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Retail sales drop for thirteenth straight month by 5.2 pct in June
EconomyMacroeconomythe rate of fall accelerated as of July after the imposition of capital controls. The June 2016
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Stable rate in time deposits, corporate loan rates pick up in July
EconomyMacroeconomyGreek households’ new time deposit rate was kept stable at 0.86 percent in July, Bank of Greece (BoG) data showed on Thursday. This rate is hovering around 0.85 to 0.88 percent in the last five months, after a notable drop by 90 bps following the imposition of capital controls at the end of June
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Alpha Bank reports net losses of 16.8 mln in Q2
EconomyBankingbanking system by the end of the year mostly on the back of capital controls’ relaxation. However
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Fitch affirms Greece’s rating at ‘CCC’
Economyin 2018. On the banking sector, Fitch estimates the recent partial relaxation of capital controls
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H1 exports show notable fall in many sectors but agricultural products buck trend
Economy. These include lack of liquidity, capital controls, state arrears to the private sector, delays
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Trade deficit expands by record 88.9 pct in July
EconomyMacroeconomyimports plummeted 32 percent in the wake of capital controls. In addition, exports contracted
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Newsletter 87 - 09/09/2016
effect in July 2015, when imports plunged by 32 percent following the imposition of capital controls
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Current account surplus falls to 1.4 bln in July
EconomyMacroeconomysurplus is mostly due to lower net transport receipts mainly attributed to capital controls. In addition
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After Article IV consultations IMF says challenges remain, substantial debt relief is needed
EconomyProgrammeand strengthen incentives for sustainable restructuring measures and NPL sales. Moreover, capital controls
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Government caught between milestones and corruption claims
PoliticsGreek Politicssuffered an outflow of deposits and capital controls were implemented. The coalition is trying to fight off
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