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Omnibus bill passes but leaves marks on coalition and SYRIZA
PoliticsGreek Politicsso Athens could receive further bailout funding but the process may have inflicted lasting damage... strategy for May’s local and European Parliament elections, when the two parties hope to present... reason for Tsipras’s move may have been to put Stournaras under scrutiny. The finance minister suggested
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What is the bookies' take on the Greek local elections?
PoliticsGreek Politicsfor Ilias Kasidiaris had substantially narrowed from 13 a week ago to 4.50 on May 18. In contrast, Sakelaridis’ odds widened from 4.20 on May 10 to 7.50 on Sunday. Aris Spiliotopoulos remained... elections, the odds from two betting companies - Sportingbet and Goalbet – were similar until May 18
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Greek banks' Eurosystem funding at lowest since Jan 2010; ELA also wiped out
EconomyMacroeconomyGreek banks’ Eurosystem funding fell by 11.3 billion euros in May, the highest monthly drop since... figure landed at 50.66 billion at the end of May, which is the lowest reading since January 2010... from 3.12 billion in April. The sharp drop in May had been communicated in Greek banks’ Q1 results
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Credit contracts by 3.5 pct in June, balances at 214.81 bln
EconomyMacroeconomy963 million in May. The negative flow in June mainly reflects corporate and housing lending net... & private non-profit institutions eased 3 percent in June, unchanged from May, with balances remaining... to 128 million in June from 246 million in May. In particular, housing loan balances retreated 3.2
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Newsletter 21 - 27/03/2015
that Greece may achieve a primary surplus of 1 percent of GDP this year if the government does... rates on Aegean islands, but government sources said that was a personal view. before May. Although... of €22.9 million for the life of the concession, as agreed last November, may be finalised. However
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As hopes of April 24 deal fade, differences between Greece and lenders remain
PoliticsGreek Politicsunlock funding will carry over into May. Although some Greek government officials insist a deal... that the regular meeting of eurozone finance ministers on May 11 will be the next potential date for some kind.... The failure to reach a deal on April 24, with negotiations possibly dragging on into May, will lead to greater
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Referendum call finds Greek banks teetering on the edge
Economysector outflows of 35.3 billion from December until the end of May. When public sector withdrawals... of May. The BoG figures also showed that banknotes in circulation rose by 15.1 billion euros in the December-May period, corresponding to around 43 percent of private sector outflows. The outstanding
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What capital controls will mean for Greek banks, customers and the economy
Economyof capital controls via a legislative decree. During the bank holiday, which may later be extended... to the limit set by the card issuer. However, the Finance Minister may restrict the withdrawal limit... of payments or money transfers are carried out at the bank cashiers · An imminent problem may also arise
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Newsletter 33 - 03/07/2015
, sharpened the already significant liquidity issues in the Greek market. Between December and May... of banknotes in circulation rose by 15.1 billion euros in the December–May period, accounting for 43... was due by the end of May, was extended until the end of June and then again to 20 July
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With review completion in sight, which way next for Greece?
Agoraand bailout funds that would flow from an agreement (possibly at the May 24 Eurogroup) would provide... in indirect taxes) should not pose a problem. There may be some reservations in the government’s ranks over... be the next programme review, which is expected to begin in September/October. This may contain some
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