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Government being tested on multiple fronts
PoliticsGreek Politicscome from the private University of Nicosia in partnership with private equity firm CVC Capital Partners regarding the creation of a private medical school in Greece. CVC is already invested in the Greek
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Labour cost fall has not produced jobs, bemoans GSEE in study
SocietyThe significant fall in labour costs since the onset of the crisis has not led to a corresponding fall in prices and a boost in employment and competitiveness, defying conventional theories..., the report said. The INE maintains that the gains made by companies from the fall in labour costs has
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Eurosystem funding drops by 5.1 bln in Aug driven by ELA fall
EconomyMacroeconomyis the lowest reading since June 2014. The monthly movement is driven mostly by a fall in Emergency Liquidity... basis, Eurosystem funding dropped by 21.32 billion euros, driven mainly by a fall in ELA funding... programme was agreed, with the majority of this fall (55.91 billion) originating from lower reliance on ELA
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Fall in apartment prices continues with slower decline of 0.6 pct in Q3
EconomyMacroeconomyin Q3 following a 0.3 percent quarter-on-quarter fall in Q2 2017. Old apartments, classified as over five years old, saw their prices fall by 0.7 percent in Q3. Properties up to five years old saw price... annual fall was posted in 2012 (-11.7 percent), followed by another double-digit drop of -10.9
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Piraeus Bank posts net loss of 19 mln euros in Q3, NPEs continue to fall
EconomyBankingthat in line with targets, the parent NPL stock is anticipated to fall by 50 percent by 2019 versus September..., where the figure stood at 10 billion, driven largely by a 1.8 billion fall in Emergency Liquidity... and a more active interbank repo market. In the year to date up to mid-November, the fall in Eurosystem
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General govt primary cash surplus at 2.42 bln in April, arrears fall by 66 million
EconomyMacroeconomy) and came to 23.81 billion euros. ​This was driven primarily by a fall in interest paid (-859 million...-on-month falls were noted in four out of the six subcategories. The biggest fall came from SSF arrears... The stock of gg guarantees fell substantially by 3.84 billion to 22.87 billion. The fall was almost
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General govt primary cash surplus at 5.21 bln in September, arrears fall by 411 mln
EconomyMacroeconomy. The biggest fall came from tax refunds which decreased by 363 million in September to come to 699... a marginal fall of 5 million to 51.54 billion, representing 14.5 percent of the total. Repos dropped by 1.57.... The main driver behind the fall was a 898 million-euro decline in Emergency Liquidity Assistance (ELA
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General govt primary cash surplus at 9.45 bln in Dec, arrears fall by 195 mln
EconomyMacroeconomywas noted in extrabudgetary funds with an annual fall of 1.08 billion euros, bringing the total figure... percent YoY) to stand at 74.59 billion euros. The main driver was a fall of 412 million in transfers, which came to 4.42 billion euros. The next biggest fall was in purchases of goods and services
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General govt primary cash deficit at 5.48 bln in June as tax revenues fall
EconomyMacroeconomy-on-year (YoY) decline was noted in social security funds (SSFs) with an annual fall of 1.06 billion... million. Overall, the state budget primary balance showed a fall of 6.36 billion euros, landing... largest fall was in sales of non-financial assets with a decline of 1.26 billion, taking the total
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Sub-tranche, 2017 fiscal performance ticked off on first day of review talks
EconomyProgrammethe target will be beaten and how much of the excess surplus the coalition will be able... reported on Tuesday that the institutions’ technical teams believe that Greece will fall 0.2 to 0.3
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