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  1. Greek stocks gain 3.5 pct during week as investors wait for election fog to clear

    Economy

    below 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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  2. PMI rebounded in September, but survey data still point to a downturn on lack of new orders

    EconomyMacroeconomy

    in 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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  3. PMI continued improving in Oct but survey data points to economic struggle ahead

    EconomyMacroeconomy

    unabated 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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  4. Eurogroup gives Greece another week to agree measures, keeps tranche and recap funds on hold
    Photo by EU Council via Flickr https://flic.kr/p/gDK7GV

    EconomyProgramme

    Klaus 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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  5. BoG report highlights need for programme implementation, political consensus
    Photo by MacroPolis

    Economy

    for 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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  6. Newsletter 96 - 18/11/2016

    Newsletters

    capital. In his statement following a meeting with Prime Minister Alexis Tsipras, Obama struck all... capital were not encouraging. While Obama was still in Athens, German Finance Minister Wolfgang... figures were dragged down in the wake of capital controls. Despite the recent upswing, the aggregate

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  7. Moody’s changes outlook for Greek banks from negative to stable

    EconomyBanking

    to meet the regulator’s target. Greek bank’s capital ratios remain sound, with the Common Equity Tier...), which is considered to be lower quality capital, according to Moody’s. Moreover, the rating agency expects Greek banks’ capital base to remain at risk considering their precarious asset quality

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  8. Liquidity and NPL resolution feature prominently in draft deal between Greece and lenders
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyProgramme

    ) will send a quarterly report to the institutions including key statistics related to capital controls... 2017, the Finance Ministry (MoF) and BoG will have to publish a roadmap for the relaxation of capital... not cover capital shortfalls, the BoG will undertake appropriate actions by March 2017. In addition

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  9. Details of technical agreement between Greece and lenders set out in draft sMoU
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyProgramme

    the key interventions included in latest draft MoU related to fiscal and pension reforms, capital... the contract of trade unionists will be reviewed. Capital controls Bank of Greece (BoG) and the Finance Ministry (MoF) will prepare and publish the roadmap for the relaxation of capital controls outlining

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  10. Review demands put spotlight on Greek banks
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyBanking

    of June 2015, the IMF has earmarked an amount of 10 billion euros for potential bank capital needs... capital base which consists of circa 70 percent of Deferred Tax Assets (DTA) and believes... of bad loans would allow the relaxation of capital controls before the end of the programme and banks

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