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S&P leaves Greece's 'BBB' rating unchanged, hints at slower pace of upgrades
EconomyS&P on Friday reaffirmed Greece’s sovereign credit rating at ‘BBB’ with a stable outlook, citing confidence in the country’s fiscal discipline, solid economic growth, and an improving banking sector. In April, S&P was among the agencies that advanced Gr...
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Tsipras hints at June launch for new party as poll suggests disruption potential
PoliticsGreek PoliticsFormer PM Alexis Tsipras took a significant step towards forming a new political party with a public speech on Monday, in which he hinted at a June launch. Tsipras addressed an audience at a gathering organised by a northern Athens citizens' initiative ...
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Newsletter 458 - 04/04/2025
Minister Nikos Dendias confirmed last Friday that members of Greece’s armed forces would see their pay... Kyriakos Mitsotakis and Defence Minister Nikos Dendias before Parliament in a special session... on its products sold to the US. This comes following the 25 pct tariffs imposed on aluminum and steel
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Referendum call finds Greek banks teetering on the edge
Economyfrom the banks’ ATMs. This picked up on Saturday when a large number of ATMs ran out of banknotes... of May. The BoG figures also showed that banknotes in circulation rose by 15.1 billion euros... in banknotes in circulation mean that this amount in cash is now held by depositors outside the banking
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Sharp drop of 5.3 bln for Greek ELA funding after completion of capital increases
EconomyMacroeconomythat the banknotes in circulation slipped for the third straight month by 287 million to 48.64 billion euros at the end of October. Over the past three months, banknotes in circulation have dropped... the country entered into political turmoil, banknotes in circulation had grown by 20.34 billion until
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ELA funding down by 8.6 bln in Dec for sharpest drop since July
EconomyMacroeconomybalance sheet also displayed that the banknotes in circulation slightly eased for the fourth successive month by 261 million to 48.38 billion in December. Since July, banknotes in circulation have... that banknotes in circulation had grown by 20.34 billion since December 2014, when the country entered
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Eurosystem funding down by 1.4 bln in Jan due to lower reliance on ECB funding
EconomyMacroeconomyin January. The BoG financial statement also showed that the banknotes in circulation fell for the fifth straight month by 809 million to 47.57 billion in January. Since July, banknotes in circulation.... Banknotes in circulation had risen by 20.34 billion from December 2014, when the country entered
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Eurosystem funding slips by further 1.9 bln to 104.2 bln in Feb
EconomyMacroeconomystatement also showed that that banknotes in circulation slipped for the sixth consecutive month..., banknotes in circulation have risen by 17.18 billion. The upward movement peaked at 20.34 billion in June.... Since then, banknotes in circulation have declined by 3.17 billion.
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Eurosystem funding falls 8.6 bln in June in aftermath of waiver reinstatement
EconomyMacroeconomyof banknotes in circulation that slightly fell for the second straight month by 442 million in June, broadly similar to the drop of 427 million recorded in May. As a result, banknotes in circulation edged... in the form of banknotes was kept under mattresses, while one third was transferred to bank accounts
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Eurosystem funding falls by another 4.4 bln in August
EconomyMacroeconomyon the evolution of banknotes in circulation. They eased by 1.01 billion month on month, which... at 45.43 billion euros at the end of August, which is the lowest reading since May 2015. Overall, banknotes... billion over this period, also attributed to deposit inflows. Although banknotes in circulation have
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