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Cost of Greek corporate loans rises in April, remains well above euro average
EconomyMacroeconomyaverage rates stands at around 2 percentage points for amounts up to 250,000 euros and at circa 3
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As Bank of Greece lines up Stournaras to take over, it reveals how risky things got during crisis
EconomyMacroeconomythe highest weekly deposit outflows. These were recorded in the week before June 2012 elections (3 billion), in the week March 22-26 2010 when rumors of an imminent default prevailed in the market (2
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C/A deficit to April narrows by 34.7 pct boosted by services
EconomyMacroeconomyinvestment, April net inflow stood at 5.3 billion following an inflow of 3 billion recorded in March... for 2014 C/A surplus from 2 percent to 1 percent. The slight increase to last year’s figure of 0.7
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Decline in Greek CPI slows to 1.1 pct in June after sharper fall in May
EconomyMacroeconomyThe Consumer Price Index (CPI) fell 1.1 percent in June, decelerating from the 2 percent drop in May, the Hellenic Statistical Authority (ELSTAT) said on Wednesday. The monthly evolution shows... in education prices, 3 percent in food and non-alcoholic beverages and 2.9 percent in miscellaneous goods
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Greek jobless rate remains stuck at 27.3 pct for third month
Economyby 1.1 percent in April from 0.5 percent in March. The number of unemployed fell by 2 percent YoY... steeper (3 or 4 times higher) cumulative rate of increase since 2009. As already evident in the historical
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Stress mounts ahead of ECB's tests on Greek banks
Economy, local media indicate that the outcome of ECB stress tests could result in capital needs of 3 billion... and losses on the residential portfolios that could yield additional capital yields of 4 and 2 billion euros
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Greek retail sales dive 8.5 pct in May after brief rise in April
EconomyMacroeconomyin May retail volume by 3.3 and 3 percent respectively. Food, beverages and tobacco as well... price reduction. ΙΟΒΕ’s previous projection indicated a -2 percent drop and the upgrade followed
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Greek central government debt rises to 322.4 bln in Q2
EconomyGreece’s central government debt rose by almost 2 billion euros to 322.4 billion in Q2 2014 from 320.42 billion in the preceding quarter, according to the Finance Ministry debt bulletin published... redemptions of 9.4 billion in May and the 5-year bond issue of 3 billion in April. The net rise in FSM loans
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Eurobank reports net loss of 301.1 mln in Q2
EconomyBankinginterest margin (NIM) reached 2 percent. On the cost front, operating expenses remained almost flat QoQ... improved by more than 3 percentage points QoQ to 54.6 percent in line with its domestic peers. The non
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Greek debt: A case of learned helplessness?
Agorain the PSI had a 30-year maturity period, no principal repayment before the 11th year and a coupon of just 2 percent in interest payments to 2015 and 3 percent to 2020. Non-concessionary The eurozone instead
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