Search
-
The state of play with Greek banks' liquidity
Economyof Greek banks’ access to Emergency Liquidity Assistance (ELA) funding. The request submitted by the Bank... for precautionary purposes and involved all four Greek systemic banks, although National Bank (NBG.... According to the latest available Bank of Greece (BoG) data, Greek banks posted deposit outflows of 4.2
16% -
Current account deficit expands to 937 million in Feb
EconomyMacroeconomyincreased on the back of a rise of 267 million of non-residents’ holdings of Greek government bonds... by 3.1 percent to 145.1 million despite an increase in foreign arrivals by 2.6 percent. However
15% -
After Washington talks, debt relief and fiscal remain main obstacles on way to MoU exit
EconomyProgrammenot be contingent upon approval by the Eurogroup or ESM, nor on Athens meeting certain conditions...The clarity that the Greek government had hoped might emerge from the discussions at the sidelines... to Greece after the end of the bailout in August. The Greek media reported that during
15% -
Alpha Bank makes loss of 52.9 mln in Q2, reaching profit of 12.3 mln in H1
EconomyBankingeuros QoQ, out of which 16.7 million represents a one-off effect of the retrospective application... the suspension of the waiver programme, with the bank substituting Greek Government bonds and Treasury... their Greek peers. Furthermore, the fully-loaded Basel III CET1 ratio stood at 15.5 percent in June, taking
15% -
Learning the lessons of Greece's toxic decade
AgoraIn a recent opinion poll by MRB, those surveyed were asked who they would like to see as next Greek.... He famously claimed at the time that the Greek economy was “fortified” against shocks even though... of whether Greek society is emerging from this experience any wiser, the fact that one in four Greeks
15% -
Managing an orderly Greek exit from the memorandum
Agoraconditions set by the ECB in Frankfurt. The ECB has drawn attention to the fact that Greek banks cannot... to the Greek authorities. The European part of the programme expires end-2014, while the last disbursement... in the eurozone will come with strings attached for Greek and Cypriot banks. More specifically
15% -
Sept budget primary surplus confirmed at 4.47 bln, well above target
EconomyMacroeconomypayments came to 4.60 billion, 306 million euros under the target. For the same period last year... in expenditure against the target were mainly due to lower interest payment expenditure by 306 million euros... been incorporated to 2019 figures to cover the one-off payments of law 4575/2018 outstanding from
15% -
Tourism continues on upward trajectory as latest figures signal record-breaking arrivals
EconomyMacroeconomywere arrivals by land. Tourism remains a main pillar of the Greek economy, generating close to a fifth... that the year already surpassed arrival predictions. In particular, the balance of travel services came... down by 4.6 percent to 2,562. Record year The Greek Tourism Confederation’s (SETE) annual outlook had
15% -
New minister sets out plan for addressing migration challenges
PoliticsGreek PoliticsThe Greek government is hoping that the creation of new, closed reception centres for migrants... of the government’s approach. New Democracy is desperate to find a blend of policies that will appease the Greek... organisations.” However, for these returns to happen, the Greek asylum system will have to produce quicker
15% -
Lenders agree new loan disbursement, piecemeal approach to debt relief
PoliticsGreek Politicsthe Eurogroup. The funds for reducing arrears will also be contingent upon the Greek state managing to pay off its suppliers and others it owes money to. The money that will go towards covering debt... to the International Monetary Fund remaining involved in the Greek programme. Regarding the disbursement
15%