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Fitch keeps Greece's rating at 'CCC'
EconomyIn its scheduled rating review on Friday, Fitch affirmed Greece’s rating at ‘CCC’, where it was initially placed on March 28. The rating agency highlights that lack of market access and uncertain prospects of timely disbursement from the official creditors coupled with tight liquidity conditions
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Alexis's choice
Agoraa deal will be some feat. The suggestion last week that the red lines on pensions and labour market
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Close call on IMF payment puts Tsipras under more pressure at home, abroad
PoliticsGreek Politicsat the IMF that the government is moving backwards in terms of pensions, the labour market
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Back to the technocrats for Tsipras after Riga meeting yields little
PoliticsGreek Politicsremain open. Sakellaridis said there has still not been any conversion on pensions and labour market
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Newsletter 27 - 22/05/2015
of in their bilateral relationship over the past two decades. This has led international investors and market
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Travel receipts up 13.3 pct in March as tourist arrivals increase by 34.4 pct
EconomyMacroeconomy, the 4-month arrivals dropped by 6.8 percent. Market sources have indicated that the current uncertainty over
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Greece sees deal by June 5 but size of gaps tells different story
PoliticsGreek Politicsreportedly believes that it is close to a deal on two key areas: pension and labour market reform
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Alpha Bank reports lower losses of 115.8 mln in Q1 2015
EconomyBankingpercent in Q1 from 62 percent in Q4 and remains the highest in the Greek market. In absolute terms
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Deposit outflow rises to 4.7 bln in April as balances drop to lowest since Sept 2004
EconomyMacroeconomyin banknotes and short-term instruments (mainly money market funds), while the remaining one-quarter
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Greek credit contracts by 2.4 pct in April for slowest drop since 2011
EconomyMacroeconomydetermine the banks’ ability to grant once market conditions are normalised.
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