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Study shows deep impact of capital controls on retail sector
Economyprior to capital controls retail sales fell to 3.33 billion euros, or by 5.4 percent in June. In July... similar trend in June and a diverging pattern in the succeeding two months after the imposition of capital controls. Specifically, food and fuel sales fell by 5.5 percent in June, significantly
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Fitch upgrades Greek rating to 'BB-', three notches from investment grade
EconomyFitch on Friday raised its credit rating for Greece by two notches to ‘BB-’ from ‘B’, while the outlook was updated to stable from positive. Fitch is now ahead in Greece’s credit score compared to the other leading rating agencies. Following the upgrade in June, S&P is at ‘B+’ with the outlook
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Greek banks push for return to normality
EconomyBankingsince January 2011. The latest figures from the Bank of Greece as of June showed that credit... billion euros for the month compared to June’s total of 16.31 billion, under the 20-billion mark... is worth around 22.8 million. Liquidity Greek banks are hoping for a positive credit expansion this year
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Newsletter 84 - 29/07/2016
rules abolish withdrawal limits for money lodged in cash with a Greek bank. extend credit in the future... for the second straight month, with inflows of 1.07 billion in June, the highest reading... in the first six months. On the same day, the BoG said that credit contraction remained stable at 2 percent
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Bank of Greece reveals lenders' NPE challenge and sets out path to recovery
EconomyMacroeconomy) published in mid-June, BoG will publish quarterly, starting from this month, an aggregated summary report... of total exposures and have climbed to 108.4 billion or 45.1 percent at the end of June. Excluding off-balance sheet items, the June figure stands at 106.9 billion euros, corresponding to 50.5
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Newsletter 41 - 04/09/2015
for such an eventuality. Also, New Democracy and PASOK worked together from June 2012 to January 2015. The third scenario... that emerged after the imposition of capital controls on June 29 and the consequent negative repercussions... decided to pay the whole amount via credit card. While those taxpayers paid off the amount in 6 to 12
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Newsletter 82 - 15/07/2016
official figures on overdue taxes show they increased at a faster pace of 1.25 billion in June, which... funding notably fell by 8.57 billion from the previous month to 87.14 billion in June, which... billion euros in June, following a decrease by 3.86 billion in May. This is the sharpest drop
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Tourism industry braces for outcome of gloomy Covid-19 scenarios
EconomyFeaturesvisited Greece in the June to August high season, according to the BoG. Given that the impact..., according to reports. Under the first, positive scenario, the tourism industry will pick up from June... June through to August not only for Greece but for the global tourism industry as a whole. In terms
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Newsletter 420 - 12/04/2024
parties have spent the last few days setting out their stalls for this June’s European Parliament..., as the party launches the candidate selection process for June’s EP elections. Kasselakis repeated his call... for the European Parliament elections in June, the SYRIZA leader continued his assault on Mitsotakis
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Portugal and Greece: The opposite ends of Europe’s southern periphery
Agorawith on-site production facilities, new dangers lurk around the corner for that manufacturing... experienced a reverse trend. Not only have Brazilians or Albanians migrated back to their countries... not experienced in half a decade. While at opposite ends of the eurozone’s southern periphery, Greece
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