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ECB increases ELA limit for Greek banks in first positive signal since referendum
Economyin the December–June period exceeded 43 billion, with deposit balances close to 122 billion. This implies a drop
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Reshuffle of limited scope, ambition suggests elections on horizon
PoliticsGreek Politics. In December, Haikalis was at the centre of unproven accusations that there was an attempt to bribe him
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Credit contracts at slower pace of 1.7 pct in June, monthly loan flow positive
EconomyMacroeconomyof December from 34.2 percent at the end of last September. However, the NPL ratio resumed an upward
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Economic sentiment fell to 81.3 in July for the sharpest historical monthly drop
EconomyMacroeconomyApril, while the headline figure is the lowest reading since December 2014. Unlike ESI, consumer
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Newsletter 37 - 31/07/2015
December. Almost 70 percent of June withdrawals were in cash compared to 45 percent in May. At 122.23
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Drop in corporate loan rates led the average loan rate at a new historic low
EconomyMacroeconomyGreek households’ new time deposit rate remained at 1.81 percent in June unchanged from the previous month, according to the Bank of Greece (BoG). This means that despite the extended deposit outflows of around 43 billion since December, the rate on new time deposits was kept stable over
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General gov't primary cash surplus shrinks in first half of 2015 as state arrears grow
EconomyMacroeconomyAssistance (ELA) bank guarantees from zero in December to 45.14 billion in June, whilst bank support
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Bank recap and NPL management create conundrum in bailout talks
Economy), the respective ratio reached almost 40 percent at the end of last December, while the absolute figure
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This is the government's strategy on banks and NPLs as part of third bailout
Economy. By the end of December, the authorities will establish coordination mechanisms to address large state
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Outflows ease to 1.5 bln in July but deposits reach lowest level since May 2003
EconomyMacroeconomy, the aggregate figures for the 8-month period that started last December displayed total outflows
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