of February, but is excluded from MoF budget figure since it refers to previous years’ fiscal performance

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  2. A closer look at Greece's 2013 budget primary surplus of 603 mln

    EconomyMacroeconomy

    Greece’s 2013 budget execution showed a primary surplus of 603 million euros from a deficit of 3.46 billion the previous year, according to the final data released by the Ministry of Finance (MoF... of previous years’ arrears on the expenditure line. According to MoF methodology, the payment of past years

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  3. Wage ruling gives gov't immediate fiscal headache, political one may come later

    PoliticsGreek Politics

    have lost since then but also to restore their wages to their previous levels from now... be returned to previous levels. Should this decision be rubber stamped, then the government could face another

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  4. Despite payment of some arrears, total reached 4.6 bln at end of 2013

    EconomyMacroeconomy

    is on a cash basis, incorporating settlement of previous years’ state arrears and refunds of 6.16... that the payment of previous years’ arrears amounted to 5.97 billion in 2013, we conclude that new

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  5. Goalposts shift as European elections near and SYRIZA cements lead

    PoliticsGreek Politics

    method is more direct form of democracy. However, this runs contrary to previous discussions about... in previous elections. In 2009, PASOK and New Democracy each elected eight MPs with 36.6 and 32.3

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  6. Unemployment at new high of 28 pct in Nov, jobless up by 169 pct in four years

    EconomyMacroeconomy

    The seasonally adjusted jobless rate continued heading north, reaching 28 percent in November from a downwards revised 27.7 percent the previous month, according to the Hellenic Statistical Agency... the previous month figure. Over the past four years the number of unemployed has surged 169 percent

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  7. Central gov't cash surplus rises by 53.8 pct to 603 mln in January

    EconomyMacroeconomy

    from the BoG calculation b) The repayment of previous years’ arrears amounting to 6.14 billion, which... to previous years’ fiscal performance.

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  8. Central government primary cash surplus at 1.7 bln to February
    Photo by MacroPolis

    EconomyMacroeconomy

    ) The repayment of previous years’ arrears amounting to 6.14 billion, which was reported in BoG cash expenditure, but excluded from MoF budget figure since it referred to previous years’ fiscal

    7%

  9. General gov't cash surplus widened to 2 bln in January

    EconomyMacroeconomy

    contributor. Unlike last year, this year’s gg balance does not include any settlement of previous years... billion in 2013 mainly reflecting payments of previous year’s arrears of 6 billion. Our understanding

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  10. Bank framework paves way for Eurobank capital increase, gives HFSF flexibility
    Photo by MacroPolis

    EconomyBanking

    . More importantly, the price for private investors can be lower than that of previous HFSF participation... have full voting rights only on strategic issues. The draft bill also supplements the previous bank

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