Economy
Moody's downgrades Greek bond rating, sees chances of accident rising
Moody’s downgraded late on Wednesday Greece’s government bond rating by one notch to Caa2 from Caa1, concluding the review for downgrade that commenced on February 6. At the same time the outlook on the rating is negative.
Parliament Budget Office sees Greece heading for recession on back of uncertainty
The Parliamentary Budget Office (PBO) has highlighted in its quarterly report the dangers for the Greek economy being cause by the current uncertainty.
Greek bank credit contracts by 2.5 pct in March
Greek bank credit contracted by 2.5 percent in March - similar to the reduction in February - according to the Bank of Greece (BoG).
Deposit outflow slows to 2.19 bln in Mar as balances slip to lowest in 10 yrs
Greek private sector deposit outflows slowed to 2.19 billion in March from 7.63 billion in February, according to the Bank of Greece (BoG).
Big falls for economic sentiment and consumer confidence in April
Greece’s economic sentiment (ESI) contracted by 4.1 points to 92.7 in April from 96.8 in March, according to the European Commission.
Rebound in Q4 by 1.4 pct brings 2014 disposable income down 3.2 pct
Greek household disposable income grew for the second straight quarter by 1.4 percent year on year in the fourth quarter (Q4) of 2014 after an upward revised 1 percent rise in Q3, according to the Hellenic Statistical Authority (ELSTAT).
Greece drafts reform multi-bill as talks catalyst but fiscal gap lingers
The Greek Finance Ministry has announced that the government’s new negotiating decided at its first meeting on Monday to draft a multi-bill coding the measures included in the reform list sent by Finance Minister Yanis Varoufakis in late March.
Greek pensions: The thorniest issue in talks between Athens and lenders
As Greece and its lenders make a new push to conclude negotiations that could secure more bailout funding, it is certain that the country’s pension system will prove one of biggest obstacles to a deal.
Budget primary surplus up to 1.73 bln in Q1 as gov't holds back expenditure
Greece’s 3-month budget primary surplus was confirmed at 1.73 billion euros, up 12.4 percent, according to the Finance Ministry (MoF) final budget bulletin published on Friday. Preliminary figures had been released on April 16.
What higher ECB haircuts on collateral could mean for Greek banks' liquidity
Friday’s Eurogroup in Riga ended with eurozone finance ministers rejecting the possibility of an extraordinary meeting before the end of the month and any kind of funding disbursal without Greece having reached a full agreement with its lenders.