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Newsletter 24 - 24/04/2015
incremental ELA usage of 1.1 billion in just one week. From Riga with nought Greece fails to secure
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Commission slashes 2015 Greek growth forecast to 0.5 pct, sees debt rising
Economyof 1.1 and 1.6 percent respectively forecasted before three months. Lower GDP growth and worsening
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Eurogroup leaves Greece in limbo, with liquidity drying up
PoliticsGreek Politicsconsequences. The governing council decided on Tuesday to increase Greece's ELA limit by 1.1 billion
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Eurosystem funding for Greek banks up by 5.6 bln in Apr, reaches 112.8 bln
EconomyMacroeconomyso far in May, by 2 billion on May 6 and by 1.1 billion on May 12 taking it to 80 billion. Bank
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Eurobank posts loss of 94.4 mln in Q1 as NPLs, Eurosystem funding rise
EconomyMacroeconomy-Bills and Greek government bonds of 3.1 billion, covered bonds of 2.2 billion and other of 1.1 billion
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How Greek banks can balance on the collateral tightrope
Agoradecided on May 12 to lift the ELA cap for Greek banks by 1.1 billion to 80 billion. Banking sources
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Another week of losses for Greek stock market amid topsy-turvy ride
EconomyCorporation – PPC (+1.1 percent). On the flipside, the biggest underperformers involved: Piraeus
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Greece and lenders talk at cross purposes, head for crisis summit
PoliticsGreek Politicsan increase in the ELA cap by 1.1 billion but reports suggested that around 1 billion euros was withdrawn
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Credit contracts by slower rate of 2.1 pct in May
EconomyMacroeconomy. The breakdown by segment showed the contraction in corporate lending significantly slowed to 1.1 percent
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PMI falls to 46.9 pts in June in ten straight months of contraction
EconomyMacroeconomyGreece’s Manufacturing PMI eased by 1.1 points to 46.9 in June from 48 in May, according to Markit. The headline figure indicates the second lowest reading in the last two years, while remains below the 50-point mark implying a contraction for the tenth successive month. The survey data displayed
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