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Credit contraction eases to 0.8 pct in Sept
EconomyMacroeconomyThe pace of credit contraction in the Greek market eased to 0.8 percent in September from 0.9... and came to 23.75 billion. The Greek market has been experiencing a contraction for the last six years... deductions have reached well in excess of 40 billion. The challenge for Greek banks in their quest
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Deposit outflow of 51.7 mln in September for banks
EconomyMacroeconomyDeposit flows in the Greek banking system entered negative territory in September, showing... it was announced that the ELA ceiling for Greek banks would be reduced further by 1 billion euros to 32.6 billion. The drop reflected “developments in the liquidity situation of Greek banks, taking into account
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PMI at 52.1 in October, dropping slightly from previous month
EconomyMacroeconomyfor a fifth consecutive month. The report by Markit stated that the Greek manufacturing sector entered... during the month, marking the sixth month of job increases in the Greek manufacturing sector, which... data indicated a positive picture of the Greek manufacturing sector. Most notably, they highlighted
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Athens eyes ample cash buffer, prepares for bond swap
EconomyProgrammeof the Greek economy will not end in August 2018. Houliarakis said that Athens is aiming to create a cash... under 30 billion euros, issued as part of the 2012 restructuring of Greek debt (PSI) with as many... positively by the markets, with yields on Greek bonds receding and trading volumes touching 3 million euros
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Eurogroup marks start of countdown for prior actions
EconomyProgrammereview stands. During the recent visit to Athens, the creditors reached agreements with the Greek... due to take place next year. The Greek government is adamant that no more measures will be needed.... Preliminary checks on Greek banks by the Single Supervisory Mechanism (SSM) are also in full swing
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Coalition seeks to remove review obstacles, turn up pressure on opposition
PoliticsGreek Politics? This is what Mr Mitsotakis has to explain to the Greek people,” he said. Paradise Papers New Democracy... it a “challenge for the international community and the Greek government.” He vowed that the coalition would investigate any potential Greek tax evaders included in the documents. New Democracy called
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Parliament to take up Kammenos allegations next week
PoliticsGreek Politicsof being in a panic over a string of allegations regarding the deal, which centre on a Greek businessman... his role in the efforts to reach a deal to sell up to 300,000 105mm antitank rounds from the Greek... of a middleman in the deal, who the Saudis denied knowledge of, Kammenos has also been accused in the Greek
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Credit contraction deepens slightly to 0.9 pct in October
EconomyMacroeconomyCredit contraction in the Greek market picked up pace slightly by 0.9 percent in October, compared... and came to 23.70 billion. The Greek market has been experiencing a contraction for the last six years... and reduction of the stock of non-performing exposures (NPEs) remains a challenge for Greek banks. NPEs
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Deposit inflows of 1.04 bln in October for banks
EconomyMacroeconomyThe Greek banking system experienced positive inflows of 1.04 billion euros in October, reversing... liquidity assistance (ELA) came on November 9 when it was announced that the ELA ceiling for Greek banks... in the liquidity situation of Greek banks, taking into account private sector deposit flows,” the BoG
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Athens, creditors on way to settling energy, labour issues in third review
EconomyProgrammeElectronic auctions are due to begin on Wednesday, with the Greek government hoping... that the lenders were content with the fact that the Greek state had dropped proceedings against... pressure is likely to be placed on the Greek government to ensure the matter is settled.
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