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Fitch keeps Greece's rating at 'CCC'
Economyfor Greek banks are putting extreme pressure on the Greek government funding. Although Fitch expects..., Fitch expects that the Eurogroup will want the Greek government to demonstrate it has taken some... that it will be challenging for the Greek government to maintain a primary surplus this year aw weaker domestic demand
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The key points from Greece's proposal to lenders
EconomyProgrammeto the Greek document to create the appropriate conditions for the refinancing of the debt through the markets... by the Greek government: Fiscal The primary surplus is seen at 0.6 percent of GDP in 2015, increasing...) An optimal legal and economic solution for the repayment of Greek government bonds (GGBs) held by the ECB
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Greece sees deposit inflows, of 449 mln, in August for first time since Sept 2014
EconomyMacroeconomyGreek private sector deposit flow displayed inflows of 449 million euros in August from outflows... time, Greek banks’ reliance on Eurosystem funding slipped for the second straight month by 1.23... Governing Council decided to lower the ELA ceiling for Greek banks three times by a total of 2.1 billion
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Clock ticks on bailout review but big gaps remain between Greece, lenders
EconomyProgrammepositive assessment of the progress achieved so far and the cooperation between Greek authorities... euros. The Greek government has so far not indicated how it will cover this amount, although... of the Greek society since they involve a large number of individuals and SMEs. Market sources
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Fitch affirms Greece’s rating at ‘CCC’
Economyin case Greek politicians or the public sees it as a distant or unattainable prospect. Fitch believes that despite a slim majority, the Greek Prime Minister Alexis Tsipras will be able to continue... would lead to a moderate pick up in deposits in H2. Thus, it expects Greek banks will continue
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Greece gears up for second review, faces wide-ranging reform to-do list
EconomyProgrammeGreek society. The most significant actions relate to the labour market, resolution of non-performing... the companies’ viability. According to the latest Bank of Greece (BoG) review report of the Greek... evaluation is due to be performed by June 2017. Another prior action calls on the Greek authorities
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Coalition struggles to contend with fallout from football crisis
PoliticsGreek Politicsbehind it even though the Greek-Russian businessman and his family have reportedly returned to Russia... spokesman Dimitris Tzanakopoulos, that Savvidis had been given honorary Greek citizienship... following Sunday’s events. “Greek football [has] reached the edge of the cliff," said FIFA official
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Athens presents growth plan outline as lenders continue to differ on debt relief
EconomyProgrammeA meeting of the Eurogroup Working Group (EWG) on Thursday gave the Greek government a first..., ESM, the European Commission and IMF, met in Brussels yesterday to discuss Greek debt relief. Multiple... by a Greek representative, does not appear to have been conclusive. According to Kathimerini
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Debt, fiscal path still divide lenders ahead of Washington Group meeting
EconomyProgrammeby Greece, is the element that will decide whether the IMF will commit new funds to the Greek... on these issues. The Fund’s outlook for the Greek economy sees growth in real terms of 2 percent in 2018.... This leaves the IMF some distance from the Greek authorities and the European Commission, which estimate
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Tsipras hails name deal with Skopje, Mitsotakis declares fierce opposition
PoliticsGreek Politicsto push the pact through Greek Parliament. The Greek prime minister made a brief televised address... would be removed. The Greek prime minister noted that Athens will clear the way for its neighbour... a fixture in the Greek negotiating position, even for previous governments. Nevertheless, in a press
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