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Greece sees deal by June 5 but size of gaps tells different story
PoliticsGreek Politicsto growing uncertainty and speculation about capital controls, the prospect of a deal not being approved... has so far denied any plans to impose capital controls and the Bank of Greece did not ask this week
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S&P lowers Greek long-term rating by one notch to CCC-
Economyrating action) of Greek banks’ liquidity, which led to the imposition of capital controls. That said... creditor. According to S&P, an extended bank holiday involving capital controls will further weigh
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Moody's downgrades Greece's rating by one notch to Caa3
Economywill remain high. The imposition of capital controls will further undermine growth and Moody’s..., Moody’s expects Greek banks will remain closed for a longer period with tighter capital controls.
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Greek banks' liquidity position at the centre of attention
EconomyAn extraordinary meeting was held on Friday afternoon to assess the liquidity position of Greek banks after the imposition of capital controls on June 29. The meeting was headed by Deputy Prime... capital controls were imposed. Skai TV also reported that pension payments, via cashiers from
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Yes or no, complex political developments lie ahead for Greece
PoliticsGreek Politicsof banks and capital controls over the last few days. There also appears to be confidence in the government that banks will reopen swiftly and capital controls will be lifted soon but past examples
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What next for Greece's revenues and spending?
AgoraWith a bank holiday and capital controls in effect since June 29 and the government tabling an updated set of fiscal measures in an effort to resume negotiations for a new bailout programme... with the imposition of capital controls and banks closing. However, the latest expectations do not rule out
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June deposit outflow rises to 7.58 bln as total balance drops to lowest in 12 years
EconomyMacroeconomybillion In February, fuelled by heightened concerns on Grexit and impositions of capital controls... time to cover the anticipated weekly outflows of Greek banks amid capital controls with the daily
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Parliament's budget office rings alarm bell on economic prospects
EconomyMacroeconomycontrols. In PBO view, a rapid agreement with the European Stability Mechanism (ESM) on a reform... of an 80 percent nosedive in consumption post capital controls and lack of liquidity, PBO estimates
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Manufacturing PMI falls to record low in July, new business sees biggest drop
EconomyMacroeconomythe 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
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Stock market at lowest since Sept 2012 after shares fell by 16.23 pct on reopening
Economycontrols on June 29, whilst the domestic market had recorded strong gains of 16 percent in the last... of capital controls with current estimates pointing to a recession of 2 – 4 percent, according
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