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  1. Deposit outflow rises to 4.7 bln in April as balances drop to lowest since Sept 2004
    Photo by MacroPolis

    EconomyMacroeconomy

    understanding is that the gg withdrawals of 2.86 billion in March and April relate to the transfer of gg...-November figure of 44.85 billion. Two-thirds of Central Bank funding relate to ELA funding (74.4

    6%
  2. Greece and lenders appear close to third bailout deal, with few issues outstanding
    Photo by MacroPolis

    EconomyProgramme

    on changes in the settlement of tax arrears in up to 100 instalments. These relate to a rise in the interest... that need clarification relate to the opening of professions, energy market liberalisation, early

    6%
  3. Newsletter 42 - 11/09/2015

    Newsletters

    development so far relate to the asset quality review (AQR) and the stress tests – both conducted... banks. The small details that have emerged so far mainly relate to the macro assumptions

    6%
  4. Greek bank recapitalisation: The story so far and what lies ahead
    Photo by MacroPolis

    Economy

    development so far relate to the asset quality review (AQR) and the stress tests – both conducted.... The few details that have emerged so far mainly relate to the macro assumptions in the baseline

    6%
  5. Lenders set out 49 milestones for Greece to meet before next bailout tranche

    EconomyProgramme

    for the signing of the MoU and 3 relate to the repeal of roll-backs on previous programme legislative... the Code of Conduct Pensions The list of pension milestones mainly relate to commitments that have

    6%
  6. Greek 2016 draft budget contains 6.4 bln in new fiscal measures, sees recession ahead

    EconomyMacroeconomy

    euros for the two-year period, of which 2.03 billion relate to 2015 and 4.35 billion to 2016... relate to: Expenditure and cost savings (2.39 billion – 37.5 percent of total) 1) Increase in health care

    6%
  7. Revised data shows economy shrank by higher rate of 21.4 pct from 2010 to 2014
    Photo by Harry van Versendaal

    Economy

    released last March. According to ELSTAT, the key reasons for the revision relate to updated.... The key changes relate to: 1) Total consumption, lowered by 4 billion to 160.39 billion 2) Change

    6%
  8. Greek banks brace for recapitalisation, with Piraeus initiating a bond swap offer
    Photo by MacroPolis

    EconomyBanking

    scenario. Until now, very few details have been leaked and they mainly relate to the macro assumptions.... In specific, 265 million relate to senior unsecured debt issued in 2014, 211 million of subordinated debt

    6%
  9. Cash primary surplus contracts 2.9 pct to 2.68 bln on weak revenues in Sept

    EconomyMacroeconomy

    . Note, though, that last year’s figure included extraordinary revenues of 1.31 billion that relate... (HFSF) paid to the state. These revenues relate to fees Greek banks paid to the HFSF in 2012

    6%
  10. Government tables 2016 budget, upgrades GDP forecasts but leaves fiscal estimates unchanged
    Photo by MacroPolis

    EconomyMacroeconomy

    interventions for a total of 5.73 billion euros for 2015 and 2016, of which 1.54 billion relate to this year... for the 2-year period mainly relate to: contributions to social security organizations (1.11 billion), largely

    6%