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  1. Athens blocks EU statement on China amid growing economic ties
    Photo by Andrea Bonetti/Fosphotos

    PoliticsForeign Policy

    bailout, last Thursday. According to Greek diplomatic sources, Athens’ decision to block the EU’s... the development of their relation with the EU," a Greek foreign ministry spokesman said. It should be noted... in Egypt, as well as the UN’s statement on Iran. According to well-informed sources, the Greek side told

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  2. Deposit flow in positive territory at 638 mln in May
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    The deposit flow in the Greek banking system turned positive in May, with inflows of 638 million... in May, Emergency Liquidity Assistance (ELA) funding for Greek banks declined by 1.4 billion to 40.7... the ELA ceiling for Greek banks by a total of 1.7 billion euros. As a result, the ELA limit

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  3. Credit contraction slightly accelerates to 1 pct in May on deductions of 395 mln
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    The pace of credit contraction in the Greek market slightly accelerated to 1 percent in May from... in the Greek banking market. The loan balance has dropped by 25.4 percent amid continued deleveraging, with net... of business loans and 41.5 percent of mortgages were classified as NPEs. Last September, Greek banks

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  4. NBG sale of its 75 pct stake in Ethniki Insurance improves capital ratio by more than 100 bps
    Photo by MacroPolis

    EconomyBanking

    . It was established in 1891 and controlled a market share of 13.5 percent in Greek market in 2016... companies will generate approximately 1 billion in premia annually from the Greek insurance market...) as part of the state aid in the last round of Greek banks’ recapitalisation. This amount was later

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  5. Government stalls possible bond issue, clashes again with judiciary
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    expected, may have dissuaded the Greek government from tapping the markets this week. Athens seems... momentum built up since the June 15 Eurogroup agreement. Nevertheless, Greek bond yields have continued... the decision would be recorded in the “black book” of Greek justice. He added that the judiciary

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  6. Judicial system becomes key battleground for political parties
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    rare for top Greek judicial officials to speak in public in such a manner but Sakellariou indicated... among many moderate Greeks. Rising tension The Greek judiciary has tended to be a very conservative... time in Greek history that an “ultra-conservative enclave” within the judicial system is trying

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  7. IMF sees eurozone debt relief pledges failing to deliver sustainability
    Photo via IMF photostream on Flickr [https://www.flickr.com/photos/imfphoto/]

    EconomyProgramme

    of Greek banks a large contingent liability for the Greek state and sets aside a buffer of 10 billion... record on generating privatisations revenue, combined with the depletion of state’s share to Greek banks

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  8. Credit contraction accelerates to 1.3 pct in June on loan deductions of 206 mln

    EconomyMacroeconomy

    The pace of credit contraction in the Greek market accelerated for the second successive month... falling below the 24-billion-euro mark. There has been credit contraction in the Greek market... lending (down 25.1 percent). As clearly indicated by BoG, the biggest challenge for Greek banks as well

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  9. Deposit inflows increase to 1.1 bln in June
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    The deposit flow in the Greek banking system remained positive for the second straight month.... Following the recorded inflows in June, Greek banks’ reliance on the Emergency Liquidity Assistance (ELA... the ELA ceiling for Greek banks by a total of 3.1 billion. As a result, the ELA limit currently

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  10. Healthcare next stop for Tsipras amid Georgiou case fallout
    Photo by Natasha Pantazopoulou/Fosphotos

    PoliticsGreek Politics

    A day after government MPs approved a draft law introducing changes to the way Greek universities... to respecting the independence of the Greek judiciary. However, the experience that European... in the judicial system, issued a statement on Thursday defending the Greek courts' right to convict

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