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Newsletter 50 - 06/11/2015
systemic banks. The first tier includes Alpha and Eurobank, with capital needs at the low end, at 263... social security benefits. While Portugal still has a private automobile industry with on-site production.... But since the onset of the financial crisis in 2008/09, both countries have experienced a reverse trend
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Greece sees deal by June 5 but size of gaps tells different story
PoliticsGreek PoliticsThe Greek government remains optimistic that it can reach a deal with lenders by June 5, when... on this particular issue. The prospect of a deal being clinched by June 5 also runs counter... is secured it will not be adopted. In this context, it is interesting that US Treasury Secretary Jack Lew
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ICU shortages provide opposition with fodder in political battle over Covid-19 strategy
PoliticsGreek Politicswith Covid-19 being treated in ICUs came to 263. In his comments, Kikilias focussed on the perilous situation in Thessaloniki, which he visited on Wednesday. He announced that 100 more ICU beds would be added..., was that if we opened up in June, due to high temperatures the following months until October would
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Newsletter 90 - 30/09/2016
. Meanwhile, BoG data also showed credit contracted 1.7 percent in August, with balances decreasing... since July 2014, and largely reflect deductions of 609 and 263 million from the corporate and household lending sectors, respectively. It is worth noting that credit contraction continues unabated
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Card transactions in Greece experience boost due to capital controls
EconomyBanking, transactions by credit or debit cards came to around 5 percent of GDP. By 2017, the year for which the latest... from 34 million in 2014 to 407.3 million in 2017. Credit card transactions increased from 52.8 million... stood at 1.8 billion and rose steadily to reach 15.8 billion in 2017. The value of credit card
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Credit contracts at slower pace of 1.7 pct in June, monthly loan flow positive
EconomyMacroeconomyGreek bank credit contracted at a decelerating pace for the third successive month in June, when.... The rate of contraction remains above the 3-percent mark at 3.4 percent in June. Consumer credit... percent year on year. Despite the surprisingly positive flow in June, Greek bank credit continues
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Credit contracts by 3.5 pct in June, balances at 214.81 bln
EconomyMacroeconomyCredit in the Greek market contracted by 3.5 percent in June, unchanged from the previous month... credit landed at 27.74 billion down 2.7 percent with marginal net deductions of just 3 million in June... in June from 84 million in May, still remaining at relatively low levels. Credit expansion, which turned
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Credit contraction stays stable at 2 pct in June, net additions for first time this year
EconomyMacroeconomyGreek bank credit contraction remained stable at 2 percent in June, Bank of Greece (BoG) figures... of 479 million euros in June from deductions of 357 million in May. June additions almost fully... to 95.71 billion in June. Following the notable additions in June, the year to date lending flow turned
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Credit origination and transmission: Are Greek banks part of the problem or the solution?
Agoracredit to the private sector declined by 3.9 per cent year-on-year. The pace of credit contraction... constraints and new credit transmission channels As graph 2 (below) underlines, the total volume... will remain constrained in Greece. SMEs and many private households will experience the downside
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General govt primary cash surplus at 1.78 bln in June, arrears drop by 3 mln
EconomyMacroeconomyGreece’s general government (gg) primary cash surplus came to 1.78 billion euros in the first six months of the year, up by 263 million euros compared to the same period last year, according to the Finance Ministry’s (MoF) monthly gg bulletin. In the underlying subcategories, the biggest year
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