Economy
Stress test assumptions cause few concerns for Greek banks
The European Banking Authority (EBA) formally launched on Wednesday the 2018 EU-wide stress test exercise by releasing the scenarios that will be applied to the methodology published last November.
Retail sales drop by 1.7 pct in November, corresponding volume falls 2.9 pct
Greece’s retail sales fell by 1.7 percent year-on-year in November after October’s revised decline of 0.7 percent, according to data published by the Hellenic Statistical Agency (ELSTAT) on Wednesday.
Economic sentiment at 101.9 pts in Jan, consumer confidence dips by 0.7 pts
Greece’s economic sentiment (ESI) got off to a positive start in 2018 and rose by 0.6 points to 101.9 in January from an upwardly revised reading of 101.3 in December, European Commission (EC) figures revealed on Tuesday.
Athens prepares for bond issue, eurozone works on growth/debt mechanism
An imminent bond issue by the Greek government is set to attract the immediate attention of local and international observers but discussions are continuing in the background regarding the method of the country’s exit from the third programme and what will follow.
Greek banks complete first round of covered bond issues
Alpha Bank has become the latest among Greece’s four systemic banks to carry out a successful covered bond issue with the public auction of a 500-million euro bond last week.
Banks receive deposit inflows of 2.54 bln in December
The Greek banking system experienced positive inflows of 2.54 billion euros in December compared to inflows of 272.9 million in November, Bank of Greece (BoG) figures revealed on Friday.
Credit contraction remains at 0.9 pct in December
Credit contraction in the Greek market remained unchanged at 0.9 percent in December, staying static for a third month, Bank of Greece (BoG) figures showed on Friday.
IMF sticks to reform, debt relief demands as programme role remains in doubt
A meeting between Prime Minister Alexis Tsipras and the International Monetary Fund’s managing director Christine Lagarde at the sidelines of the World Economic Forum in Davos on Thursday has rekindled interest in what stance the IMF will take regarding the Greek programme.
Piraeus Port Authority lays out major development plans
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Piraeus Port Authority (PPA) on Monday unveiled its ambitious 10-year investment plan, involving an estimated 500 million euros in investments.
Brussels sets out guide for post-MoU financing needs, cash buffer
The European Commission’s compliance report dedicates a section to Greece’s financing needs until this August, when the current programme runs its course, and the use of available financing for the post-programme period.