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Greek banks in intensive care: What lies ahead?
Agoratax asset (DTA) makes up more than half of the reported equity. Overall, DTA amounted to 15.6... billion. From the beginning of 2016 the following three conditions must be met: a bail-in not less than 8... than eligible deposits. The Euro Summit statement also indicated that a new ESM programme for Greece
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Newsletter 35 - 17/07/2015
, higher than the IMF’s estimate of 1.5 billion. Moreover, assuming the implementation of the fiscal... on Tsipras to take this route rather than call snap elections. Nevertheless, even this option seems... respectively despite rising by more than 30 percent in March. April’s is fourth positive reading since
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Eurobank acquires Alpha network in Bulgaria, kicking off round of consolidation abroad
EconomyBankingthe fourth largest bank in Bulgaria in terms of loans and deposits operating with more than 200... the past five quarters while the cash coverage ratio has improved by more than 10 percentage points... million in Q2. Its NP ratio is worse than Postbank at 26.7 percent in Q1, yet with a higher cash
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ELA funding up by 9.2 bln in June, banknotes in circulation reach all-time high
EconomyMacroeconomyat 135.6 billion and was posted in June 2012. The increase by more than 10 billion in June is largely... General Council for this period and reflects the extended deposits of more than 8 billion in that month... Parliament of all required commitments. The sharp rise in the ELA funding to more than 91 billion
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Most Greek businesses feel capital controls impact, 69 pct see turnover drop
Economypercent a decline by less than 50 percent. Just 4 percent of companies displayed a rise in their turnover... of the surveyed firms said they estimate capital controls will remain intact for more than 3 month. In particular, 44 percent see them remaining for more than 10 months and 29 percent for 4-10 months
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Current account surplus at 407 mln in May - first positive balance since Sept 2014
EconomyMacroeconomy. The improved services’ surplus by more than 10 percent is primarily led by higher travel surplus... million and a widening of the secondary income deficit by 239 million more than offsetting a narrowing.... The significant decrease in the primary income surplus by more than 87 percent to 112 million
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What the latest set of prior actions mean for home foreclosures
Economyprice of foreclosures’ auctions will be much lower than before (around 30 percent on average... limited at the moment and mainly involve large buildings rather than homes. Government sources said... euros and property value up to 200,000 euros, which are stricter than those proposed by the current
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No further damage for Tsipras in second vote as SYRIZA stand-off continues
PoliticsGreek Politicsabstaining and two not voting. This gave Tsipras one more “Yes” vote than last week. More... on her role, which is meant to be institutional rather than political, the parliamentary speaker... than Tsipras abandoning SYRIZA’s positions. Konstantopoulou did not give any indications in her speech
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Economic sentiment fell to 81.3 in July for the sharpest historical monthly drop
EconomyMacroeconomy, whilst the current ESI reading is 22.9 points lower than the post-crisis high of 104.2 recorded a year... 2012. Since then, it had posted a considerable improvement by more than 26 points until June 2014... the highest monthly drop plummeting by more than 22 points to -25.9, whilst the construction confidence fell
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Newsletter 37 - 31/07/2015
, with less than three weeks left in which the various sides should – theoretically – come to an agreement... than 12 years, since November 2003. In addition, June outflows are the third biggest since last... obligations in 2015 and 2016 to the IMF and the ECB than on the country’s overall debt-to-GDP ratio
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