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If you think it's bleak for Greece now, wait until tomorrow
Agorathe attention. This meant that many overlooked the fact that the Fund was even gloomier about the Greek... the report. Given that the Washington-based organisation has been part of the Greek programmes since 2010... in the Greek labour market is described in the sentence that argues the country will struggle
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Marginal net losses of 2 mln for Alpha in Q1
EconomyBankingAlpha was the last of the four core Greek banks that released its first quarter (Q1) results... 146.9 percent in Q4 remaining at the high end of the Greek market. The bank’s Common Equity Tier 1... could return to Greek banks thereafter. In addition, similarly to the other Greek systemic banks, Alpha
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Greece passes bailout-related amendments, hopes for loan disbursal in days
PoliticsGreek Politicsfor the use of Greek government securities as collateral for cheap borrowing for Greek banks. One issue... at Eurogroup level. Subsequently, Eurogroup chief Jeroen Dijsselbloem wrote to Greek Finance Minister... said. The Greek government has so far not given any indication whether it has immediate plans to pass
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Tsipras unveils growth plan but little in way of new ideas
PoliticsGreek Politicsplans for a Greek economic recovery by 2021. Tsipras, though, noted that the type of growth... that this would now allow the government to focus on achieving growth over the next year (the Greek... and agricultural subsidy schemes. According to Tsipras, 42 Greek investment schemes worth 5.6 billion euros
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Deposit flow turns positive in May with inflows of 184 mln
EconomyMacroeconomyThe flow of Greek private sector deposits turned positive in May with inflows of 184 million... million in April. Since the beginning of the year, the Greek banking market has recorded outflows... billion respectively. A the same time, Greek banks’ Eurosystem funding fell for the eleventh
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Eurosystem funding falls 8.6 bln in June in aftermath of waiver reinstatement
EconomyMacroeconomyGreek banks’ Eurosystem funding dropped by a notable 8.57 billion euros in June, following... by the ECB of the waiver on Greek government securities (effective as of June 29) that allowed the switch of Greek government bonds and T-Bills, previously used as collateral, to ECB funding coupled
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The story behind Attica Bank, the non-systemic lender thrust into the spotlight
EconomyBankingAttica Bank finds itself in the frontline of Greek political and banking developments after..., Attica was the only Greek bank that remained along with the four systemic banks from the more than... euros at the end of 2015 making up just 1.1 percent of the five Greek banking groups’ assets. Its
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Eurogroup clears 1.1 bln, waits for arrears clearance data to release remaining 1.7 bln
EconomyProgrammeby the Greek government, including the data for September which would be available later in October... on net arrears clearance in the July-September period. According to the Greek Finance Ministry for July... in the Greek programme. On debt relief measures, he said that short-term measures will be discussed
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Erdogan comments draw new, but cautious, response from Athens
PoliticsForeign Policyon this, Greek diplomatic sources said that there is a continuing effort by the Turkish president... and irredentism. The same sources said the Greek side views Erdogan’s comments within the wider context... by characterising the 1923 agreement as “unfair” for Turkey. In a statement the Greek Foreign
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Deposits rise to 124.6 bln in Oct on inflows of 1 bln
EconomyMacroeconomyThe Greek market posted deposit inflows of 1.02 billion euros in October after outflows of 379... May, Greek banks saw inflows of 2.88 billion by October. Total deposits – which also include those... weeks ago that Greek banks’ Eurosystem funding fell by another 3.53 billion euros to 71.78 billion
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