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Newsletter 28 - 29/05/2015
that the other issues cannot really be settled until there is a convergence on the fiscal targets... consultation until June 5, regarding the voluntary disclosure by taxpayers of undeclared capital... the other indicates that things can be smoothed over. Until we know the content of the agreement and how
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How Greek banks were left on the brink
Agorathat 4.4 billion euro of money withdrawn from December until March was sent abroad. Of this, 80... (20 percent of household and corporate outflows until March) were placed, mainly from households... placed in the interbank market until December, for accessing liquidity from the ECB. Thus, their total
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Referendum call finds Greek banks teetering on the edge
Economysector outflows of 35.3 billion from December until the end of May. When public sector withdrawals... billion euros to around 88 billion until June 22 meaning that deposit outflows mainly from.... Until last week, there was a broad sense that outflows were to a large extent manageable
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What capital controls will mean for Greek banks, customers and the economy
Economyamong these was the declaration of a bank holiday from June 28 until July 6 and the imposition... withdrawals are added, the figure rises to 40.7 billion euros that have left from Greek banks until the end of May. During June, the ELA limit was increased by around 9 billion until the middle of last
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IMF preliminary DSA finds Greek debt unsustainable, points to need for debt relief
EconomyProgramme. These are estimated at 50 billion from October 2015 until the end of 2018 requiring new European money of at least... by September and financing needs until then would be covered by about 6 billion from the Hellenic... on highly concessional terms to cover the projected financing needs until the end of 2018 through
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Which way now, Mr Tsipras?
Agorauntil a productive discussion on debt relief (which may yet be his personal vindication from all... until the necessary antibodies have been created by that time. By making his idea so public... the stick that would likely follow. Tsipras also emphasised that until the third package has been agreed
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Sixth straight fall for economic sentiment in August as it plunges by 6.1 pts
EconomyMacroeconomythan 26 points until June 2014. Since then, it has been heading downward, with a significant... at -83.8. Since then, it showed a slightly upward, albeit volatile, trend until August 2013 and a more rapid improvement until February 2015. As in July, the other four business indicators posted a marked
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Greek banks' ELA ceiling lowered by 1 bln on improved liquidity conditions
EconomyMacroeconomythe provision of ELA to the banks of their country”. Until then, changes in the ELA limit were attributed... was zero until December and sharply rose thereafter on huge deposit outflows of 44 billion until
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CPI falls at accelerating rate of 1.7 pct in Sept
EconomyMacroeconomyperiod that started in mid July and lasted until the end of August. This is clearly demonstrated..., whilst a slowing trend was followed thereafter until August 2014, when CPI slipped by 0.3 percent... in January 2015 and remained above the -2-percent mark until July. In its World Economic Outlook report
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The key points in Greece's new bank recap bill
Economyfirms. 7) Banks may recognise Deferred Tax Asset (DTA) for credit risk until the end of June 2015 (previously until the end of 2014), 8) HFSF capital is set at 50 billion euros and its tenure is until
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