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  1. Signifcant underspend covers revenue shortfall for budget primary surplus to August

    EconomyMacroeconomy

    percent reaching 1.1 billion in the 8-month period from 2.85 billion last year. Revenues Revenues

    4%

  2. Budget revenues rebound in August but shortfall remains at 4.2 bln

    EconomyMacroeconomy

    consolidation in the course of the year was also reflected in the budget deficit, which narrowed to 1.1

    4%

  3. Unemployment rate eases to 24.6 pct in Q2 as number of employed jumps
    en_GB Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]

    EconomyMacroeconomy

    by 1.7 pp to 23.8 percent, while the next age group (45-64) posted a lower decrease by 1.1 pp to 18.8

    4%

  4. Current account surplus jumps to 4.25 bln in July on SMP returns and nosedive in imports

    EconomyMacroeconomy

    by 1.1 billion in holdings of foreign bonds and T-Bills. At the same time, residents’ net external

    4%

  5. Greek stocks down 5.1 pct over week as investors remain cautious

    Economy

    resulting in a modest improvement in the core pre-provision income by 1.1 percent. The non-performing

    4%

  6. IMF aligns Greek projections with EU, revises down GDP
    Photo via IMF photostream on Flickr [https://www.flickr.com/photos/imfphoto/]

    Economy

    , at 1.4 percent in 2015 and 1.1 percent in 2016. Last year, Greece posted a C/A surplus of 0.9 percent.

    4%

  7. ELA funding drops by 1.58 bln in Sept for third straight fall
    Photos by Dennis Skley via Flickr https://flic.kr/p/qcppmH

    EconomyMacroeconomy

    and the ECB funding, the respective collateral pledged by Greek banks with the BoG fell by 2 and 1.1 billion

    4%

  8. Piraeus Q3 trading update shows significant acceleration in NPL formation
    Photo by MacroPolis

    EconomyBanking

    with gross loans contracting 1.1 percent QoQ to 68.9 billion euros, whilst the Greek figure recorded

    4%

  9. Growing hopes that Greek recession will be milder than expected

    Economy

    a rebound in final consumption (+1.1 percent), falling imports (-4.9 percent) and almost stable exports

    4%

  10. Credit contraction slows to 1.5 pct in Sept on marked drop in corporate loan deductions

    EconomyMacroeconomy

    . Note though that the monthly evolution shows high volatility. Loans to sole proprietors eased 1.1

    4%