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Housing costs, food prices set limits to impact of tax cuts
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Moody's keeps rating unchanged at 'Baa3' - outlook stable
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Underspend and taxes push primary balance up to Aug 3.77 bln above target
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DBRS leaves credit rating of 'BBB' and stable outlook unchanged
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Credit to corporations contracts in July, bringing total loans down 1.27 bln MoM
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Greece digests EU-US trade deal amid mixed reaction
ECB tests find negligible capital shortfalls at Greek banks
The European Central Bank (ECB) published on Sunday the much anticipated results of its comprehensive assessment on the financial health of 130 banks in the euro area, with just one Greek lender (Eurobank) appearing to have a capital shortfall and even in that case it being less than 18 million euros.
The test comprises of two main pillars for the identification of bank’s capital shortfalls. The first is an Asset Quality Review (AQR), with a capital benchmark of Common Equity Tier 1 (CET1) of 8 percent, mainly involving banks’ asset and collateral va...
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