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SYRIZA holds fire as Eurogroup expectations continue to be lowered
PoliticsGreek Politicsthat there has been any significant change in Athens’s position ahead of the June 15 Eurogroup... of a precautionary credit line (which the government has not discussed publicly), the IMF.... Prior actions In the meantime, Athens still has some prior actions to complete before June 15
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Eurosystem funding drops by 2.2 bln in May, mostly on further decrease in ELA reliance
EconomyMacroeconomysector deposit flows”, BoG noted. Eurosystem funding has been reduced by 9.69 billion in the year-to-date... programme review, the Central Bank funding has been slashed by 38.79 billion with more than 62 percent of this decrease attributed to lower ELA funding. Furthermore, Greek banks’ Eurosystem funding has
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Expectations for deal on Thursday rise as Athens tempers own
PoliticsGreek Politicson Thursday. Tsipras has maintained the option of referring the Greek issue to the EU leaders on June 22 since the last Eurogroup ended in an impasse. The Greek prime minister has shown in the past that he... that the coalition had hoped until recently. In fact, the government has gradually switched its attention
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Greece gets bigger tranche from Eurogroup but Tsipras misses other key targets
PoliticsGreek Politicsdoes not consider the eurozone has made enough progress to make Greece’s debt sustainable, Athens... weeks but given that the eurozone has no intention of implementing any measures until after August next... begin with inclusion in QE and then a test bond issue this summer. This strategy now has
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Newsletter 123 - 16/06/2017
to weigh this against the fact that the IMF does not consider the eurozone has made enough progress... with lower ECB funding by 819 million. Eurosystem funding has been reduced by 9.69 billion since... with the corresponding period a year ago showed that the jobless rate has decreased by 1.6
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Greek media often sensationalised coverage of refugee crisis, study argues
SocietyA study by the Ethical Journalism Network has highlighted the conflicting approach of Greek media..., spurred on by religious leaders. The media, meanwhile, has failed to humanise refugees who are now... crisis has largely fallen off the agenda of the local media who have reverted to covering sensational
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Coalition defends deal with lenders, opposition exerts pressure
PoliticsGreek Politicsthat the country’s economy performs strongly. At the same time, the government has tried to kill off any... to the agreement in the local media has been largely unenthusiastic. The opposition parties, meanwhile... the lenders asked for. New Democracy has also asked for a parliamentary debate to be held
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Greek university system out of sync with economic reality, study finds
SocietyA major study has found that Greece’s higher education system is still not focusing on degrees... university system has not adapted to the new reality of the post-crisis job market, continuing to churn out... sector in Greece has all but collapsed. Over half (53 percent) of graduates from Greek universities
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Moody's upgrades Greek rating to 'Caa2', changes outlook to positive
Economymeasures and considers that the progress made so far illustrates how the risk of Grexit has diminished... economy has definitely turned the corner, positive GDP growth is expected in 2017 after three years...’ legislation has been achieved reducing political risks. Successful conclusion of the programme would
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Credit contraction slightly accelerates to 1 pct in May on deductions of 395 mln
EconomyMacroeconomyedging down to 24.25 billion. Since the beginning of 2011, credit contraction has prevailed in the Greek banking market. The loan balance has dropped by 25.4 percent amid continued deleveraging, with net deductions of more than 40 billion euros. The sharpest decrease over this six-year period has been
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