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Greek deposits down 0.2 pct in October after seven months of rises
EconomyMacroeconomyrespectively. Total deposits - which also include euro and non-euro area residents – dropped by 292... elections were held, deposit inflows total 14.1 billion euros with the largest portion (11.4 billion... funding followed the capital raising of 8.3 billion by the four systemic banks. It also reflects
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Newsletter 20 - 20/03/2015
by another 8.5 billion in February, bringing the total outflows in the 3-month period to 25.5 billion.... That said, withdrawals from large accounts (above 500,000 euros) accounted for just 10 percent of total...’ capital base was hit in Q4 by the quarterly operating losses as well as revaluation losses from
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New unpaid taxes rising steadily, reach 3.5 bln in Q1
EconomyMacroeconomymainly reflects revenue collection of 589 million and write-offs of 148 million. The total stock of new.... The Finance Ministry (MoF) has said that from the total outstanding tax arrears, the effective... that lasted until the end of March and provided for an upfront payment of tax capital eliminating
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Newsletter 30 - 12/06/2015
weeks, it would reasonable to assume that total deposit outflows, including both private and public... to 68 percent of GDP. The total figure also includes liquidity of 38.5 billion via EFSF bonds... to the participation of the Hellenic Financial Stability Fund (HFSF) in their capital increases at that time
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MPs vote for referendum amid growing uncertainty about euro membership
PoliticsGreek Politicsfor a referendum was supported by coalition MPs but also by Golden Dawn, gaining a total of 178 votes. New Democracy, To Potami, PASOK and the Communist Party voted against for a total of 120. Two MPs were... that the Greek government should adopt capital controls. “We stress that the expiry of the EFSF financial
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Car sales rise by 21.7 pct in June for fifth straight increase above 20 pct
EconomyMacroeconomypercent of total road motor cars. Following the double-digit growth rates posted in the first six... to around 83 percent of total. The Attica district registered more than 57 percent of the country’s... of capital controls with a large number of transactions paid in full (and not in instalments) in cash.
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Revised data shows economy shrank by higher rate of 21.4 pct from 2010 to 2014
Economy. The key changes relate to: 1) Total consumption, lowered by 4 billion to 160.39 billion 2) Change... showed that total consumption declined by 22.5 percent or 46.6 billion over this period. This consumption fell by 3.65 billion. Gross fixed capital formation slumped by 48.1 percent (from 46.9 percent
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Newsletter 49 - 30/10/2015
July 2003. Total deposits are at their lowest level since July 2003. Economic sentiment creeps up... tested. Tsipras’s task in trying to hold all this together and prevent a total collapse is huge. His... were used up, government arrears climbed to almost 6 billion euros, capital controls choked numerous
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Progress in bailout talks but foreclosures and NPL management stand in way of agreement
EconomyProgrammeon the government’s proposal to cover a total of around 58-60 percent of indebted households so... but the idea of using the homeowner’s total debt seems to be off the table. On the management of NPLs...’ capital increases with their book-building process expected to end within with this week amid
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Greece close to agreement that would unlock sale of Astir Vouliagmenis
Economy) with the total size of the hotel complex at 120,000 square meters. Market sources indicate that NBG would receive 300 million from the total consideration of 400 million and HRADF the remaining 100 million... the completion of the transaction, which would reportedly include a capital increase covered by the state
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