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Tsipras steps in amid concern deal with lenders slipping away
PoliticsGreek Politicstelephone call between Greek Prime Minister Alexis Tsipras and German Chancellor Angela Merkel... — MacroPolis (@MacroPolis_gr) April 26, 2015 Tsipras is due to appear on a Greek political talk show... the conditions are in place for funding to be released following the next finance ministers’ gathering on May
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Building activity up by 10.2 pct in Feb for biggest rise since Nov 2013
EconomyMacroeconomyGreek building permits rebounded by 10.2 percent in February after a 7.1 percent drop in January... to the official forecasts incorporated in the ECB’s comprehensive assessment for Greek banks conducted... conditions as well as a significant rise in the tax burden on real estate property. Housing loans, which
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S&P moves Greece down a notch to CCC, maintains recession forecast
Economya turnaround in the trajectory of nominal GDP and deep public-sector reform, S&P views the Greek debt... creditor disbursements remain elusive meaning that the Greek government would not be able to honor all its... its rating at the current level if the policy conditions of the new financial support programme
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Bank of Greece warns of dangers in failure to reach deal with lenders
EconomyMacroeconomyits belief that it is of paramount importance that the Greek government conclude an agreement... be reviewed. 6) Effective management of Greek banks’ non-performing loans (NPLs), while changes... on the evidence so far, BoG thinks a compromise has already been reached on the main conditions
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Greece seeks 3-year programme that could exceed 65 bln
EconomyProgramme, 2) Redemptions of Greek government bonds held by the Eurosystem of 14.3 billion 3) Redemption... increase funding needs by 5.9 billion. Note though, that the potential requirements for Greek bank... to be revisited to incorporate the deteriorating conditions over the last few days. So far only
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Lack of new orders and sharp drop in production lead to weak PMI in August
EconomyMacroeconomyfell. Overall, Markit analysts stressed that “operating conditions at Greek manufacturers continued... paints a disconcerting picture of the health of the Greek economy, as uncertainty builds around
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Wide range of exacting issues lie ahead for Greece in first bailout review
EconomyProgramme. The third memorandum of understanding (MoU) signed last August asked the Greek authorities... in mid-July called for the establishment of a new privatisation fund to manage valuable Greek.... Although the pension reform is currently dominating the domestic discussion, the terms and conditions
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PMI rebounds 0.6 pts to 49 in March but remains below 50-point mark in Q1
EconomyMacroeconomyof operating conditions in the Greek manufacturing sector” although “the downturn has eased considerably.... Greek firms lowered their output charges largely due a decline in oil prices, while the average cost
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HFSF presents action plan on large corporate loan restructuring, says NPEs reached 103 bln in 2015
EconomyBankingGreek banks’ non-performing exposures (NPEs) in Greece reached 103 billion at the end of 2015, Aris... all segments of Greek economy, the study identified 5 sectors, namely tourism, food/beverages, health... on default processes and favorable macro conditions. The study initially identified a sample
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Government steps in as NBG row takes new twist
EconomyBankingor delays, as already seen in the case of the Piraeus Bank CEO, at this critical juncture for the Greek... (NPE) stock, which is currently the single most important challenge for the Greek banking system...., Dragasakis issued a statement requesting “an imminent restoration of the necessary conditions
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