Economy
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.
Greek shares up for the third straight week on strong performance from banks
The Greek stock market headed north for the third successive week posting gains of 3.9 percent mainly driven by banks (+18.6 percent), which continued recording strong gains for the third week in a row.
Disposable income slips 1.6 pct in Q2 on higher income and wealth taxes
After rising in the preceding three quarters, Greek household disposable income fell by 1.6 percent in the second quarter (Q2) of 2015, Hellenic Statistical Authority (ELSTAT) data showed on Friday.
Growing hopes that Greek recession will be milder than expected
The Greek government as well as local banks and economic think-tanks are hopeful that this year’s recession will be milder than the country’s lenders expectations in mid-August.
Travel receipts rebound by 7.3 pct in August, partly reflecting higher spending per trip
Greece's travel receipts rose by 7.3 percent in August, more than double the previous month’s rate of 3.5 percent, Bank of Greece (BoG) figures indicated on Thursday.