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ECB set to provide extra liquidity to Greek banks but capital needs remain an issue
Economyunder pillar III), Greek government bonds (close to 6 billion post PSI and debt exchange in late... Governing Council meeting on November 6. It is expected that any move by the ECB would be closely tied
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What does a bailout exit with a precautionary credit line mean for Greece?
EconomyProgrammeEurogroup President Jeroen Dijsselbloem announced after the November 6 Eurogroup that “there is a strong support for a precautionary credit line in a form of Enhanced Conditions Credit Line (ECCL... of strike framework to European standards. 5) Justice system reform. 6) Restructuring of hospitals
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Newsletter 5 - 28/11/2014
markets. Unlike an application for a precautionary credit line (ECCL) or 6- or 12-month extension... is that with PASOK polling under 6 percent in most opinion polls, success would be hard to come by if one
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Conditions for Greek ECCL reportedly outlined in German document
EconomyProgrammethat Greece’s funding needs for 2015 range between 6 and 12 billion euros. This means that the 10.9... access is not possible without a safety net. 6) Continued improvement of external balance
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Contraction in Greek credit eases slightly to 3 percent in November
EconomyMacroeconomyadditions in corporate lending for the second month in a row, albeit only marginal (6 million... marginally positive at 6 million in November from net additions of 209 million in October. The growth
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Bookies' odds against SYRIZA emerging with majority from Sunday's elections
PoliticsGreek Politicsin Parliament, which are seen by bookies at 6 or 7 with a marginal deviation among the two options. In particular, odds for 6 or 7 parties stand at 2 and 2.10 respectively, while those for 8 or more
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Greek credit contracts by 3.1 pct in December
EconomyMacroeconomyconsecutive month and landed at 212.04 billion at the end of December implying a drop by almost 6 billion... inflows of 6 million in November. Loans to sole proprietors slipped by 0.3 percent in December
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Greek retail turnover index down 1.6 pct in November
EconomyMacroeconomyand tobacco (-6 percent), pharmaceuticals products and cosmetics (-5.2 percent) and automotive fuel (-4.9... and electrical and household equipment plunged 53.5 percent over the past 6 years, followed by retail sales
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Greek time deposit rate falls to 1.82 pct in Dec, lowest during euro membership
EconomyMacroeconomyThe interest rate on households’ new time deposits continued heading south for the ninth straight month in December, when it fell by 6 basis points (bps) to 1.82 percent, according to the Bank... the average spread down for the second successive month by 6 bps to 3.88 percent at the end
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Newsletter 14 - 06/02/2015
that this will happen gradually and following consultations with employers and unions. 6. Alternate Administrative... for the ninth straight month in December, dropping by 6 basis points to 1.82 percent, according to the Bank
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