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Audit of Greek debt adds to pressure on Tsipras in creditor talks
PoliticsGreek PoliticsParliamentary speaker Zoe Konstantopoulou, who has been a thorn in the government’s side since taking up her position, may have made Prime Minister Alexis Tsipras’s task of reaching an agreement... and its lenders – may not be a coincidence. Konstantopoulou has used her institutional role
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Newsletter 31 - 19/06/2015
and an agreement is not reached soon, capital controls may be imposed to safeguard the remaining bank... to bridge the differences over fiscal measures, this assuredness may seem a little misplaced. However
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The main political scenarios ahead for Greece should it reach a deal with lenders
PoliticsGreek Politicsfor the government is more likely to arise from SYRIZA’s left-wing, which may consider the agreement.... The departure of SYRIZA’s more radical MPs may give him the licence to seek new alliances with PASOK
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How Greek banks were left on the brink
Agoraof the week. At the time of the release of Q1 results in the second half of May, Greek banks..., will be delayed by at least 2-3 quarters. This means that the raising of further capital may be needed
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Eurogroup inconclusive on new Greek proposals but opens path for agreement
PoliticsGreek Politicsthe Emergency Liquidity Assistance (ELA) to Greek banks. However, as happened on Monday, this may... as it appears Tsipras may have stepped considerably beyond the party’s red lines on some issues
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Travel receipts rise by 16.3 pct in April on jump in arrivals
EconomyMacroeconomyat the main Greek airports slowed to 6 percent in May bringing the 5-month rate at 10.5 percent, lower... in the other Greek airports rose by a modest 1.6 percent in May following a 3 percent drop in April
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The political scenarios ahead for Greece after the referendum
PoliticsGreek Politicsthat the coalition may be forced into a last-minute compromise. The opposition parties believe that the concern... are closed from Monday, with capital controls being imposed, and that this may put extra pressure
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PMI falls to 46.9 pts in June in ten straight months of contraction
EconomyMacroeconomyGreece’s Manufacturing PMI eased by 1.1 points to 46.9 in June from 48 in May, according to Markit. The headline figure indicates the second lowest reading in the last two years, while remains below... – to fall even faster than May” Markit noted.
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IMF preliminary DSA finds Greek debt unsustainable, points to need for debt relief
EconomyProgrammein May 2014, the IMF had projected debt to GDP ratio at 127.7 percent in 2020 and 117.2 percent in 2022... of Greece fell to less than 1 billion at the end of May against a target of 5 billion in 2015 and 8
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Yes or no, complex political developments lie ahead for Greece
PoliticsGreek Politicshe needs broader support for any agreement to be concluded as he may have to turn to opposition... and banking level. If Tsipras refuses to support the creation of a national emergency government, which may
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