Eurozone crisis

Private sector bank deposits drop in January

Greek private sector bank deposits fell in January after a rise in December, central bank data showed on Thursday.

Businesses and household deposits dropped to 141.15 billion euros from 143.14 billion in December, Bank of Greece data showed.

Greek banks have seen deposit inflows over the space of more than two years.

Huge rise in spending by British tourists

The Germans continue to be the biggest source of tourism revenues for Greece, even if their spending did post a 0.2 percent decline in 2019 compared to 2018, taking it to 2.956 billion euros, according to Bank of Greece data.
In contrast, takings from British tourists posted a major increase, as they reached 2.556 billion, up by 31.9 percent from 2018.

Greek current account deficit shrinks in December

Greece's current account deficit shrank in December 2019 compared with the same month a year earlier, the Bank of Greece said on Thursday.

Central bank data showed the deficit was 0.54 billion euros ($582.98 million), down from 1.514 billion euros in December 2018. Tourism revenues increased to 289 million euros from 272 million in the same month in 2018.

Greek economy expected to grow 2.4 pct in 2020, says Commission report

The European Commission is forecasting a bigger growth for the Greek economy in 2019, a modest growth for 2020, and stable in 2021, based on its report released Thursday.

Real GDP in Greece is forecast to reach 2.4 percent in 2020 (compared with a previous forecast for 2.3 pct) and 2.0 percent in 2021.

Greece working 'full throttle' on debt issue, finance minister says

Greece is preparing for a new bond issue, after its credit rating was upgraded by one of the three main rating agencies, the country's finance minister said on Monday.

Greece on Monday mandated six banks to act as joint lead managers for a 15-year bond, maturing in February 2035. It will be the first bond foray for Greece this year.

After rating upgrade, Greece announces 15-year bond issue

Greece on Monday announced that it had appointed banks for a new 15-year bond issue after its credit rating was upgraded by one of the three main rating agencies. 

It will be the first time Greece is tapping with a markets whose expiry date is after 2032, the year in which long-term measures for the relief of Greece's debt burden are due to expire.  

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