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How Greek banks were left on the brink
Agorathis 5-month period shows that households withdrew 22.3 billion euros making up more than 70 percent... of the domestic loan book, led to Greek banks’ group NPL edging up by 0.4 pp to 32.6 percent. NBG’s NPL ratio
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Tsipras faces lenders' wall in Brussels as political tension grows in Athens
PoliticsGreek PoliticsFylis summed up the mood within the party by describing the creditors’ proposals as “blackmail... with the help of opposition parties but that the government would lose its majority. This then opens up
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Referendum call finds Greek banks teetering on the edge
Economyfrom the banks’ ATMs. This picked up on Saturday when a large number of ATMs ran out of banknotes... making up a large part of ELA funding) are no longer ELA eligible. It was clear from the beginning
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The political scenarios ahead for Greece after the referendum
PoliticsGreek Politicsin the euro. Apart from hoping that this unity will firm up a “Yes” vote (which opinion polls over the last few weeks suggest is the most likely), the opposition has also not given up hope
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Yes or no, complex political developments lie ahead for Greece
PoliticsGreek PoliticsUp to 9.85 million registered voters will cast a ballot in this Sunday’s referendum, which could decide whether Greece’s future lies within the eurozone or not. Polls opened at 7 a.m. and close 12... parties to help create a national negotiating team to reach a deal. Yes A victory for “Yes” opens up
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What the ECB's latest decision on ELA and collateral haircuts means for Greek banks
Economyand on T-Bills at a high-single-digit figure. Pillar II bonds and loans made up around three quartets... haircut since state guarantees make up 50 percent of total ELA-eligible collaterals. Consequently
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Between heaven and hell
Agoraof the referendum was completely different. “We’re doomed now,” he told me. This brief episode sums up... can come up with believable, optimistic answers. On others you cannot find a convincing response
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A breakdown of what Tsipras and European lenders agreed to
EconomyProgrammea significantly scaled up privatization programme with improved governance. The valuable Greek assets... with the Greek authorities to mobilise up to 35 billion euros to fund investment and economic activity
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After marathon in Brussels, short sprints for Tsipras in Athens
PoliticsGreek Politicswill follow Lafazanis’s example and not vote for the new measures but not give up their seats... making. Things are likely to clear up after Wednesday’s vote, when Tsipras will be forced
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EU makes dramatic revision to economic forecasts, sees recession of 2-4 pct this year
Economygrowth between -0.5 and -1.75 percent is seen in 2016, while growth is expected to pick up only... for deposit build-up of 4.5 billion (compared to 7.7 billion proposed by the IMF) 6) Privatization proceeds
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