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Newsletter 31 - 19/06/2015
to the banks’ Q1 results, this was mainly evident in the housing loan sector. According to the most recent... government has included cuts of 200 million euros to defence expenditure, mainly from shutting down some
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Deposit outflows eased to 3.86 bln in May, balance below 130 bln
EconomyMacroeconomyover the past 6 months were in banknotes and short-term instruments (mainly money market funds... that the total of 3.27 billion of gg outflows in the March-May period is mainly related to transfer
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Referendum call finds Greek banks teetering on the edge
Economy(mainly transfers of part of general government entities’ cash reserves from commercial banks to a cash... billion euros to around 88 billion until June 22 meaning that deposit outflows mainly from
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Referendum call stretches state liquidity, pensioners first to bear the brunt
EconomyProgrammeand the economy. One of those that were mostly hit were pensioners. The bulk of main pensions, mainly related..., citing funding issues that arose due to the capital controls. This is mainly attributed to revenues
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Retail turnover fall accelerates to 3.3 pct in April
EconomyMacroeconomypercent (MoM), while volume also rose by 4.4 percent. The rebound is mainly attributed to the Easter... and 0.7 percent MoM. Over the past six years, retail trade has fallen by more than 28 percent mainly
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What next for Greece's revenues and spending?
Agoramillion euros in January, revenues recovered in the succeeding three months. This was mainly driven... that “lower expenditure is mainly due to the rearrangement of cash payment projection, according
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Car sales rise by 21.7 pct in June for fifth straight increase above 20 pct
EconomyMacroeconomyon the 2008 figure of 347,354. This mainly reflects a marked decline by more than 30 percent per annum... of the year mainly reflect renewal of Rent-a-Car fleets and to a lesser extent to replacement of old
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Current account surplus at 407 mln in May - first positive balance since Sept 2014
EconomyMacroeconomySeptember 2014. The improvement in the C/A balance by 707 million year on year (YoY) mainly reflects... of the goods’ deficit by 910 million. The improvement in the goods’ balance is mainly attributed
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What the latest set of prior actions mean for home foreclosures
Economylimited at the moment and mainly involve large buildings rather than homes. Government sources said...). The ECB welcomed the draft law and its provisions, which mainly relate to the role of the Bank
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Drop in corporate loan rates led the average loan rate at a new historic low
EconomyMacroeconomy, the time deposit rate climbed to 5 percent amid strong competition mainly led by the smaller banks..., the interest rate in consumer credit without a fixed maturity (mainly credit cards) grew by 14 bps to 14.63
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