Agora
Posts in Economy
Waiting for the hurricane
Over the last few months, Greece has been like a town on the East Coast of the USA during the hurricane season. Greeks have been checking the news every day to see if the storm will hit, causing widespread destruction, or whether it will glance by their homes, leaving behind damage that can be repaired.
Contributor: Nick Malkoutzis
Categories: Europe (281), Politics (385), Economy (329), Greece (496)
How Greek banks can balance on the collateral tightrope
The ongoing and troubled negotiations between Greece and its lenders, as well as the weekly meetings of the European Central Bank’s governing council mean that there is growing concern about the extent to which Greek banks will continue to be able to draw emergency liquidity to cover the outflow of deposits.
Contributor: Manos Giakoumis
Categories: Europe (281), Economy (329), Greece (496)
Where has the money withdrawn from Greek banks gone?
Since December, the Greek banking system has been suffering from extended deposit outflows, which reached 26.8 billion euros at the end of March. Almost 90 percent of these withdrawals stemmed from time deposits, while only around 600 million euros was taken from savings accounts.
Contributor: Manos Giakoumis
Categories: Economy (329), Greece (496)
Greek DSA: Don't Say Anything about the debt
The decision by the International Monetary Fund’s Poul Thomsen to raise the issue of Greece’s debt sustainability at the recent Eurogroup in Riga, as reported in the Financial Times, felt like the moment that the adults returned to the room.
Contributor: Yiannis Mouzakis
Categories: Europe (281), Politics (385), Economy (329), Greece (496)
This is how Greece kept its budget on track in Q1
Recent Greek budget data showed the huge revenue gap of 968 million euros recorded in January narrowed to 389 million by the end of the first quarter (Q1) of 2015. At the same time, primary expenditure, which was just 53 million better than target in January, displayed a strong outperformance of 1.18 billion by the end of March.
Contributor: Manos Giakoumis
Categories: Economy (329), Greece (496)