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Loan and deposit rates edge down in May but remain above euro area average
EconomyMacroeconomydeposit rate is gradually falling, it remains more than 100 bps above the respective euro-area average rate of 1.42 percent in May. In addition, it is still higher than the respective rates in Spain... increased by 3 bps to 5.62 percent. As a result, the average spread on outstanding volumes saw
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Coalition sets bar low for presidential vote, opts for pre-election rhetoric
PoliticsGreek Politicsgovernment sources and appears a logical goal in the wake of less than 10 independent or opposition..., winning 15 votes in less than two weeks will be a huge, although not necessarily insurmountable, task... narrowing compared to last month. Kapa Research saw SYRIZA’s lead being reduced from 3.6 percentage
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Greece: Where did it all go wrong?
Agora. Samaras saw his party losing votes to the right (including to Golden Dawn, which polled at 9.4... with no penchant for reforms or anything other than picking a fight with SYRIZA. The removal..., the International Monetary Fund would retain a role rather than bringing a successful end to its cooperation
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The one question SYRIZA needs to answer
Agorato more than half by August. Assuming a similar pattern next year, Greece will need approximately 1.5... a small cash cushion, March saw a sizeable primary deficit of just under 1 billion euros. The cumulative primary cash position to September was around 2.8 billion euros and no more than 2.4 billion
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Greece and lenders with conceptual, as well as practical, gaps to bridge
PoliticsGreek Politics, which saw Athens receive loans largely to pay off debt after meeting tough fiscal targets and executing... and the mandate he received rather than to reach a quick compromise that will ease nerves on all side. His.... There was an outflow of more than 4 billion euros in deposits in December, while the January figure
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Prospect of eurozone deal calms nerves on stock, bond markets
EconomyGreek shares climbed for the second straight session on Tuesday, when they rose by 11.27 and saw... of 16.4 percent in just two days, more than offsetting the cumulative losses of 14.1 percent last week... than half of the market turnover. Including OTE and OPAP, the trading activity in those six stocks
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Greek digital economy lagging due to weak demand, lack of skills
Societyamong Greeks is higher than overall in the EU.” On the other hand, trust the internet is also lacking... internet users that use online banking (21%) or shop online (40%) are much lower than the EU average (57... was the area where Greece saw its best improvement compared to the previous year’s index, climbing
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Public admin shrinks by 11 pct during crisis, share of employment stays below EU average
Societyis proportionally more than the total employment decline. Among the nine countries that saw an increase..., followed by the UK and France, which had declines of more than 10 percent. In the same period, 19
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How Greek banks can balance on the collateral tightrope
Agorastate. From December to March, Greece saw private sector deposit outflows of 26.8 billion. It seems... (less than 60 days past due) and GGBs. These haircuts are not publicly disclosed. The breakdown of ELA... the system at a higher pace, than the government would be left with hardly any time to conclude
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Newsletter 32 - 26/06/2015
it has been since December 2012. ELA reached a total of 77.58 billion euros at the end of May. May saw... that the lenders would back down at the last minute, giving Tsipras a deal that would be better than... the institutions (led by the International Monetary Fund) rejected more than half of nearly 8 billion
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