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Drop in corporate loan rates led the average loan rate at a new historic low
EconomyMacroeconomy. At that time more than 15 banks were operating in the Greek banking market. After a series of M&A... in the domestic market controlling more than 95 percent of deposits. However, the Greek time deposit rate... loan rates remain 200-300 bps higher than the respective average eurozone figures. In the household
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Refugee crisis poses multiple political challenges for Tsipras
PoliticsForeign Policythe presence of immigration-related problems in the city centre (more than 400 people, mostly from... total of 224,000). This represents a rise of more than 750 percent on the figures for the same period last year. “In July alone, 50,000 new arrivals have been reported, 20,000 more than the previous
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Early gains in Greek stocks cancelled out in second half of week
Economyis becoming unsustainable. Banks rebounded 7.3 percent this week after a nosedive by more than 58 percent last week. The improved performance is mostly perceived as a technical reaction rather than... 1 percent to 3.15 billion on negative currency effects. EBIT improved significantly by more than 31
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Outflows ease to 1.5 bln in July but deposits reach lowest level since May 2003
EconomyMacroeconomyin more than 12 years, since May 2003. July withdrawals are fully attributed to time deductions of 7.65... climbed to 44.42 billion euros corresponding to more than 27 percent on the end-November deposit balance... and other obligations as well as for consumption rather than for retaining them in safety boxes
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Sixth straight fall for economic sentiment in August as it plunges by 6.1 pts
EconomyMacroeconomythan 26 points until June 2014. Since then, it has been heading downward, with a significant... dropping by more than 12 points in July. Services confidence tumbled by more than 15 points to -42.8.
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Marked drop of 50 bps in new time deposit rate in July amid capital controls
EconomyMacroeconomydominate more than 95 percent of the market. The legislative act on capital controls prohibits..., the Greek time deposit rate remains more than 60 bps above the eurozone average of 0.68 percent...) and France (1.33 percent). Overall, the weighted average rate on new deposits fell by more than 30
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Greek QE eligibility? We're not there yet
Agoracondition notes that the ECB will not buy more than 33 percent of the issuer’s debt and 33 percent... in Greek bonds, corresponding to more than 40 percent of total. Of this amount, 19.87 billion relate... remaining maturity of 2 years and a maximum of less than 31 years. This maturity range is applied
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Election Watch: What are Greeks voting for?
Agorathat it is a more reliable option than the flitty SYRIZA that took Greece to the edge of a euro exit... represent the country’s future, rather than its past. Then there are the defectors who formed Popular... air. So far there has been no indication that Popular Unity has any more coherent strategy than
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Greek stocks edge up, with banks rising for third straight week
Economyover the past two weeks, Greek shares are still more than 15 percent down since the beginning of August.... As a result, bank shares have lost more than 58 percent of their market value since the market.... During the two-day event more than 600 meetings were held between 150 fund managers and 28 Greek listed
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Tsipras and Meimarakis face off, bristle at idea of working together
PoliticsGreek PoliticsEvangelos Meimarakis was much livelier than a discussion involving seven party leaders last week... with it. Given that some polls show Meimarakis as being more popular than Tsipras, the SYRIZA leader... Democracy leader is taller than his SYRIZA counterpart. The final card played by Meimarakis after
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