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BoG cautions on impact of tax rises, updates on rising NPEs
EconomyMacroeconomythat are crucial for the Greek banking sector are planned for the coming months. These include developing... a previous statement by BoG governor Yannis Stournaras that the reinstatement of a waiver for Greek... quality The BoG also provided on Wednesday an update on the evolution of Greek banks’ loan quality
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Tsipras faces challenge in turning promise of China trip into reality
PoliticsForeign PolicyThe week in Greek politics has begun with Prime Minister Alexis Tsipras getting back down... there is a belief within the Greek government that because of its burgeoning economic ties with China... and Shanghai. Apart from President Xi Jinping and Premier Li Keqiang, the Greek leader also met
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Siemens trial hitch ratchets up tension between coalition and judiciary
PoliticsGreek Politics, including the list of charges, so they could be handed to the non-Greek defendants among more than 60 people... of suspects who worked for the electrical and engineering giant and are accused of bribing Greek public.... Mantelis is the only Greek politician who has so far been convicted in connection to the alleged bribes
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Deposit inflows of 1.07 bln in June, highest in first half of 2016
EconomyMacroeconomyGreek private sector deposit flow remained positive for the second straight month with inflows... return to Greek banks in the coming months. Total deposits - which also include general government (gg.... Meanwhile, the reliance of Greek banks on Eurosystem funding notably dropped by 8.57 billion euros
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Eurosystem funding drops by another 4.3 bln in July, largely on reduced ELA reliance
EconomyMacroeconomyGreek banks’ Eurosystem funding continued heading south for the thirteenth month in a row in July... that the remarkable decrease in the previous month largely reflected the switch of Greek government... of the reinstatement by the ECB of the waiver on Greek government securities. In addition, increased interbank repos
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Government distances itself from ELSTAT case as European Commission wades in
PoliticsGreek Politicsit is absolutely clear that data on Greek Government debt during 2010-2015 have been fully reliable... the Greek government into taking a stance on the issue. "It is necessary to get the record straight... to the judiciary to help clear up the allegations against Georgiou. The Greek government was also quick
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Deposit flow turns negative, outflows of 153 mln in July
EconomyMacroeconomyDeposit outflows of 153 million were recorded in the Greek banking market after inflows of 1.07... that following the July inflows, gg deposits held at Greek banks climbed to 10.57 billion at the end of July..., Greek banks’ dependence on Eurosystem funding further dropped by 4.3 billion in July reflecting
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Determined talk from Tsipras as negotiations with lenders move closer
PoliticsGreek Politicslanguage, Tsipras said his coalition is “demanding” measures that will make Greek debt sustainable... as long as the Greek side continues to implement the programme. Tsipras said that debt relief... a return to the subject, which the Greek government had not discussed in any great detail since
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Athens briefed as talks on Cyprus reunification intensify
PoliticsForeign Policy, the Turkish-Cypriot and the Greek-Cypriot side.” Eide discussed two crucial issues in Athens: The two..., on the sidelines of the UN General Assembly at the end of the month. According to Greek diplomatic... with Tsipras and Kotzias. The Greek foreign minister outlined the Greek positions on both issues, which made
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September drop of 3.1 bln is 15th straight month of decline in Eurosystem funding
EconomyMacroeconomyGreek banks’ Eurosystem funding fell by another 3.15 billion euros in September after a drop... has been posted since June in the wake of reinstatement of waiver on Greek government securities, lower haircut applied on ELA collateral and participation of Greek banks’ EFSF holdings in the ECB’s
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