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Deposits down for fourth month in a row as tax obligations rise
EconomyMacroeconomydeposits – including euro and non-euro area residents – dropped by 982 million or 0.5 percent mom... million and non-euro area residents’ outflows of 434 million. The positive sentiment prevailing
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Debt relief or debt restructuring for Greece?
Agorafor a member of the euro area. These controls have now been in place for nine months and show no signs... the lenders on the island, ultimately resulting in a fifth member of the euro area needing
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Should Greece really ask for a debt haircut?
Agora. The euro area seems determined, yet again, to restructure part of Greece’s loans with the aim of annual... hands onto the shoulders of euro area taxpayers. We missed that chance because we did not have any
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Greek deposits fell by 1.4 pct in January amid outflows of 2.3 bln
EconomyMacroeconomyrecorded in December. Total deposits – including euro and non-euro area residents – dropped by 3 billion... incorporates outflows of 674 million from non-euro area residents. Since the end of June 2012, deposit
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Greek deposits down 0.3 pct in Feb, credit contraction stable
EconomyMacroeconomyfor the second consecutive month. Total deposits – including euro and non-euro area residents – dropped by 664... also stems from 587 million outflows from non-euro area residents. In contrast, the general
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Eurogroup clears next bailout tranches for Greece, sets new goals
EconomyProgrammeprogress in the area of public administration reforms, “in order to improve the quality... Management Agency will offer repos to cover short-term funding gaps. The Euro area Member States
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Greek deposits edge up for second month in April, reach 161.3 bln
EconomyMacroeconomyalso due to increased tax obligations. Total deposits – including euro and non-euro area residents... million and non-euro area residents’ inflows of 574 million. Inflows of 11.7 billion have been
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IMF report sees a number of risks lying ahead for Greece
EconomyProgrammefrom having the weakest to the strongest cyclically-adjusted fiscal position within the euro area... of the euro-area periphery. Export underperformance is mainly driven by limited improvements in price
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Greek-German relations: Perception versus reality
Agorapolitical economy. Put otherwise, can economies across the euro area identify fiscal space in exchange... of the credit transmission mechanism in the euro area? These are vexing challenges that are searching
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Deposits rise for third straight month in May, reaching 162.1 bln
EconomyMacroeconomy. In contrast to private sector deposits, total deposits - which also include euro and non-euro area..., while non-euro area residents posted a negative flow of 372 million. The deposit evolution over
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