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Eurosystem funding rises by 64.9 mln in July
EconomyMacroeconomyGreek banks’ Eurosystem funding rose by 64.9 million euros month-on-month (MoM) in July according... funding to Greek banks has steadily dropped. The total fall by July 2019 came to 148.42 billion... for the waiver on Greek government securities expiring as the country left its final bailout programme. ECB
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Capital controls to be abolished ahead of schedule
EconomyBankingwould become a thing of the past, adding that “faith has been restored in the Greek economy... signal to rating agencies and to further bolster the confidence of Greek banking customers. In July... controls was cited as a problem by the BoG, the country’s lenders and Greek businesses which overnight
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New government looks for way to open discussions with Turkey
PoliticsForeign PolicyThe Greek government is seeking the way and the right time to launch discussions with Turkey, which... to the eastern coast of Crete as belonging to Turkey. Commenting on this photograph, the Greek foreign... with his Turkish counterpart, Mevlüt Çavuşoğlu would take place any time soon, the Greek minister
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Eurosystem funding drops by 464.8 mln in August
EconomyMacroeconomyGreek banks’ Eurosystem funding fell by 464.8 million euros month-on-month (MoM) in August... billion euros. Since then, Eurosystem funding to Greek banks has steadily dropped. The total fall... eligible securities to compensate for the waiver on Greek government securities expiring as the country
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Eurosystem funding drops by 699.8 mln in September
EconomyMacroeconomyGreek banks’ Eurosystem funding fell by 699.8 million euros month-on-month (MoM) in September... the total amount stood at 157.09 billion euros. Since then, Eurosystem funding to Greek banks has steadily... greater use of repos and other eligible securities to compensate for the waiver on Greek government
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Athens hopes IMF prepayment go-ahead aids case for lower fiscal targets
EconomyProgrammeThe Greek government is hoping to get the all-clear from the European Stability Mechanism (ESM... and fulfilling them by taxing individuals and businesses too heavily. The Greek side argues that the drop in Greek bond yields over the last few months means that a new debt sustainability analysis
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EC sees growth at 1.8 pct for 2019, rising to 2.3 pct in 2020 and fiscal targets in reach
EconomyMacroeconomyGreek administration that shift the tax composition towards less discretionary taxes combined... to 2.3 percent, decelerating to 2 percent in 2021. It is worth highlighting that the Greek authorities... rise in investment spending. In spring, the EC expected the Greek economy to grow by 2.2 percent
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Scrutiny of govt, PM prompts deputy minister to quit
PoliticsGreek PoliticsUniversity. The issue came to light after a report appeared on a Greek-American news website, which... claimed that Diamataris had not stepped down as the owner of the National Herald, a small US-based Greek... and there is concern among some conservative officials that the government’s image has been tarnished. Greek diaspora
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Newsletter 233 - 20/12/2019
and some added benefits is the right one for the economy. Ahead of Wednesday night’s vote, the Greek.... This tax was introduced early in the Greek crisis in an attempt to generate extra revenue, which..., making life difficult for the majority of the public. ND believes that Greek society is ripe
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Criminal justice system deemed too weak to fight corruption
SocietyThe European Council’s analysis of the Greek criminal justice system has found that the current... that in June 2019, the Greek criminal and criminal procedure codes were amended to downgrade bribery of public... to the fight against corruption. In conclusion, GRECO noted strong concerns that Greek criminal law
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