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Government stalls possible bond issue, clashes again with judiciary
PoliticsGreek Politicsexpected, 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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Judicial system becomes key battleground for political parties
PoliticsGreek Politicsrare 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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IMF sees eurozone debt relief pledges failing to deliver sustainability
EconomyProgrammeof 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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Credit contraction accelerates to 1.3 pct in June on loan deductions of 206 mln
EconomyMacroeconomyThe 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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Deposit inflows increase to 1.1 bln in June
EconomyMacroeconomyThe 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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Healthcare next stop for Tsipras amid Georgiou case fallout
PoliticsGreek PoliticsA 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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Inflows continue in July as deposits increase by 927 mln
EconomyMacroeconomyThe positive deposit flow in the Greek banking system continued in July, with inflows reaching 927... billion. Following the recorded inflows since May, Greek banks’ Eurosystem funding fell for the 25th... since May 2014. The ECB decided on August 3 to further reduce the ELA ceiling for Greek banks
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Credit contraction continues in July with 1.2 pct decline
EconomyMacroeconomyThe pace of credit contraction in the Greek market marginally decelerated in July, reaching 1.2...-euro mark, at 23.94 billion. There has been credit contraction in the Greek market for the last six... deductions have reached well in excess of 40 billion. The challenge for Greek banks in their quest
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Slow pace of civil service evaluation, Hellenikon deal add to review agenda
PoliticsGreek Politicsthe impact that the project could have on the Greek economy, the revenues from the privatisation are also.... Some reports in the Greek media claimed that the lenders have not given their approval... the institutions and the Greek government in the coming weeks will have to focus on much more than just
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Clean exit under discussion but course of third review holds key
EconomyProgrammeor complications. The head of the Eurogroup Working Group Thomas Wieser gave an interview to Greek news... years. Athens is hoping that part of this money will be raised by new bond issues. Another Greek.... Many of the details, including Greek fears regarding the International Monetary Fund’s (IMF
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