Search
-
Fiscal dispute dominates as Greece and lenders gear up for more talks
EconomyProgrammeround of discussions with the Greek authorities on the ground, aiming clinch a staff-level agreement... for 2018 and beyond, “which would mean less austerity for Greek people”. In addition, Rice noted... the measures currently in the ESM programme.” However, Rice clarified that “if the Greek authorities
1% -
Eurosystem funding drops by 3.3 bln in Nov for 17th straight monthly fall
EconomyMacroeconomyGreek banks’ Eurosystem funding fell by another 3.3 billion euros in November, after a broadly... has been recorded in the last six months in the wake of reinstatement of waiver on Greek government securities and lower haircut applied on ELA collateral coupled with participation of Greek banks
1% -
Tsipras wins domestic support for pension bonus but key struggles lie abroad
PoliticsGreek Politicson Friday boosted by broad support in Greek Parliament for his controversial pledge for a Christmas bonus... an agreement is possible. There was support for the Greek government’s right to distribute its excess surplus..., it would leave the Greek prime minister with very few options. As things stand, there seems no way
1% -
Credit contraction slows again in Nov, falling to 1.3 pct on additions of 62 mln
EconomyMacroeconomyThe rate of credit contraction in the Greek market decelerated to 1.3 percent in November from 1.6..., the continued loan deleveraging of Greek banks has resulted in net deductions of 3.11 billion, 11.3... at the end of November. Despite slowing in the last two months, credit contraction in the Greek market
1% -
Tsipras poised for concessions with lenders, sets snap polls aside
PoliticsGreek Politicsfor this compromise, the Greek side is likely to ask that the eurozone flesh out its medium-term debt... programme in the coming months and Frankfurt will have to be convinced about the sustainability of Greek debt before it gives the green light. It is not clear if the Greek proposal will be enough to ensure
1% -
ESM board to specify rules on short-term debt relief measures
EconomyProgramme, with new fixed-rate notes replacing the floating-rate notes used for the recapitalisation of Greek banks.... Of this amount, 29.9 billion is in the form of EFSF bonds held by the four Greek systemic banks and 5.4... notes that match the average maturity of Greek loans, which currently stands around 32 years. Overall
1% -
Positive deposit flow of 2.8 bln in Dec leads 2016 inflows to 4.2 bln
EconomyMacroeconomyThe Greek market posted notable inflows of 2.8 billion euros in December from a marginal positive... flow of 989 million. Overall, deposit inflows in the Greek market stood at 4.2 billion euros within... resident’s outflows of 617 million. Last week the BoG’s annual balance sheet revealed that Greek
1% -
Credit contraction accelerates to 1.5 pct in Dec, net lending flow remains subdued
EconomyMacroeconomyThe rate of credit contraction in the Greek market accelerated to 1.5 percent in December after... credit contraction in the Greek market for six years in a row, with cumulative net deductions...) and corporate lending (-23.3 percent). In the second semi-annual overview of the Greek financial
1% -
Athens waits for move from lenders to get review going
PoliticsGreek Politics-the-scenes efforts to bring Greece’s lenders closer together and organise a meeting with the Greek.... The Greek government maintained radio silence over any possible developments on the review front... proposal coming from the Greek side. In fact, it increasingly looks as if the government is waiting
1% -
Lenders make proposal to Athens but no immediate breakthrough expected
PoliticsGreek Politicsof disagreement and inaction. The proposal reportedly put to Tsakalotos is that the Greek government... so the review can be wrapped up. There was no immediate reaction from the Greek side to the lenders... discussions on the proposal tabled on Friday and the Greek government believes that there is still room
1%