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UnLuCky for some: Another painful lesson from the euro crisis
Agoralevel and that capital flows would lead to a convergence of income levels within the euro area. Current... this sales pitch: When the crisis stuck and there was a classic case of a sudden stop of capital flows... for exporters, who in the absence of a functioning banking system to finance working capital were starved
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Does Greece need a third programme?
Agorabond markets in April after a three-year forced hiatus. Being able to regain access to such capital... such as the European Stability Mechanism think about Athens’ determination to spend considerable political capital... political economy it is necessary to broaden the focus of current deliberations in various capital
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Managing an orderly Greek exit from the memorandum
Agorathink about Athens’ determination to spend considerable political capital on such an exit strategy... to refinance itself through international capital markets in 2015 is a high-risk strategy. More importantly, in the course of 2014 Greece returned to international capital markets twice, first in April
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Conditions for Greek ECCL reportedly outlined in German document
EconomyProgrammebonds currently held as capital buffer by the Hellenic Financial Stability Fund (HFSF). Based on the HFSF’s 9-month financial statements, its capital buffer amounted to 11.6 billion euros... in the current account balance. 5) Access to capital markets. Despite the issues of 3- and 5-year bonds until
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EU makes dramatic revision to economic forecasts, sees recession of 2-4 pct this year
Economyof administrative measures on the banking sector (capital controls). Long-term growth is anticipated... and the severe policy slippages in the first half of 2015 coupled with the imposition of capital...-performing loan (NPL) resolution process, imposition of capital controls and payment culture, a capital
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Greek stocks gain 3.5 pct during week as investors wait for election fog to clear
Economybelow the levels seen before the imposition of capital controls. Emphasising the unpredictability... by more than 56 percent over the period in question amid concerns over their capital needs and the bank... by the restrictions of capital controls. Corporate news No major events are expected next week except
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PMI rebounded in September, but survey data still point to a downturn on lack of new orders
EconomyMacroeconomyin June. This is largely attributed to the imposition of capital controls at the end of June coupled... with pre-production inventories dropping at a sharp pace amid lack of new orders and capital controls... for the tenth consecutive month, with September’s performance attributed to capital controls
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PMI continued improving in Oct but survey data points to economic struggle ahead
EconomyMacroeconomyunabated since January and the recent data reflects the negative impact from capital controls... related to capital controls and payment difficulties. However, the recorded decrease in volumes... lengthened in October largely attributed to capital controls and lack of raw materials at vendors
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Eurogroup gives Greece another week to agree measures, keeps tranche and recap funds on hold
EconomyProgrammeKlaus Regling said that following the announcement of Greek banks’ capital shortfall at 14.4 billion... in the next few days, a development which is also crucial for private sector participation in banks’ capital...’ capital increases. This in turn would erode the optimistic outlook for a successful outcome
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BoG report highlights need for programme implementation, political consensus
Economyfor the financial sector, also encouraging the return of deposits and the lifting of capital controls. The BoG said that the imposition of capital controls initially had an immediate and visible negative... on the implementation of reforms, ownership of the new programme and the removal of capital controls, the BoG noted
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