Economy
Parliament's budget office sees risks and rewards in third bailout
The elimination of uncertainty related to economic policy and the implementation of reforms and privatisations is a key condition for faster and sustainable economic recovery, the quarterly report of the Parliamentary Budget Office (PBO) stresses.
Business indicators rise for second successive month in October
Greece’s economic sentiment (ESI) improved for the second straight month by 3.4 points to 86.5 in October, European Commission (EC) data displayed on Thursday.
Greece fell two places to 60th in Doing Business ranking, World Bank says
Greece’s position in ‘Ease of doing business’ ranking deteriorated by 2 spots, World Bank 2016 Doing Business report showed.
Alpha makes 1.09 bln bond swap offer to boost capital
Following Piraeus Bank a few days ago, Alpha Bank announced on Wednesday a voluntary exchange of 1.09 billion euros (nominal value) outstanding bonds.
Greece and lenders far apart on foreclosures as housing NPLs keep rising
The protection of primary homes from foreclosures emerged as one of the key areas of significant difference between the Greek government and the institutions during the 3-day visit of the quadriga mission chiefs to Athens last week.
Credit contraction slows to 1.5 pct in Sept on marked drop in corporate loan deductions
Bank credit contraction slightly decelerated to 1.5 percent in September from 1.6 percent in August, Bank of Greece (BoG) figures displayed on Tuesday.
Banking system showed deposit inflows for second straight month, at 531 mln in Sept
Greek private sector deposit flow remained positive for the second successive month with inflows at 531 million in September 2015 from 449 million in August, Bank of Greece (BoG) data displayed on Tuesday.
Fiscal target revision shows 3.07 bln 9-month primary surplus was 1.8 bln above target
Greece’s primary surplus fell to 3.07 billion euros in the 9-month period of 2015 from 3.8 billion posted in the 8-month, the Finance Ministry (MoF) final budget execution figures showed on Tuesday.
Final structure of bank recap taking shape, cautious optimism for outcome
Despite indications that the government would reveal its decisions on the bank recapitalisation framework by October 21, discussions within the cabinet and with the mission chiefs continued throughout last week.
First visit by quadriga to Athens leaves series of issues unresolved
The first visit of the quadriga mission chiefs to Athens after the signing of the third bailout programme in mid-August lasted three days from October 21 to 23 and came to an inconclusive end.