Economy
Rare rebound for retail trade with 2.5 pct rise in May
The turnover of Greece’s retail trade index rose by 2.5 percent in May following a 3.1 percent drop in April, according to the Hellenic Statistical Agency (ELSTAT).
Drop in corporate loan rates led the average loan rate at a new historic low
Greek households’ new time deposit rate remained at 1.81 percent in June unchanged from the previous month, according to the Bank of Greece (BoG).
Economic sentiment fell to 81.3 in July for the sharpest historical monthly drop
Greece’s economic sentiment (ESI) dropped for the fifth successive month at a marked accelerating pace by 9.4 points to 81.3 in July from 90.7 in June, according to the European Commission (EC).
Parliament's budget office rings alarm bell on economic prospects
The Greek economy deteriorated in the first half of 2015 and the country has entered again into a recessionary trajectory, according to the quarterly report of the Parliamentary Budget Office (PBO).
A breakdown of the funding needs involved in Greece's third bailout
As talks between the Greek government and its lenders pick up pace in Athens, the discussion about the country’s funding needs over the course of the three-year programme are also likely to come into focus.
IMF reveals its list of priorities for Greek bailout negotiations
In its Article IV Consultation with the eurozone, the International Monetary Fund identifies contagion from events in Greece as a downside risk next to a number of factors ranging from geopolitical tensions and market volatility to slowdown in emerging markets and asymmetric monetary policy.
Credit contracts at slower pace of 1.7 pct in June, monthly loan flow positive
Greek bank credit contracted at a decelerating pace for the third successive month by 1.7 percent in June from 2.1 percent in May, according to the Bank of Greece (BoG). The June headline rate indicates the slowest decline since August 2011.
June deposit outflow rises to 7.58 bln as total balance drops to lowest in 12 years
Greek private sector deposit outflows accelerated to 7.58 billion euros in June from 3.86 billion in May, according to the Bank of Greece (BoG).
Fitch puts Greek banks' capital needs between 11.2 and 15.9 bln
A report by Fitch ratings agency estimates the 25 billion earmarked in the Euro Summit statement of July 12 for Greek bank recapitalisation should be sufficient unless deferred tax assets (DTA) cease to be counted as core capital.
IOBE think-tank sees recession of up to 2.5 pct this year, milder in 2016
Greece is expected to experience a significant recession this year and a milder one next year, while unemployment may edge up this year, according to the latest report on the Greek economy published Foundation for Economic and Industrial Research (IOBE).