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Minor changes in Greek time deposit rates, higher movements in corporate loans
EconomyMacroeconomyThe interest rate on households’ new time deposits eased in January by just 2 basis points (bps), falling to 1.8 percent from 1.82 percent in December, according to the Bank of Greece (BoG... declined by 50 bps to 2.44 percent, which is below the previous record low in 2002. On the flipside
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Here's why Greece's fiscal difficulties will dominate the agenda
EconomyProgrammewith a net cost of 2 billion euros. As later clarified by senior SYRIZA officials, the net cost... who pay in (up to 100) instalments. Note that the previously announced 50 percent haircut on tax
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Greek current account deficit widens to 847 mln in Jan as exports fall further
EconomyMacroeconomyin travel receipts by 9.1 percent resulting from a substantial rise in non-residents’ arrivals by 50 percent..., residents’ external assets posted a net increase of 1.3 billion mainly reflecting a rise of 2 billion
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Greek banks’ loan quality is deteriorating
Economyquality accelerated markedly in the first quarter of this year. Local media claimed that around 2... their loan loss reserves (LLR) by around 7.4 billion, to almost 50 billion euros at the end of 2014
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Budget primary surplus up to 1.73 bln in Q1 as gov't holds back expenditure
EconomyMacroeconomy. The breakdown showed that expenses for salaries and pensions fell 4.3 percent in March but rose 2... a surplus of 649 million in March and 907 million in the 3-month period, way above target of just 50
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Why doesn't Tsipras just cut defence spending?
Agorato the International Institute for Strategic Studies (IISS), this has now dropped closer to 50 percent... been trimmed down, NATO spending requirements mean that it is required to invest more than 2
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Fitch puts Greek banks' capital needs between 11.2 and 15.9 bln
Economyloans to 52.1 percent, implying a rise by 24.9 billion in absolute terms. 2) Increase in reserve coverage from 50 to 60 percent to reflect reductions in collateral values. 3) 20 percent negative
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Newsletter 37 - 31/07/2015
in excess of 50 percent, while 51 percent said the decline was below the 50-percent mark. The negative... billion euros, deposits are at their lowest point in 12 years. 2 From the troika to the quartet Re
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Some snags remain in discussion with lenders over new privatisation scheme
EconomyProgrammeloan a targeted total of 50 billion”. Among the pending issues is the legal framework of the new asset... in the 12-month period ending in September 2016 and 2 billion by the end of 2018. The European
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Potentially divisive New Democracy leadership race taking shape
PoliticsGreek PoliticsThere are three confirmed candidates for the New Democracy leadership contest so far, with current leader Evangelos Meimarakis also expected to throw his hat into the ring by the October 2 deadline... senior figures in the party to run in the contest. Each candidate has to collect the signatures of 50
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