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  1. Outflows ease to 1.5 bln in July but deposits reach lowest level since May 2003

    EconomyMacroeconomy

    Greek private sector deposit outflows fell to 1.51 billion euros in July from 7.58 billion in June, according to the Bank of Greece (BoG). The slowdown reflects the imposition of capital controls... respectively. Due to the capital controls and the restrictions imposed on the manual renewal of time

    3%
  2. July credit contraction at 1.5 pct, slowest since Aug 2011
    Photo by MacroPolis

    EconomyMacroeconomy

    almost at 500 million. Balances fell by 2.5 percent to 25.69 billion. The imposition of capital... of the capital controls and the deteriorating macro environment, a key risk factor for credit expansion

    3%
  3. Lack of new orders and sharp drop in production lead to weak PMI in August

    EconomyMacroeconomy

    pace in August also due to the capital controls. Manufacturing employment continued falling in August... further rose in August, also on the back of the capital controls, while output prices continued falling

    3%
  4. Newsletter 41 - 04/09/2015

    Newsletters

    that emerged after the imposition of capital controls on June 29 and the consequent negative repercussions... cards after the imposition of capital controls. On top of PIT, CIT and ENFIA, tax obligations

    3%
  5. Even week for Greek stocks but trading thins out

    Economy

    . At the same time, Greek investors remain constrained due to the imposition of capital controls... value in the period after the imposition of capital controls. Alpha share excelled by far among

    3%
  6. July trade deficit lands at 715 mln as imports post biggest drop on record

    EconomyMacroeconomy

    to the imposition of capital controls (as of June 29) with imports plunging by 32 percent, while exports also... to a lesser extent by the capital controls with the absolute figure reaching 2.31 billion, which

    3%
  7. Industrial production drops by 1.6 pct for third successive month in July

    EconomyMacroeconomy

    by intermediate goods (-8 percent), capital goods (-7.9 percent) and consumer non-durables (-5.2 percent.... The positive growth rate reflects an increase in energy and capital goods’ production by 17.6 and 1.8

    3%
  8. Newsletter 43 - 18/09/2015

    Newsletters

    of the year. Since the ECB is expected to announce the banks’ capital needs in the second half... and frustration have interchanged almost on a daily basis. The introduction of capital controls at the end

    3%
  9. Current account surplus jumps to 4.25 bln in July on SMP returns and nosedive in imports

    EconomyMacroeconomy

    reflecting the imposition of capital controls as of June 29. At the same time, exports fell by 9 percent... due to the capital controls and bank holiday. Overall, travel balance recorded a surplus of 2.71

    3%
  10. Industrial production rebounds strongly in August with 4.5 pct rise

    EconomyMacroeconomy

    industrial grouping showed only one posted a sharp drop, namely capital goods (down 24.7 percent...) followed by intermediate goods (up 13.3 percent). On the other side of the spectrum, capital goods

    3%