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Managing an orderly Greek exit from the memorandum
Agorathink about Athens’ determination to spend considerable political capital on such an exit strategy... to refinance itself through international capital markets in 2015 is a high-risk strategy. More importantly, in the course of 2014 Greece returned to international capital markets twice, first in April
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Conditions for Greek ECCL reportedly outlined in German document
EconomyProgrammebonds currently held as capital buffer by the Hellenic Financial Stability Fund (HFSF). Based on the HFSF’s 9-month financial statements, its capital buffer amounted to 11.6 billion euros... in the current account balance. 5) Access to capital markets. Despite the issues of 3- and 5-year bonds until
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How SYRIZA says it will fund its economic policies
Economyby the following four funding sources: 1) Utilization of the Hellenic Financial Stability Fund (HFSF) capital... of this backstop facility would be used for the cost of capital for a new intermediary body to manage... capital for anything other than bank recapitalisation requires approval by the Eurogroup as well as from
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EU makes dramatic revision to economic forecasts, sees recession of 2-4 pct this year
Economyof administrative measures on the banking sector (capital controls). Long-term growth is anticipated... and the severe policy slippages in the first half of 2015 coupled with the imposition of capital...-performing loan (NPL) resolution process, imposition of capital controls and payment culture, a capital
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Manufacturing PMI falls to record low in July, new business sees biggest drop
EconomyMacroeconomyincluding output, new orders, employments and stocks. This was mainly led by the capital goods... the impact of capital controls on demand coupled with a generally uncertain operating environment... to the capital controls in conjunction with the limited availability of some items. As a result, stocks
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Newsletter 38 - 07/08/2015
The imposition of capital controls on June 29 has had a clearly negative impact on consumption... such as supermarkets is less severe. Capital controls and bank shutdowns have clearly led to a radical... capital controls were imposed. However, Greece was ranked last in non-cash payments per capita in the EU
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Bank recap and NPL management create conundrum in bailout talks
EconomyGreek banks’ possible capital needs. In addition, a total envelope of up to 25 billion euros would... identifies capital shortfalls for one or more significant institutions, these may be covered by the capital... estimates on Greek banks’ capital needs range between 10 to 15 billion euros. Prime Minister Alexis
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Q2 GDP rebounds by 0.9 pct QoQ on higher consumption and falling imports
EconomyMacroeconomyas well as increased taxation on income and real estate property. Investments Gross fixed capital... this is expected to significantly slow down in Q3 due to the imposition of capital controls. Since 2008... of capital controls, it is expected that a similar performance will be evident in Q3. Note though that due
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Greek stocks gain 3.5 pct during week as investors wait for election fog to clear
Economybelow the levels seen before the imposition of capital controls. Emphasising the unpredictability... by more than 56 percent over the period in question amid concerns over their capital needs and the bank... by the restrictions of capital controls. Corporate news No major events are expected next week except
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PMI rebounded in September, but survey data still point to a downturn on lack of new orders
EconomyMacroeconomyin June. This is largely attributed to the imposition of capital controls at the end of June coupled... with pre-production inventories dropping at a sharp pace amid lack of new orders and capital controls... for the tenth consecutive month, with September’s performance attributed to capital controls
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