Disposable income rises by 7 pct in Q2 as economy recovers, savings still positive
S&P holds off on new rating upgrade, ECB holds key to investment grade
Some key tasks pending as Greece edges closer to completing post-programme process
PBO highlights exceptional factors supporting recovery, cautions against complacency
Govt grabs opportunity offered by escape clause to entice voters with support package
Recovery in car sales slows to 2.7 pct in August
BoG notes economic progress, urges safeguarding of fiscal credibility
In the financial stability report the Bank of Greece (BoG) published on Tuesday, it took stock of the positive developments in the Greek economy and the banking system. But it urged caution on the fiscal policy front after the recent round of expansionary measures and called on banks to focus on tackling the challenge of Non-Performing Exposures (NPEs).
Aside from the Greek lenders’ commitment to tackle problematic assets on their books, the central bank expressed its support for more systemic solutions that will assist banks dealing with the issue, such as its own plan of using deferred tax credits to...
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