Search
-
HFSF 2013 annual report unveils accumulated losses of 15.1 bln and potential recovery value of 34.4 bln
EconomyBankingpaid-up capital of 49.7 billion. The difference of the two figures primarily stems from...: a) an increase in capital by 7.2 billion, from the last tranche of EFSF notes HFSF received at the end... by the four systemic banks in December 2012 for their capital advance. On the cost front, personnel
2% -
UnLuCky for some: Another painful lesson from the euro crisis
Agoralevel and that capital flows would lead to a convergence of income levels within the euro area. Current... this sales pitch: When the crisis stuck and there was a classic case of a sudden stop of capital flows... for exporters, who in the absence of a functioning banking system to finance working capital were starved
2% -
Finance Ministry challenges SYRIZA's plans for economy, ups cost
Economy’ capital. Taking into account that the state’s average stake in the four recapitalized banks stands...), reallocation of the Hellenic Financial Stability Fund (HFSF) capital buffer (3 billion... result in a rapid capital and deposit flight abroad with a consequent negative impact on confidence
2% -
Does Greece need a third programme?
Agorabond markets in April after a three-year forced hiatus. Being able to regain access to such capital... such as the European Stability Mechanism think about Athens’ determination to spend considerable political capital... political economy it is necessary to broaden the focus of current deliberations in various capital
2% -
Managing an orderly Greek exit from the memorandum
Agorathink about Athens’ determination to spend considerable political capital on such an exit strategy... to refinance itself through international capital markets in 2015 is a high-risk strategy. More importantly, in the course of 2014 Greece returned to international capital markets twice, first in April
2% -
How SYRIZA says it will fund its economic policies
Economyby the following four funding sources: 1) Utilization of the Hellenic Financial Stability Fund (HFSF) capital... of this backstop facility would be used for the cost of capital for a new intermediary body to manage... capital for anything other than bank recapitalisation requires approval by the Eurogroup as well as from
2% -
EU makes dramatic revision to economic forecasts, sees recession of 2-4 pct this year
Economyof administrative measures on the banking sector (capital controls). Long-term growth is anticipated... and the severe policy slippages in the first half of 2015 coupled with the imposition of capital...-performing loan (NPL) resolution process, imposition of capital controls and payment culture, a capital
2% -
Manufacturing PMI falls to record low in July, new business sees biggest drop
EconomyMacroeconomyincluding output, new orders, employments and stocks. This was mainly led by the capital goods... the impact of capital controls on demand coupled with a generally uncertain operating environment... to the capital controls in conjunction with the limited availability of some items. As a result, stocks
2% -
Newsletter 38 - 07/08/2015
The imposition of capital controls on June 29 has had a clearly negative impact on consumption... such as supermarkets is less severe. Capital controls and bank shutdowns have clearly led to a radical... capital controls were imposed. However, Greece was ranked last in non-cash payments per capita in the EU
2% -
Q2 GDP rebounds by 0.9 pct QoQ on higher consumption and falling imports
EconomyMacroeconomyas well as increased taxation on income and real estate property. Investments Gross fixed capital... this is expected to significantly slow down in Q3 due to the imposition of capital controls. Since 2008... of capital controls, it is expected that a similar performance will be evident in Q3. Note though that due
2%