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Q1 GDP contracts 0.4 pct QoQ and 1.3 pct YoY, broadly in line with estimates
EconomyMacroeconomypercent for 2016, while the rating agencies have adopted mixed views: Fitch estimates a GDP... programme review should support the gradual relaxation of capital controls and support investment leading
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Q1 GDP contracts 0.5 pct QoQ and 1.4 pct YoY, slightly worse than flash estimates
EconomyMacroeconomya higher GDP contraction of 0.6 percent. The rating agencies have adopted mixed views, with Fitch... receipts by almost 45 percent mainly on account of capital controls, while travel receipts were kept
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Stocks plunge 8.8 pct over week in aftermath of UK referendum outcome
Economynews Fitch affirmed on June 21 Greek banks’ rating at ‘Restricted Default’ (RD) reflecting its view that they would default if capital controls are lifted. Titan and Motor Oil trade ex-dividend
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Q2 GDP rebounds 0.2 pct QoQ but shrinks 0.9 pct YoY amid consumption drop and investment rise
EconomyMacroeconomyexpects a slightly lower figure of 0.2 percent. In contrast, the rating agencies are more pessimistic... percent in H1 largely attributed to lower net transport receipts due to capital controls, while
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Government caught between milestones and corruption claims
PoliticsGreek Politicsat favourable rates in 2015 despite the fact that it had an extremely low credit rating, Attica suffered an outflow of deposits and capital controls were implemented. The coalition is trying to fight off
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Newsletter 126 - 07/07/2017
on the positive mood. Standard and Poor’s is due to publish its next credit rating for Greece on July 21... (NPEs) and the plans to ease capital controls. In conclusion, the BoG reiterates the need for debt
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Technical talks progress but debt relief, credit line continue to grate
EconomyProgramme, the credit rating agencies will not upgrade Greek bonds to investment grade,” added the finance... of capital controls, which is indeed a very important factor for the health of the banking system
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Greek banks push for return to normality
EconomyBankingwith several rating agencies to achieve the upgrade to investment-grade levels. This would allow banks... products at the height of the crisis, Greece’s banks were further crippled by the capital controls put
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Alpha Bank posts net profits of 59.4 mln in Q2, NPE sales worth 3.7 bln planned for remainder of year
EconomyBankingeligible collateral pool following the assignment of investment grade rating to the retained Covered... was experiencing significant economic outlook improvements. He noted that the full lifting of capital controls
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IMF consultation report pinpoints health of Greek banks as central to growth
EconomyBankingministry argues the recent elimination of capital controls will enhance confidence of depositors, investors, and rating agencies in the banks and, more broadly, in economic performance.
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