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SYRIZA prepares to debate deal as Tsipras's options narrow
PoliticsGreek Politicsto its lenders on Monday, rather than to receive an ultimatum as most media have reported. The details.... Despite reports that creditors are making demands that are tougher than many expected, SYRIZA... IMF payments together at the end of month rather than paying them when they are each due. The ECB
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Minor movements in Greek deposit and loan rates in April
EconomyMacroeconomy. Back in 2012, there were more than 15 banks in the Greek market with the smaller ones markedly... higher than 1 million euros remained almost stable at 4.98 percent. Greek corporate lending rates stand 300-400 bps higher than the respective eurozone average figures. In the household segment, the most
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Sharp drop in gg primary surplus by end-April, arrears keep rising
EconomyMacroeconomyThe general government (gg) primary cash surplus narrowed by more than 59 percent to 651 million...). This reflects a 13.8 percent drop in revenues to 10.43 billion, more than offsetting a 4.2 percent... million more than offset by a decline in EFSF/ESM/IMF loan balance by 560 million, fully attributed
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Improving car sales in Greece continue with 27.9 pct rise in May
EconomyMacroeconomyover the past 4.5 years (since January 2011). The bulk (more than 85 percent) of road motor cars stem.... The Attica prefecture registered more than 53 percent of the country’s road motor cars, which stands... by 70 percent on the 2008 figure of 347,354. This largely reflects a sharp drop by more than 30 percent
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Government sceptical about deal with lenders, PM with convincing to do
PoliticsGreek Politicsthan 500,000 euros in profit, in place of the spending cuts. Tsipras could argue that this means his... are willing to offer and if it will be any clearer than the commitment given to Tsipras’s predecessor... Democracy, it is unlikely that he would choose to do so. As his government has served for less than 12
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Greek stocks rise by 16 pct during week on hopes of deal in Brussels
Economythen the market slightly corrected on Wednesday and rebounded by more than 2 percent on Friday ahead... landed at 797.52, more than offsetting the losses of 11.3 percent recorded in the previous week. All... strongly rebounded by more than 33 percent, reversing the losses of 17.7 percent posted in the previous
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Economic sentiment down 0.7 pts in June, consumer confidence also falls
EconomyMacroeconomyand posted high volatility in the succeeding months until June 2012. Since then, it had risen by more than... the drop by more than 16 points on the last four months, the year to date balance remains positive... showed a drop in June: The industry confidence eased by 1.1 points to -14.1 more than offsetting
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Greek deposit rate almost stable, loan rate slightly up in May
EconomyMacroeconomyof competition was the key reason for the broadly unchanged rate. In 2012, there were more than 15 banks..., it remains more than double compared to the eurozone average rate of 0.88 percent and steadily above.... Following the rate changes in May, Greek corporate lending rates remain 250-350 bps higher than
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Car sales rise by 21.7 pct in June for fifth straight increase above 20 pct
EconomyMacroeconomyin the past four years (since May 2011). Passenger cars, up 22.1 percent to 11,040, make up more than 86... to around 83 percent of total. The Attica district registered more than 57 percent of the country’s... on the 2008 figure of 347,354. This mainly reflects a marked decline by more than 30 percent per annum
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Greek banks in intensive care: What lies ahead?
Agoratax asset (DTA) makes up more than half of the reported equity. Overall, DTA amounted to 15.6... billion. From the beginning of 2016 the following three conditions must be met: a bail-in not less than 8... than eligible deposits. The Euro Summit statement also indicated that a new ESM programme for Greece
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