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Newsletter 15 - 13/02/2015
. While it may be fairly simple to name the agreement in another way, finding another monitoring... for Greek banks peaked to 124 billion in May 2012. It is estimated that the bulk of this collateral...,” Iglesias told the crowd in rudimentary Greek. While that may have stirred the crowd’s passion
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Greece: The moment of truth is inexorably approaching
Agoraelections were won by a broad nationalist-populist coalition and not by a mere leftist party. While it may... controls as the country may experience significant capital flight; and c) it would have... entail significant risks for SYRIZA as the gravity of the situation may boost New Democracy (as it did
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Newsletter 23 - 17/04/2015
Deal speculation moves to May Tsipras will find it tough to overcome key differences May 11... by May 11, let alone the end of this month, do not look particularly strong at this stage. Loan... to the IMF) to pay in May and it seems unlikely that it can do this without receiving at least some
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Lack of liquidity, political cost push Greek gov't to seek swift deal with lenders
PoliticsGreek Politicsto the process, even earlier than the next scheduled Eurogroup on May 11. Liquidity shortage This may... members, may have concentrated minds in the Greek government. The practical problems being caused... of those polled said they disagreed with the coalition’s approach. The concern that it may run out
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What higher ECB haircuts on collateral could mean for Greek banks' liquidity
Economyconference, ECB President Mario Draghi emphasised that the governing council may have to review... they may further issue an additional amount of 40 billion up to the current legal cap of 85 billion. Banking sources indicate that ELA-eligible loans of 40 billion may also be used in the future for ELA
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Greece eyes temporary solution to liquidity problem from Brussels Group talks
PoliticsGreek Politicsrescheduled for May 6. However, it is clear that despite its efforts to collect the cash reserves from... needed to cover the next IMF payment of close to 750 million euros on May 12, a day after the next... that the country may even slip into recession again. This means that each side’s projections
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Tsipras suffers serious knocks in prior actions vote but emerges on his feet
PoliticsGreek Politicsby Euclid Tsakalotos and Tsipras may also choose to instigate the removal of Konstantopoulou from her post.... There is a possibility that Tsipras may take this opportunity to conduct a wider reshuffle, involving... into the open with any proposals it may have. The government’s stability over the next few weeks may
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Which way now, Mr Tsipras?
Agoraa party as SYRIZA may be, balancing the desires of those who are now openly advocating an exit from... until a productive discussion on debt relief (which may yet be his personal vindication from all... will be sent tumbling out of the euro. Schaeuble may not have got what he wanted at the weekend summit, where
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June deposit outflow rises to 7.58 bln as total balance drops to lowest in 12 years
EconomyMacroeconomyin May, according to the Bank of Greece (BoG). The outstanding balance fell further to 122.23 billion.... That said, almost 70 percent of June withdrawals were in cash compared to 45 percent in May. As in May, the withdrawals in June are primarily attributed to time deposits, which posted outflows of 7.9
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Varoufakis and his friendly fire
Agorawith creditors or face defaulting on the European Central Bank and he may be contesting his second... interest is to tell a good tale, regardless of how damaging the consequences may be. In a recent TV... ERT earlier this month. Tsipras may now be wondering if Varoufakis is a good government colleague
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