Economy
PMI continued improving in Oct but survey data points to economic struggle ahead
Greece’s Manufacturing PMI improved by another 4 points in October, when it rose to 47.3 from 43.3 in September, a Markit survey showed on Monday.
Sharp increase for Greek bank provisions in Q2 due to capital shortfall highlighted by ECB
Following the publication of their capital needs resulting from the comprehensive assessment conducted by the ECB’s Single Supervisory Mechanism (SSM), Greek banks released on Saturday evening their second quarter (Q2) financial results.
ECB sees Greek banks' total capital needs at 14.4 bln, recap plans to come
The ECB’s Single Supervisory Mechanism (SSM) announced on Saturday the outcome of the comprehensive assessment of Greek banks, which consisted of an Asset Quality Review (AQR) and a stress test under a baseline and an adverse scenario.
Greek stocks slide by 1.6 pct over week on bank correction
After rising in the previous three weeks, the Greek stock market shed 1.6 percent this week, largely reflecting a correction for banks after their double-digit gains of the previous weeks.
Retail sales down by 4 pct in August for third straight fall
The turnover of Greece’s retail trade index dropped for the third successive month in August, albeit at a decelerating pace by 4 percent from 8.6 percent in July, Hellenic Statistical Agency (ELSTAT) data showed on Friday.
The key points in Greece's new bank recap bill
The government tabled in Parliament on Friday the long-awaited draft bill on the bank recapitalisation framework.
Eurobank makes 877 mln bond exchange offer to cover part of its capital shortfall
Eurobank became on Thursday the third Greek bank to announce a Liability Management Exercise (LME) involving a voluntary exchange offer for a total nominal value of 877 million euros in outstanding bank bonds.
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.