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What capital controls will mean for Greek banks, customers and the economy
EconomyAs was expected, the referendum announced by the Greek Prime Minister Alexis Tsipras on Friday evening triggered a series of negative repercussions for the Greek banking system. The most prominent among these was the declaration of a bank holiday from June 28 until July 6 and the imposition
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Greek deposit rate almost stable, loan rate slightly up in May
EconomyMacroeconomy. The interest rate in loans to sole proprietors eased by 6 bps to 7.73 percent. Overall, the weighted average
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Newsletter 33 - 03/07/2015
Capital controls pile on stress Banks can only reopen with Eurogroup approval The imposition of capital controls and a forced bank holiday for six working days, from 29 June to 6 July at the earliest... is unlikely to en masse favour being part of a national emergency government. The other possibility
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General gov't cash primary surplus to May halves, arrears keep rising
EconomyMacroeconomycontributor with its cash surplus climbing to 1.43 billion from just 6 million in the corresponding
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What this week's VAT changes mean for household budgets and public coffers
EconomyProgrammeThe first draft bill with prior actions that was voted in the Greek parliament early on Thursday included a large reshuffling of VAT rates. The new basic VAT rate was set at 23 percent, while a reduced rate of 13 percent and a super-reduced of 6 percent (from 6.5 percent before) were also applied
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What's likely to be in the next multi-bill of prior actions Greek MPs will vote on
EconomyProgrammeyears of contributions. The previously applied lower retirement ages will be gradually increased by 6
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ELA funding up by 9.2 bln in June, banknotes in circulation reach all-time high
EconomyMacroeconomygovernment bonds. On July 6, the ECB Governing Council decided to adjust the haircut applied
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Travel receipts up 17 pct in May as average expenditure per trip rebounds
EconomyMacroeconomydeceleration in June with the growth rate landing at 3.2 percent from 6 percent in May. The year
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Stand-off within SYRIZA to continue as Konstantopoulou stands firm
PoliticsGreek Politicsare September 6, 13 or 20.
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New Democracy finds compromise but SYRIZA seemingly heading for clash
PoliticsGreek Politicsthat if there are snap elections (September 6, 13 and 20 have been mentioned as possible dates) Meimarakis
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