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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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July credit contraction at 1.5 pct, slowest since Aug 2011
EconomyMacroeconomyalmost at 500 million. Balances fell by 2.5 percent to 25.69 billion. The imposition of capital... of the capital controls and the deteriorating macro environment, a key risk factor for credit expansion
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Even week for Greek stocks but trading thins out
Economy. At the same time, Greek investors remain constrained due to the imposition of capital controls... value in the period after the imposition of capital controls. Alpha share excelled by far among
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July trade deficit lands at 715 mln as imports post biggest drop on record
EconomyMacroeconomyto the imposition of capital controls (as of June 29) with imports plunging by 32 percent, while exports also... to a lesser extent by the capital controls with the absolute figure reaching 2.31 billion, which
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