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Uptick in time deposit rates, mixed trends in corporate loans
EconomyMacroeconomymid-2013 when the last round of Greek bank consolidation took place. Back in 2012, there were more than... rates remain 300-400 bps higher than euro area average figures. In the household segment, the most... in the average loan rate more than offset the marginal rise in the average deposit rate leading the average
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New fiscal measures aim to edge Greece closer to deal with lenders
EconomyMacroeconomy) and more than 5 billion (3 percent of GDP). According to local media, the measures... percent for income higher than the 100,000-euros mark. The proposed increase by 50 percent for incomes... in the luxury tax rate applied on cars with large engine capacity (less than 10 years old), pools
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Apartment prices down by 3.9 pct in Q1 for seventh straight QoQ fall
EconomyMacroeconomyof appraisals, while the value of transactions shrank by more than 93 percent. According to the evolution... than 14 percent from their peak five years ago. Another worrying factor is the jump in the non-performing housing loans to 28.1 percent at the end of September 2014 from less than 10 percent in 2010
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Alexis's choice
Agorathat he prefers the option of agreeing with lenders rather than being left in limbo, or worse. Securing... that less than six months ago, his predecessor Antonis Samaras was unwilling – or not able – to pass... come to less than 200 euros per month. Once Tsipras and his party go behind closed doors to mull
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Newsletter 28 - 29/05/2015
of the more than 90 billion euros in deposit outflows before June 2012 were sent offshore, while... the second had an even lower outcome, with less than 150 million euros of deposits returning to Greek banks, generating less than 10 million in revenues for the authorities. Economic sentiment falls Greece’s
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Greece and Albania at loggerheads over hydrocarbons research in Ionian
PoliticsGreek Politicsit would be easier to begin hydrocarbon exploration in the Ionian Sea rather than in the Aegean... than maintaining good neighbourly relations. Greek Foreign Ministry spokesman Konstantinos Koutras... hardening its stance and going much further than criticising Rama’s comments. Prime Minister Alexis Tsipras
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OECD slashes 2015 growth forecast to just 0.1 pct, raises unemployment and debt figures
EconomyMacroeconomy, which is significantly lower than the previous estimate of 6.8 percent. However, a strong rebound of 5 percent is anticipated for 2016 albeit lower than the 7.7 percent previously forecasted. The OECD... Greek exports could be higher than anticipated as the impact of the competitiveness gains may
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SYRIZA prepares to debate deal as Tsipras's options narrow
PoliticsGreek Politicsto its lenders on Monday, rather than to receive an ultimatum as most media have reported. The details.... Despite reports that creditors are making demands that are tougher than many expected, SYRIZA... IMF payments together at the end of month rather than paying them when they are each due. The ECB
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Minor movements in Greek deposit and loan rates in April
EconomyMacroeconomy. Back in 2012, there were more than 15 banks in the Greek market with the smaller ones markedly... higher than 1 million euros remained almost stable at 4.98 percent. Greek corporate lending rates stand 300-400 bps higher than the respective eurozone average figures. In the household segment, the most
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Sharp drop in gg primary surplus by end-April, arrears keep rising
EconomyMacroeconomyThe general government (gg) primary cash surplus narrowed by more than 59 percent to 651 million...). This reflects a 13.8 percent drop in revenues to 10.43 billion, more than offsetting a 4.2 percent... million more than offset by a decline in EFSF/ESM/IMF loan balance by 560 million, fully attributed
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