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Developments in Greece produce volatile market reaction
EconomyThe Greek stock market plunged 5.38 percent on Friday in the aftermath of the Eurogroup’s..., for Greek bank stocks the drop was much higher. They reached 8.4 percent on Friday, with weekly losses... results of its comprehensive assessment on Greek banks, their shares have plummeted 18.3 percent
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Bank of Greece sees growth at 0.7 pct in 2014, NPLs up to 34.1 pct
EconomyMacroeconomyfinancing conditions, given Greek banks’ continued ability to obtain liquidity from the Eurosystem... for political stability, as a precondition for economic development. The recent spike in the Greek... that the current turmoil could cause irreparable damage to the Greek economy and appealed
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Creditors' deal comes up short on debt relief for Tsipras
PoliticsGreek Politicsthe Greek government’s expectations in many regards. While Greece’s lenders agreed to release... to the Greek Finance Ministry, 3.5 billion euros will be used to clear arrears. The government attaches great importance to this as it believes injecting this liquidity into the Greek market will help
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Another spin of the wheel for Greece
Agorato implement very limited short-term debt relief measures (reducing Greek debt by 20 percentage points... in 2016. Worrying fundamentals Many of the Greek economy’s fundamentals remain worrying, though... percent of Greek workers say their household made ends meet “with great difficulty”, while the same
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Nouy voices concern about impact of uncertainty on banks, rebuffs capital concerns
EconomyBankingboth the deposit flow and the evolution of non-performing exposures (NPEs) of Greek banks... of this year. It is pointed out that the deposit flow in the Greek banking system turned negative in January... on March 27. Commenting on the increase of Greek banks’ withdrawn liquidity from the Emergency
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Tsipras clears hurdle but isn't over finishing line
Agoraby the Greek people and this means that Tsipras and his administration must ultimately carry the can... is high and meeting it depends greatly on whether the Greek economy will recover in the coming years... cuts and lowering of the tax-free threshold. The ultimate political prize for the Greek prime minister
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Further measures to protect and strengthen financial stability foreseen in sMoU
EconomyProgrammeand the sustainability of Greece’s recovery. Greek authorities commit to no unilateral fiscal or other policy... governance of the financial institutions. The Greek government commits to sufficient liquidity... (BoG), the institutions will be informed on a quarterly basis about the liquidity of Greek banks
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Airport redevelopment gets green light, leaving one prior action as lenders return to Athens
EconomyProgramme, meaning just one prior action from the third review remains to be completed as the Greek government... for the Greek government,” he told the Parliament’s Committee on Economic and Monetary Affairs on Wednesday. “I... line but also about whether the European Central Bank should include Greek bonds in its quantitative
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IMF revises growth forecasts downwards, emphasising gap with other lenders
EconomyMacroeconomy), updating its forecasts for the Greek economy over the coming years. It contained mixed messages for the Greek authorities and the country’s lenders as Greece enters the final stages of its third... framework. The IMF sees Greek economic growth in real terms at 2 percent in 2018, then decelerating
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A moment to reflect, not celebrate
Agorapain and unnecessary division. Putting this miserable period of Greek history behind us is necessary...), play down the burden shouldered by much of Greek society, nor to ignore the dangerous cleavages... of the Greek crisis and just about enough to keep Greece from going under. A definitive solution has always
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