- Moving on April 29, 2014
- Greek budget bottom-line outperformance narrowed to €2.2bn in June July 11, 2013
- Greek banks Eurosystem funding fell by €9bn m-o-m in May June 12, 2013
- Greek budget bottom-line outperformed targets by €3.2bn in 5M’13 June 11, 2013
- Credit contraction marginally decelerated to 3.4% in April May 30, 2013
- RT @MacroPolis_gr: Moody's upgrades Greece's sovereign bond rating to Caa2 and changes the outlook to positive. #Greece #economy #markets 2 years ago
- Αφιερωμένο σε όλους τους μπαμπάδες - Μπαμπάς είναι ... #FathersDay #Greece https://t.co/cT8k6cLvtq 2 years ago
- We take note of the #Eurogroup discussion which we see as a 1st step towards securing #Greece debt sustainability, #ECB representative says. 2 years ago
- #IMF Managing Director Christine Lagarde to propose approval in principle of new Stand-By Arrangement for #Greece.… twitter.com/i/web/status/8… 2 years ago
- #Eurogroup statement on #Greece. consilium.europa.eu/press-releases… 2 years ago
Category Archives: Greek economy
Latest BoG data show that Greek banks’ Eurosystem funding dropped by €13.5bn m-o-m in January with a material change in the mix towards the cheaper ECB funding. In particular, ECB funding almost quadrupled soaring €56.9bn or 294% m-o-m to €76.22bn … Continue reading
MoF preliminary data (on a modified cash basis) on Greek budget execution in February depicted a significant outperformance at bottom-line with budget and primary balance beating 2-month target by €1.8bn attributed to lower tax refunds and expenditure as well as … Continue reading
Hellenic Statistical Authority (ELSTAT) latest data show that non-seasonally-adjusted Q4’12 GDP shrank 5.7% y-o-y, 0.3pp better than the initial (flash) estimate of 6.0% released on February 14.
MoF data show that general government (gg) primary cash balance recorded a surplus of €1,784m in January ’13 from €2,474m in January ’12 down 27.9% y-o-y. According to MoF, reported figure is on a non consolidated basis and consolidated primary … Continue reading
According to latest BoG data, credit contraction in the Greek market remained stable at 4.0% y-o-y in January following a deceleration recorded in the previous months (from 4.8% in October to 4.0% in December) with balances reaching €225.5bn corresponding to … Continue reading
Latest BoG data show that deposit flow turned marginally negative in the Greek market in January with outflows of €0.17bn following the significant inflows of €5.75bn in December. January flow reflects time inflows of €3.17bn offset by sight and savings … Continue reading
According to EC winter forecasts released on February 22, carry over from 2012 as well as the ongoing fiscal consolidation are projected to result in a further reduction of GDP by 4.4% in 2013, after a 6.4% drop in 2012. … Continue reading
MoF final data (on a modified cash basis) on Greek budget execution confirmed preliminary figures released on February 11 showing a budget and primary surplus in January, despite the revenue shortfall which was more than offset by a better expenditure … Continue reading
According to the latest debt bulletin published by MoF, central government debt (excl. debt guaranteed by the central government) stood at €305.5bn at YE’12 from €303.5bn in 9M’12 and €368.0bn at YE’11, up 0.67% q-o-q, yet down 17.0% y-o-y, primarily … Continue reading
MoF preliminary data (on a modified cash basis) on Greek budget execution showed a budget and primary surplus in January, despite the leaked revenue shortfall last week predisposing a worse performance at bottom-line.
MoF tabled to parliament on February 8 the updated Medium Term Fiscal Strategy (MTFS) for 2013-16, which is scheduled to be voted by February 18 and is a prerequisite for the approval and disbursement of the next aid tranche of … Continue reading
MoF data show that general government primary cash balance recorded a surplus of €434m from deficit of €3,499m in 2011. According to MoF, reported figure is on a non consolidated basis and consolidated primary balance is expected to be smaller … Continue reading
According to latest BoG data, credit contraction in the Greek market decelerated for second consecutive month to 4.0% y-o-y in December from 4.6% y-o-y in November and 4.8% in October, with balances reaching €227.7bn corresponding to 117.4% of GDP.
Latest BoG data show positive deposit flow for fourth consecutive month with significant inflows of €5.66bn in the Greek market in December (the highest monthly figure since December ’08) from €0.67bn in November and €1.0bn in October.
MoF final data (on a modified cash basis) on Greek budget execution depicted a worse performance in December compared to that in November and October, attributed to seasonal (PIB) and one-off effects (debt buyback) along with a top-line pressure and … Continue reading
Latest BoG data show that Greek banks’ ECB funding rose by €13.7bn m-o-m to €19.3bn in December from €5.6bn in November. At the same time, BoG liquidity provided to Greek banks through the ELA mechanism dropped €21.4bn m-o-m to €101.9bn … Continue reading
The Executive Board of the IMF completed on January 16 the first and second review of Greece’s economic performance enabling the disbursement of the €3.24 tranche. Following Executive Board’s discussion, IMF Managing Director Christine Lagarde issued a brief statement with … Continue reading
MoF preliminary data (on a modified cash basis) on Greek budget execution depicted a worse performance in December compared to that in November or October, attributed to seasonal (PIB) and one-off effects (debt buyback) along with a top-line pressure and … Continue reading
According to latest BoG data, credit contraction in the Greek market slightly decelerated to 4.6% y-o-y in November from 4.8% in October, with balances reaching €229.8bn corresponding to 117.7% of GDP.
According to latest BoG data, deposit [private sector] flow remained positive for third consecutive month in November with inflows easing to €0.67bn from €1.0bn in October and €1.16bn in September.