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  1. Referendum and the ECB to determine the future of Greek banks
    Photo by MacroPolis

    Economy

    collaterals stands slightly above the 190 billion mark. In case of a ‘No’ vote, or a ‘Yes’ vote... forced a bank holiday and capital controls until July 6, one day after the referendum. This means... and in the absence of the 10.9 billion of HFSF capital buffer, it is not clear how banks could

    7%

  2. Credit contracts at slower pace of 1.7 pct in June, monthly loan flow positive

    EconomyMacroeconomy

    . The rate of contraction remains above the 3-percent mark at 3.4 percent in June. Consumer credit... of non-performing loans (NPLs), which will determine to a large extent their possible capital needs... pointing to a further rise as of Q3 amid the imposition of capital controls at the end of June

    7%

  3. A breakdown of the funding needs involved in Greece's third bailout

    EconomyProgramme

    financing since August 2014, state deposits fell below the 1 billion mark by the end of May... and the imposition of capital controls, the fundamentals of Greek banks have deteriorated. As a result, institutions expect that the domestic banking system would require a capital injection up to 25 billion

    7%

  4. Rebound of 9.38 pct on Tuesday almost erases Monday's Greek stock losses

    Economy

    mark for the second straight session.... this week, while the drop since the end of June, when capital controls were imposed, stands at 22 percent... restrictions on domestic investors due to the capital controls are still taking their toll Bonds

    7%

  5. Lack of new orders and sharp drop in production lead to weak PMI in August

    EconomyMacroeconomy

    readings in history. The weak PMI in August – well below the neutral 50-point mark – was driven by a lack... pace in August also due to the capital controls. Manufacturing employment continued falling in August... further rose in August, also on the back of the capital controls, while output prices continued falling

    7%

  6. Newsletter 41 - 04/09/2015

    Newsletters

    month last year, when revenues exceeded the five-billion mark. This means that due to the extension... that emerged after the imposition of capital controls on June 29 and the consequent negative repercussions... cards after the imposition of capital controls. On top of PIT, CIT and ENFIA, tax obligations

    7%

  7. Industrial production drops by 1.6 pct for third successive month in July

    EconomyMacroeconomy

    mark. Electricity production was the only sub-index posting a rise by 13.8 percent in July... by intermediate goods (-8 percent), capital goods (-7.9 percent) and consumer non-durables (-5.2 percent.... The positive growth rate reflects an increase in energy and capital goods’ production by 17.6 and 1.8

    7%

  8. Newsletter 43 - 18/09/2015

    Newsletters

    , nobody is particularly hopeful that this will mark the beginning of a new era of productive... of the year. Since the ECB is expected to announce the banks’ capital needs in the second half... and frustration have interchanged almost on a daily basis. The introduction of capital controls at the end

    7%

  9. Greek stocks post weekly rise of 5.6 pct, with banks rebounding strongly

    Economy

    this week with the turnover exceeding the 40 and 60-million-euro mark on Tuesday and Wednesday.... Despite the outperformance they are still down by more than 68 percent in the post-capital controls period... this year before the imposition of capital controls. Corporate news During a presentation

    7%

  10. Industrial turnover dives 18.3 pct in Aug for highest drop in almost 5 years

    EconomyMacroeconomy

    in September, yet it remained below the 50-point mark for the twelfth straight month. “Greek manufacturers experienced the harsh effects of the ongoing capital controls” with latest survey data... industrial groupings recorded a marked fall, with energy and capital goods turnover plunging by 36.3

    7%