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Newsletter 81 - 08/07/2016
to the private sector resumed an upward trend, rising by 327 million in May after remaining almost stable... at the end of May. New electoral law hangs in balance Critics say changes could lead to short-lived... deposit rate eases Greek households’ new time deposit rate fell by 2 basis points to 0.85 percent in May
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Newsletter 86 - 02/09/2016
to that recorded in May. The biggest changes in turnover in June were recorded in car fuel (-18.3 percent), retail... at a slower rate of 3.6 percent in June, a deceleration on the 6.3 percent fall posted in May. Compared..., respectively. Retail volume decreased at a slower rate in June than May. Manufacturing PMI up Greece’s
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Opposition leaders rule out support for SYRIZA as battle for centre ground looms
PoliticsGreek Politicsis not on the table as there appears no immediate threat to the government’s majority. This may change after SYRIZA’s congress in October, when the lid on the party’s internal differences may be lifted. Tsipras also indicated in Thessaloniki that a cabinet reshuffle may be on the cards. Centre ground
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Newsletter 89 - 23/09/2016
Bank’s Single Supervisory Mechanism. The central bank’s report is due to be The government may.... The government may be happy ditching Kalogritsas if his presence is seen as being too much of a risk... expenditure edged down for the first time since May by 0.6 percent to 3.27 billion, with the eight
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Review set to resume in Athens as debt talks drag on
PoliticsGreek Politics, the fiscal gap for 2018 and a range of other minor issues. The aim is to conclude the SLA by May 1... the relevant measures through Parliament by mid-May, leaving enough time for a global agreement to be reached at the May 22 Eurogroup. However, for this comprehensive deal to be reached, the creditors
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Alpha Bank posts net profits of 48.1 mln in Q1, Greek NPE formation turns slightly negative on write-offs
EconomyBankingby 500 million to 16.4 billion in May. Specifically, ELA funding fell from 13.2 billion last December to 12.2 billion in March, and to 12.2 billion in May. Outstanding interbank repos increased to 1.4 billion in May, while the nominal value of the currently held pillar II bonds stands at 300 million
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Athens banks on French support for debt relief and growth
PoliticsGreek Politicssupportive of the Greek demands at the May 22 Eurogroup. The French finance minister took part in the small... percent of GDP per year between now and 2060, but may feel that if Thursday’s agreement falls short... on debt relief measures than what was on offer on May 22 look set to be dashed on Thursday
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Greece gets bigger tranche from Eurogroup but Tsipras misses other key targets
PoliticsGreek Politicsbillion euros that was initially lined up and had been on offer at the May 22 Eurogroup, which ended... relief Regarding debt relief, the Eurogroup statement repeated the commitments made in May 2016..., which marked a slight change to the “if necessary” that had been used in the May 2016 Eurogroup
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In absence of bond issue, coalition ponders next moves
PoliticsGreek Politicsby the content of the IMF’s Debt Sustainability Analysis, which may become public after Thursday’s meeting... the eurozone may be in a position to re-examine the debt issue after the German elections. According... issued in 2019, it appears that the IMF’s limit may not be anything more than a temporary obstacle
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About to soar? Greece's economy still needs to be handled with care
Agoraat a slower pace by 2.3 percent. Although slowing from May, industrial production in June rose for a ninth.... Following the inflows since May, Greek banks’ Eurosystem funding fell for the 25th successive month... billion euros at the end of July, which is the lowest reading since May 2014. The European Central
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