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Greece raised lower than expected amount from 3-year bond issue, yield at the high end
Economywas in May 2009 for an amount of 7.5 billion euros with a coupon of 4.3 percent. At that time total bids
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Building activity plunges by 35.6 pct in April, down by 75 pct since 2008
EconomyMacroeconomyin Attica building activity doubled to 38.6 percent in May. This is more than 10 percentage points higher
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NPLs: The Achilles heel of the Greek banking system
Agoraat the end of May. Furthermore, a government council for the management of private debt has been
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Value of HFSF's shareholdings in core Greek banks sinks to 18.5 bln
EconomyBanking’ privatisation process. Nevertheless, local media now note that any relevant decisions may be delayed until after
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Recovery of farming subsidies threatens to widen Greek fiscal gap
EconomyOne day after the completion of the troika’s discussions with the Greek authorities, ahead of the next review due in the second half of September, local media indicate that a European Court of Justice (ECJ) decision may cause a fiscal gap of 600 million euros. This ECJ decision relates to two
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EU Task Force sees progress on reforms and structural funds in Greece
EconomyProgramme(IfG) last December, the report acknowledges that an IfG Debt-Sub-Fund for SMEs was set up in May
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Drop in Greek industrial production accelerates in June, falling by 6.7 pct
EconomyMacroeconomyThe Greek Industrial Production Index (IPI) fell 6.7 percent in June at an accelerating pace compared to the 0.9 percent drop posted in May, according to the Hellenic Statistical Authority (ELSTAT). This is the fifth negative reading in 2014 and the fifteenth over the past 18 months. Note
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Greek deposits inch up again in June, reaching 163.21 bln
EconomyMacroeconomyGreek private sector deposits increased 0.7 percent month on month (MoM) in June, with balances rising for the fourth straight month and reaching 163.21 billion euros, according to the Bank of Greece (BoG). Monthly net inflows more than doubled to 1.22 billion euros in June from 558 million in May
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Stress mounts ahead of ECB's tests on Greek banks
Economyat the meeting. The Greek finance minister was cited stressing that, if adopted, two assumptions that may
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Moody's upgrades Greek rating by two notches to Caa1 - here's why
EconomyMoody’s upgraded Greece’s government bond rating by two notches on Friday, raising it to Caa1 from Caa3, where it had been placed on November 29, 2013. The outlook on the rating is stable. This is Greece’s second rating upgrade, following that Fitch’s decision to increase it by one notch on May 23
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