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Newsletter 81 - 08/07/2016
noted that the lifting of capital controls would be a gradual process, adding that the restrictions..., Fitch noted that capital controls could be gradually relaxed from the end of 2016, subject to a stable... precondition for the lifting of capital controls. In addition, Fitch said that following the ECB’s
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Q3 GDP rebounds 0.8 pct QoQ and 1.8 pct YoY, above flash estimates
EconomyMacroeconomyas last year’s figure was burdened by the imposition of capital controls. General government... controls. In addition, travel receipts rebounded 2.3 percent in September, while dropped by 5.5 percent... of 12 percent, since last year’s figure was weighed by the capital controls. In particular, imports
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The key elements of the draft agreement between Greece and lenders
EconomyProgrammecontrols. In specific, the draft stresses that starting from December 2016 the Bank of Greece (BoG) will send a quarterly report to the institutions including key statistics related to capital controls..., MoF and BoG will have to publish a roadmap for the relaxation of capital controls outlining
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BoG reveals figures for repatriation and banknotes returning to banking system
EconomyBankingon the evolution of Greek banks’ deposits since the imposition of capital controls at the end of June 2015... was the provision of the legal framework of capital controls that allowed repatriated funds to be transferred... withdrawals and the administrative controls on transfers abroad mainly burdened corporates rather than
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BoG revises GDP forecast, stresses debt restructuring and reforms in monetary policy report
EconomyMacroeconomycontrols. The bank notes that the contraction of credit to nonfinancial entities appears to be bottoming... to small- and medium-sized enterprises (SMEs, 60.7). Capital controls remain a problem although measures have been taken to relax them. The continuation of measures to lift capital controls along
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Government bets on big energy headlines while pledging discipline at the pump
PoliticsGreek Politicsand highlights the weakness of his foreign policy stance towards Turkey. Price controls On a more prosaic level... by announcing price controls on fuel and essential groceries. PM Kyriakos Mitsotakis said...” rather than effective price controls.
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Debt relief or debt restructuring for Greece?
Agoraresult was the implosion of the banking sector and the first-time introduction of capital controls for a member of the euro area. These controls have now been in place for nine months and show no signs
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A macroeconomic assessment of the Cypriot economy after the haircut
Agoraforeign depositors and the foreign business sector (also by opening up capital controls for foreigners... of liquidity in an economy with limited money supply growth and in the presence of capital controls
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Tsipras hopes to muddle through, avoid internal clash for now
PoliticsGreek Politicsit leading to a default or the imposition of capital controls. Dragasakis was visibly upset by Dijsselbloem’s suggestion this week that Greece may soon have to impose capital controls, as Cyprus did
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Newsletter 25 - 08/05/2015
with the result that he wants, the country will have to live with the consequences of capital controls... that is in such a fragile state and so reliant on cash, imposing capital controls would be the equivalent
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