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Why doesn't Tsipras just cut defence spending?
Agorathe crisis began, more than 70 percent of the defence budget was used to pay staff but, according... been trimmed down, NATO spending requirements mean that it is required to invest more than 2
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Newsletter 32 - 26/06/2015
that the lenders would back down at the last minute, giving Tsipras a deal that would be better than... the institutions (led by the International Monetary Fund) rejected more than half of nearly 8 billion
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Greeceās price index falls to second lowest point in 12 years
SocietyCommunications are hugely more expensive while prices for transport services are considerably cheaper than the EU average, according to data on price levels on consumer goods and services released by Eurostat last week. Based on price surveys covering more than 2,400 consumer goods and services
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Credit contracts by slower rate of 2.1 pct in May
EconomyMacroeconomythat the outstanding balance of corporate loans fell by more than 3 billion month on month (MoM) below... since then, while balances dropped by more than 19 percent. The biggest decline over this period
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Referendum call finds Greek banks teetering on the edge
Economyamount stood at 45.2 billion at the end of May. The recent net increase of more than 15 billion euros... presentations released in late May unencumbered ELA liquidity buffer of more than 38 billion with NBG
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Referendum and the ECB to determine the future of Greek banks
Economyfor Greek government bonds (GGBs) and less than 10 percent for T-Bills. Pillar II bonds made up 45... have disclosed they held an ELA liquidity buffer of more than 38 billion (NBG and Piraeus at 12
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The lenders proposals on debt and funding needs that Greeks will vote on in referendum
EconomyProgrammeof arrears and reconstitution of state reserves. This means that more than 92 percent... in November from investors other than the general government upon an agreement with institutions
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Newsletter 33 - 03/07/2015
, the average deposit balance stands at less than 1,500 euros, half of Bank of Greece data shows the value... the first instalment of the personal income and property tax (ENFIA). More than 40 percent of tax... is unlikely to en masse favour being part of a national emergency government. The other possibility
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Greek banks' liquidity position at the centre of attention
Economystand at around 200 to 300 million euros per day, which are lower than those initially estimated when... in the current average haircut of 35 - 40 percent by more than 15 percentage points would wipe out
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After 'No' vote, pulling Greek banks back from brink a priority
Economyhave theoretically access to ELA liquidity of more than 25 billion under the current collateral... percent increases by more than 15 percentage points, this ELA buffer would wipe out leaving Greek banks
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