Economy
What capital controls will mean for Greek banks, customers and the economy
As was expected, the referendum announced by the Greek Prime Minister Alexis Tsipras on Friday evening triggered a series of negative repercussions for the Greek banking system.
Referendum call finds Greek banks teetering on the edge
The Eurogroup rejected on Saturday the Greek government’s proposal for a one-month extension of the current bailout programme, which expires on June 30, Greek banks are facing a dramatic situation.
Greek stocks rise by 16 pct during week on hopes of deal in Brussels
The Greek stock market ended the week with gains of 16 percent following a relief rally in the first two sessions amid increased optimism for an agreement between Greece and its lenders.
Credit contracts by slower rate of 2.1 pct in May
Greek bank credit contraction further decelerated to 2.1 percent in May from 2.4 percent in April, according to the Bank of Greece (BoG).
Deposit outflows eased to 3.86 bln in May, balance below 130 bln
Greek private sector deposit outflows eased to 3.86 billion in May from 4.66 billion in Apr, according to the Bank of Greece (BoG).
Budget primary surplus at 1.51 bln end-May, revenues fall short by 978 mln
Greece’s budget execution figures confirmed the 5-month primary surplus was at 1.51 million - more than double compared to last year’s 707 million, according to the Finance Ministry (MoF) final budget bulletin released on Thursday.
How big is the gap separating Greece and the institutions?
The document with the prior actions proposed by lenders that was leaked on Wednesday revealed significant differences and deviations from the latest Greek proposal, which suggests the two sides have a huge task on Thursday to bridge their gaps.
As Greek deadline looms, this is how the next days could play out
The Greek Prime Minister Alexis Tsipras meets with the European Commission President Jean Claude Juncker, the ECB President Mario Draghi and the IMF Managing Director Christine Lagarde in Brussels at noon in a last-ditch effort to bridge the differences that still remain between Greece and the institutions.
Eurosystem funding for Greek banks up by 3.56 bln in May to reach 116.4 bln
Greek banks’ Eurosystem funding increased for the eighth straight month in May but at a slower pace of 3.56 billion euros compared to 5.66 billion in April, according to the Bank of Greece's (BoG) monthly financial statement published on Tuesday.
Travel receipts rise by 16.3 pct in April on jump in arrivals
The growth rate of Greece's travel receipts accelerated to 16.3 percent in April from 13.3 percent in March, according to the Bank of Greece (BoG).