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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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IMF urges substantial debt relief for Greece
EconomyProgrammeunsustainable. The IMF stresses that the closure of Greek banks and the imposition of capital controls... banks could mean further capital injections in the future. The IMF concludes that the sharp
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What the latest set of prior actions mean for home foreclosures
Economy) of Greek banks to identify their possible capital shortfalls will start in mid-August. The results...’ interest to cover their capital needs by the end of the year.
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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
EconomyMacroeconomy, the referendum call and the end of the previous bailout programme that led to the imposition of capital... of an 80 percent nosedive in consumption post capital controls and lack of liquidity, PBO estimates
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From the troika to the quartet
Agorais at stake, with capital controls in place and a working relationship with its eurozone peers defined... for the next three years. The ongoing capital controls, which have been gradually fine-tuned for households
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Industrial turnover fell 13.4 pct in June for second biggest drop since Oct 2009
EconomyMacroeconomyplunged 34.1 percent, while capital goods posted a mid-single digit drop of 4.9 percent. In contrast... a record drop in new orders as bank closures and capital controls badly hampered normal business
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Outflows ease to 1.5 bln in July but deposits reach lowest level since May 2003
EconomyMacroeconomyGreek private sector deposit outflows fell to 1.51 billion euros in July from 7.58 billion in June, according to the Bank of Greece (BoG). The slowdown reflects the imposition of capital controls... respectively. Due to the capital controls and the restrictions imposed on the manual renewal of time
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