Economy
As Greek deadline looms, this is how the next days could play out
The Greek Prime Minister Alexis Tsipras meets with the European Commission President Jean Claude Juncker, the ECB President Mario Draghi and the IMF Managing Director Christine Lagarde in Brussels at noon in a last-ditch effort to bridge the differences that still remain between Greece and the institutions.
Eurosystem funding for Greek banks up by 3.56 bln in May to reach 116.4 bln
Greek banks’ Eurosystem funding increased for the eighth straight month in May but at a slower pace of 3.56 billion euros compared to 5.66 billion in April, according to the Bank of Greece's (BoG) monthly financial statement published on Tuesday.
Travel receipts rise by 16.3 pct in April on jump in arrivals
The growth rate of Greece's travel receipts accelerated to 16.3 percent in April from 13.3 percent in March, according to the Bank of Greece (BoG).
Greece's updated proposals to lenders and how they compare to previous efforts
The leaked details of the updated "parametric" measures the Greek government has sent to the institutions show that Athens's target is to collect revenues of 2.69 billion euros (1.51 percent of GDP) in 2015 and 5.21 billion (2.87 percent of GDP) in 2016.
Greek primary cash surplus at 1.07 billion at end-May on lower expenditure
Greece’s central government primary cash surplus remained almost unchanged at 1.065 billion in the 5-month period of 2015, from 1.057 billion last year, according to the Bank of Greece (BoG).
Greek C/A deficit shrinks by 17 pct in April as imports drop faster than exports
Greece's current account (C/A) deficit narrowed by 17 percent to 955 million euros in April from 1.15 billion last year, according to the Bank of Greece (BoG).
Unpaid taxes rise by 1.03 bln in May, taking total to 77.88 bln
The increase in Greece’s new unpaid taxes accelerated to 1.03 billion euros in May from 737 million in April, according to data released by the General Secretariat of Information Systems (GSIS).
Greek stocks down by 11.3 pct for biggest weekly fall of last month
Greek stocks recorded losses of 11.3 percent this week, which is the highest over the past four weeks.
Industry turnover down by 2.3 pct in April for sixth straight fall
The Turnover Index in Industry fell by 2.3 percent in April, which is similar rate to the previous month’s decline after an upward revision of the March figure, according to the Hellenic Statistical Authority (ELSTAT).
![Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]](resources/toolip/img-thumb/2013/11/05/younggreeks_1000_myrto_0411-medium.jpg "Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]")
Unemployment, cronyism and corruption fuel Greek brain drain
Unemployment, cronyism and corruption are the main reasons pushing Greece’s educated youth to seek work abroad, according to research recently conducted by the business services ICAP Group.