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  1. What capital controls will mean for Greek banks, customers and the economy
    Photo by MacroPolis

    Economy

    As 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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  2. 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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  3. Greek government's proposals to bridge gap with lenders appear to fall short

    EconomyProgramme

    contributions for pensioners to 6 percent (from 5 percent in the previous Greek proposal). Moreover

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  4. Where the key differences between Greece and the institutions lie

    EconomyProgramme

    contribution for main pensions from 4 to 6 percent and extension for supplementary pensions

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  5. Newsletter 33 - 03/07/2015

    Newsletters

    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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  6. General gov't cash primary surplus to May halves, arrears keep rising

    EconomyMacroeconomy

    contributor with its cash surplus climbing to 1.43 billion from just 6 million in the corresponding

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  7. The key numbers behind the latest Greek proposals

    EconomyProgramme

    revenues at 47 million per annum in 2015-2016 6) Taxation with 30 percent on gross gaming revenues

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  8. What this week's VAT changes mean for household budgets and public coffers
    Photo by MacroPolis

    EconomyProgramme

    The 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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  9. Bank holiday to end but capital controls remain and some transactions forbidden
    Photo by MacroPolis

    Economy

    rates are effective as of July 20. Moreover, the hotel VAT rate is set at 6 percent until September

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  10. Travel receipts up 17 pct in May as average expenditure per trip rebounds
    Photo by MacroPolis

    EconomyMacroeconomy

    deceleration in June with the growth rate landing at 3.2 percent from 6 percent in May. The year

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