Search
-
What the latest set of prior actions mean for home foreclosures
Economyprice of foreclosures’ auctions will be much lower than before (around 30 percent on average... limited at the moment and mainly involve large buildings rather than homes. Government sources said... euros and property value up to 200,000 euros, which are stricter than those proposed by the current
1% -
No further damage for Tsipras in second vote as SYRIZA stand-off continues
PoliticsGreek Politicsabstaining and two not voting. This gave Tsipras one more “Yes” vote than last week. More... on her role, which is meant to be institutional rather than political, the parliamentary speaker... than Tsipras abandoning SYRIZA’s positions. Konstantopoulou did not give any indications in her speech
1% -
Economic sentiment fell to 81.3 in July for the sharpest historical monthly drop
EconomyMacroeconomy, whilst the current ESI reading is 22.9 points lower than the post-crisis high of 104.2 recorded a year... 2012. Since then, it had posted a considerable improvement by more than 26 points until June 2014... the highest monthly drop plummeting by more than 22 points to -25.9, whilst the construction confidence fell
1% -
Newsletter 37 - 31/07/2015
, with less than three weeks left in which the various sides should – theoretically – come to an agreement... than 12 years, since November 2003. In addition, June outflows are the third biggest since last... obligations in 2015 and 2016 to the IMF and the ECB than on the country’s overall debt-to-GDP ratio
1% -
Drop in corporate loan rates led the average loan rate at a new historic low
EconomyMacroeconomy. At that time more than 15 banks were operating in the Greek banking market. After a series of M&A... in the domestic market controlling more than 95 percent of deposits. However, the Greek time deposit rate... loan rates remain 200-300 bps higher than the respective average eurozone figures. In the household
1% -
Refugee crisis poses multiple political challenges for Tsipras
PoliticsForeign Policythe presence of immigration-related problems in the city centre (more than 400 people, mostly from... total of 224,000). This represents a rise of more than 750 percent on the figures for the same period last year. “In July alone, 50,000 new arrivals have been reported, 20,000 more than the previous
1% -
Early gains in Greek stocks cancelled out in second half of week
Economyis becoming unsustainable. Banks rebounded 7.3 percent this week after a nosedive by more than 58 percent last week. The improved performance is mostly perceived as a technical reaction rather than... 1 percent to 3.15 billion on negative currency effects. EBIT improved significantly by more than 31
1% -
Outflows ease to 1.5 bln in July but deposits reach lowest level since May 2003
EconomyMacroeconomyin more than 12 years, since May 2003. July withdrawals are fully attributed to time deductions of 7.65... climbed to 44.42 billion euros corresponding to more than 27 percent on the end-November deposit balance... and other obligations as well as for consumption rather than for retaining them in safety boxes
1% -
Sixth straight fall for economic sentiment in August as it plunges by 6.1 pts
EconomyMacroeconomythan 26 points until June 2014. Since then, it has been heading downward, with a significant... dropping by more than 12 points in July. Services confidence tumbled by more than 15 points to -42.8.
1% -
Marked drop of 50 bps in new time deposit rate in July amid capital controls
EconomyMacroeconomydominate more than 95 percent of the market. The legislative act on capital controls prohibits..., the Greek time deposit rate remains more than 60 bps above the eurozone average of 0.68 percent...) and France (1.33 percent). Overall, the weighted average rate on new deposits fell by more than 30
1%