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What are the implications of the ECB's decision for Greek banks?
Economyof Greek government bonds as collateral by local banks. Below we examine where this decision leaves Greek... review”. However, the decision does not restrict Greek banks from drawing funds via the Bank of Greece (BoG) and the Emergency Liquidity Assistance (ELA) mechanism. Reaction in Athens The Greek Finance
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As imports rise, Greek C/A balance flips back to deficit in May
EconomyMacroeconomymillion stemming from a 3.1 billion outflow in holdings of Greek government bonds and T-Bills by non... figure mainly reflects increased non-residents’ holdings of Greek stocks, primarily attributed to the participation in the 8.3 billion capital increases of the four core Greek banks. Reserve assets
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Greek GDP drops by less than expected 0.2 pct in Q2, signalling recession exit near
EconomyMacroeconomyThe Greek economy recorded the 24th consecutive period of decline in Q2 of 2014 as Gross Domestic..., followed by a drop of 7.4 percent in 2012 and 4 percent last year. The Greek economy plummeted... in Q1 although the Greek government expects it to grow by 5.3 percent this year. Exports have failed
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Services help increase Greek current account surplus to 1.37 bln in June
EconomyMacroeconomyin Greek shares, Greek government bonds and T-Bills. The first half figure recorded a net inflow...’ holdings of Greek stocks. Reserve assets remained flat month on month at 5 billion, yet... a rise in non-residents’ arrivals by 13.7 percent. Following the strong performance in June, the drop
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Greek current account balance turns negative in October after four month of surpluses
EconomyMacroeconomyof 2.68 billion deriving from a net outflow of 1.65 billion in non-resident’s investment in Greek...’ investment in Greek companies’ stocks, despite the reduction of their holdings in Greek government bonds...-resident’ arrivals by 18.9 percent. BoG is due to release detailed figures on travel surplus
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Greece submits reform proposals but Eurogroup unlikely to be moved
EconomyProgrammeAhead of Monday's meeting of eurozone finance ministers, Greek Finance Minister Yanis Varoufakis... for recovery and growth of the Greek economy”, to begin soon. Reforms 1. The first reform relates... the budget preparation and organic budget law. The Greek authorities commit to implement
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Leaving Greece's annus horribilis behind
Agoraabyss. As the Greek tragedy unfolded, policymakers in Athens could only instigate a narrow escape from... Greek banks has been successfully accomplished with the participation of international investors... in many other European Union countries, Greek voters in 2015 did not reject an open-door policy
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ANEL adds to uncertainty over Macedonia name deal and its political impact
PoliticsGreek Politicsactions will be if or when Greek Parliament is called upon to ratify the Prespes Agreement. Confidence... even though it is not yet clear if the Prespes Agreement will reach Greek Parliament. Although... how the Greek political scene may be affected if the deal is approved. Speaking on a political talk
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Greece braces for recession, hopes to bounce back from summer onwards
EconomyThe extent of the damage that could be inflicted on the Greek economy as a result... for the Greek economy and now see it contracting by 1 to 8 pct this year. Capital Economics sees economic.... The only recent comparison is 2011, when the Greek economy shrank by 9.2 pct. Nordea Asset Management
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Athens hoping EU diplomatic drive will defuse latest Aegean crisis
PoliticsForeign Policy, Turkish and Greek navy ships have a strong presence in the area and tension remains high. The Greek side is hoping that European pressure will help bring about not only a de-escalation but possibly... boundaries. It is notable that the statement was also published in Greek. Greek diplomats also noted
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