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Newsletter 344 - 01/07/2022
placed its estimate at 3.1 pct. Eurostat announced today Friday the HICP for June, with the latest... of the weekSentiment All components deteriorated in June, leading economic sentiment down by 3.7 points... billion of households. Loans Credit movement in the private sector kept a steady pace, growing by 3.2 pct
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Bank of Greece publishes bank stress test results, which see capital needs at 6.4 bln
EconomyMacroeconomyof appropriate capital buffers. The calculation of the capital needs refers to the June 2013 – December 2016 period and uses: The credit loss projections (CLPs) on total loans granted in Greece and abroad... banks had reported cumulative provisions of 38.4 billion at the end of June 2013. The estimated
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Newsletter 261 -07/08/2020
cash deficit at 5.48 bln June figure driven largely by drop in tax revenues Greece’s general government... increase in bonds which came to 61.73 billion euros in June and made up 17 percent of the total. In other... compared to May and came to 12.19 billion in June. Bank support was unchanged month-on-month at 320
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Newsletter 46 - 09/10/2015
warehouses should be completed by June 2016, while the three main international ports should be fully...% Greece’s seasonally adjusted unemployment rate remained at 25 percent in July, unchanged from June.... Such pendular experiences should be recognised by all sides concerned. But what the Greek authorities literally
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Newsletter 79 - 24/06/2016
that of ECB funding. The switch to ECB funding as of June 29 would entail cheaper liquidity of 5–6 billion... morning that the ECB lowered the ELA ceiling for Greek banks by 3.1 billion through to June 29..., friendships, marriages and experiences we will be denied,” wrote a Financial Times reader in an online
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Third of Greek households trapped in debt and poverty, study suggests
Societycharges (credit, tax and other). Last year, 54 percent of households received demands to pay more than 500... a marked, ten-point increase in the use of credit cards to cover household obligations. Whereas 15.8..., almost all households (93.7 percent) have experienced a significant decline in income since the onset
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Newsletter 11 - 16/01/2015
Conditions Credit Line (ECCL). He said the conditions could include certain structural milestones that were... into a precautionary credit line, in line with the ECCL. Finally, the finance minister said that the 2014 primary... or the Finnish Prime Minister Alexander Stubb are experienced enough to ignore such irresponsible references
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You've heard the Greek crisis myths, now here are some truths
Agora-labour related costs resulting from difficult or expensive access to bank credit, supplier cutback of credit, long waiting times for VAT refunds from the state and delays in payments by customers... down, The economic devastation experienced in Greece over the last five years is pushing some of those
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Taking a macro snapshot
Agoraof the current state of the economy. The shaded area in the charts represents May and June 2012 when... higher than the May and June 2012 period, orders are at the same levels, both indices have rebounded... sentiment has recorded a remarkable recovery since June last year and the formation of the coalition
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After Q3 results, what next for Greek banks?
Agoraof the foreclosures ban. Following a successful recapitalisation last June, Greek banks again... participated in the rights issues last June, which also took into account the warrants that were... last June. The other banks argue that an amendment to the law allowing a lower issue price in a new
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