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OECD report outlines steps to reduce burgeoning poverty rate in Greece
EconomyMacroeconomyexpenditure system which in 2016 stood at 27 percent of GDP, representing nearly half of government... system is not only small but also highly fragmented across 24 different programmes. The Greek authorities
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Newsletter 160 -04/05/2018
system. Although several reforms were implemented in 2017 and 2018 to consolidate and strengthen family... increased to 126.02 billion euros. Net deposit movement in the Greek banking system turned strongly
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Tsakalotos eyes conclusion of review and debt talks, will not dispute pension cuts
EconomyProgrammeis correct in its assessment that pensions cannot act as a substitute for a proper welfare system... to achieve these goals include: modernising the public administration, reforming the justice system
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Eurosystem funding decline picks up pace to 3.26 bln in April
EconomyMacroeconomybanking system grew. The steady fall in banknotes in circulation in recent months signals an improvement... of the country’s banking system returns.
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Focus of banking sector commitments shift to NPL reduction, debt restructuring framework
EconomyProgrammethat would undermine the seamless operation of the banking system in terms of liquidity, solvency... with the monitoring institutions. The liquidity of the system will be monitored quarterly, banks
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Deposits stay positive with 870.1 mln inflow in April
EconomyMacroeconomyNet deposit movement in the Greek banking system remained positive and showed inflows of 870.1 million in April compared to inflows of 1.14 billion in March, Bank of Greece (BoG) figures revealed... manifested in positive deposit inflows into the Greek banking system. April’s deposit inflows were
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Capital controls eased, allowing larger withdrawals and doubling limit on business transfers abroad
EconomyMacroeconomy) conducted a survey about the confidence that people have in the banking system. Although trust in the system has been shaken and most respondents were not optimistic about the complete lifting
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What the ECB did next - a tale from another crisis
Agorais that the ECB tried to keep the Greek banking system running, but on a low gear, via carefully... system would threaten the coherence of Target 2. Pleasing the Greeks would upset the Germans
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Fourth review nears conclusion, clearing path for debt relief agreement
EconomyProgramme. Germany objected to the automaticity of this system and if this resistance is insurmountable, there are doubts about whether a conditional system would convince markets or the IMF that Greek debt
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Lenders set out post-MoU framework with aim of securing reforms
EconomyProgrammeby 2022. For the banking system, the lenders expect that the Hellenic Financial Stability Facility (HFSF... of this year, while a human resources management system has to be in place by December 2019.
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