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Cost of Greek corporate loans rises in April, remains well above euro average
EconomyMacroeconomyand remained well above the euro area average, according to the Bank of Greece (BoG). This rate had... the respective euro-area average rate of 1.56 percent in April, although the difference narrowed during... to 6 percent. The average euro-area rate on corporate loans over 1 million euros stands almost 4
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ECB survey shows enduring preference for cash payments in Greece
EconomyFeaturescard and electronic payments. The study titled “The use of cash by households in the euro area... surveyed at 75 percent. The survey found that in 2016, euro area consumers made 1.6 payments per day on average, equalling nearly 11 payments per week. Of these, the average in the euro area was 1.2
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Complex privatisation fund faces tall order to reduce Greek debt
Economyas a key area of interest from the eurozone lenders, particularly German Finance Minister Wolfgang... Company of Public Holdings (CPH). HFSF was founded in July 2010 to maintain the financial stability... and the market value of its holdings currently stands at 2.2 billion. HRADF was also established in July
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Greek banks on cusp of improved liquidity conditions
Agorastressed that “during reviews in the context of financial assistance programmes for a euro area Member... be used after the reinstatement of waiver. However, taking into account banks’ EFSF/ESM holdings... bonds following an ESM decision to allow Greek banks’ EFSF holdings to participate in ECB quantitative
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Current account surplus at 1.57 billion in July, pushed by services balance
EconomyMacroeconomyin this area grew at a faster pace than exports. Specifically, the non-oil balance of goods deficit..., attributable largely to a fall of 2.7 billion in the holdings of foreign bonds and T-Bills. At the same time... holdings of government bonds and T-bills. In the first seven months of the year, residents
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Newsletter 356 - 21/10/2022
holding in the four systemic banks, the stake in Alpha Bank is 9 pct and Eurobank at 1.40 pct. The HFSF also has a holding of just short of 63 pct in Attica Bank. According to the latest data from... share, a premium from the 1.2 euros closing yesterday. The current holdings HFSF has in the Greek
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Is VAT all you've got?
Agoraof a milestone in the Greek bailout program as tax hikes have been the norm and a regular source of much anger
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Ring of Fire
Agoraover the last few years as our anguish, anger and hate has poured onto the streets of Athens and other
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Greece in danger of repeating familiar mistakes with Golden Dawn
Agorain December have all caused anger and anxiety, prompting many Greeks to seek easy answers
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Golden Dawn rears its head in local polls, prompting rethink from main parties
PoliticsGreek Politicsthe extremist party out of frustration with the state of the economy or due to anger at the political
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