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Moody's downgrades Greece's rating by one notch to Caa3
Economywill remain high. The imposition of capital controls will further undermine growth and Moody’s..., Moody’s expects Greek banks will remain closed for a longer period with tighter capital controls.
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Tsipras forges ahead with referendum as lenders hold back, wait for result
PoliticsGreek Politics. A poll by Prorata for Efimerida ton Syntakton newspaper found that before capital controls were... to 46. The undecided also increased to 17. As the impact of closed banks and capital controls deepen
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Greek banks' liquidity position at the centre of attention
EconomyAn extraordinary meeting was held on Friday afternoon to assess the liquidity position of Greek banks after the imposition of capital controls on June 29. The meeting was headed by Deputy Prime... capital controls were imposed. Skai TV also reported that pension payments, via cashiers from
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Yes or no, complex political developments lie ahead for Greece
PoliticsGreek Politicsof banks and capital controls over the last few days. There also appears to be confidence in the government that banks will reopen swiftly and capital controls will be lifted soon but past examples
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What next for Greece's revenues and spending?
AgoraWith a bank holiday and capital controls in effect since June 29 and the government tabling an updated set of fiscal measures in an effort to resume negotiations for a new bailout programme... with the imposition of capital controls and banks closing. However, the latest expectations do not rule out
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IMF urges substantial debt relief for Greece
EconomyProgrammeunsustainable. The IMF stresses that the closure of Greek banks and the imposition of capital controls... banks could mean further capital injections in the future. The IMF concludes that the sharp
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What the latest set of prior actions mean for home foreclosures
Economy) of Greek banks to identify their possible capital shortfalls will start in mid-August. The results...’ interest to cover their capital needs by the end of the year.
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June deposit outflow rises to 7.58 bln as total balance drops to lowest in 12 years
EconomyMacroeconomybillion In February, fuelled by heightened concerns on Grexit and impositions of capital controls... time to cover the anticipated weekly outflows of Greek banks amid capital controls with the daily
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Credit contracts at slower pace of 1.7 pct in June, monthly loan flow positive
EconomyMacroeconomyof non-performing loans (NPLs), which will determine to a large extent their possible capital needs... pointing to a further rise as of Q3 amid the imposition of capital controls at the end of June
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A breakdown of the funding needs involved in Greece's third bailout
EconomyProgrammeand the imposition of capital controls, the fundamentals of Greek banks have deteriorated. As a result, institutions expect that the domestic banking system would require a capital injection up to 25 billion
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