Macropolis

Coalition courts controversy with emergency law to tap general gov't cash reserves

21/04/2015 - 09:37

The government has drawn up legislation that would force general government bodies, including municipalities and hospitals, to place their cash reserves with the Bank of Greece, which could allow the government to cover its debt obligations over the next few weeks.

Central gov't cash surplus reaches 1.19 bln in Q1, up 54.3 pct YoY

20/04/2015 - 16:27

Greece’s central government primary cash surplus widened by 54.3 percent yer on year (YoY) to 1.19 billion euros in the first quarter (Q1) of 2015 from 771 million last year, according to the Bank of Greece (BoG).

Industrial turnover down by 9.8 pct in Feb for fourth straight fall

20/04/2015 - 16:07

The Turnover Index in Industry headed south for the fourth straight month in February but at a decelerating pace of 9.8 percent from a downward revised 15.6 percent in January, according to the Hellenic Statistical Authority (ELSTAT).

Greek current account deficit widens by 27.4 pct in Feb

20/04/2015 - 13:05

Greece's current account (C/A) deficit widened by 27.4 percent to 929 million euros in February from 729 million last year, according to the Bank of Greece (BoG).

This is where Greek gov't could find cash to cover May's obligations

17/04/2015 - 13:38

Following the submission of 187.5 million of non-competitive bids on Thursday, Greece rolled-over 3-month T-Bills worth 1 billion this week. This was the third key transaction related to payment of debt obligations over the past 10 days.

Lower spending, extra revenues result in budget execution beating targets in March

16/04/2015 - 16:16

Greece’s budget execution showed the 3-month primary surplus rose to 1.74 billion, up 12.6 percent, while the 2-month underperformance of 173 million turned to an over-performance of 1.62 billion, according to the Finance Ministry (MoF) preliminary budget bulletin published today.

S&P downgrades Greece, sees economy shrinking by 1.5 pct in 2015

15/04/2015 - 22:11

S&P unexpectedly downgraded on Wednesday Greece’s long- and short-term ratings by one notch to ‘CCC+/C’ from ‘B-/B’ with a negative outlook.

IMF sees Greek growth at 2.5 pct in 2015, debt at 172.7 pct of GDP

15/04/2015 - 18:53

In its latest World Economic Outlook (WEO) and Fiscal Monitor reports published this week, the International Monetary Fund revealed its updated forecasts on the key Greek macro and fiscal figures.

Greek Eurosystem funding up by 2.9 bln in March, reaches total of 107.1 bln

15/04/2015 - 18:34

After a sharp rise by 16.77 billion euros in February, Greek banks’ Eurosystem funding increased by another 2.93 billion in March, reaching 107.18 billion, according to the Bank of Greece's (BoG) monthly financial statement published on Wednesday.

ELSTAT sees 2014 primary surplus at 0.4 pct of GDP, debt at 177.1 pct

15/04/2015 - 15:52

The Hellenic Statistical Authority (ELSTAT) published on Wednesday its first notification regarding the 2014 fiscal data according to the excessive deficit procedure (EDP) under the ESA 2010 standards.