Agora
Where has the money withdrawn from Greek banks gone?
Since December, the Greek banking system has been suffering from extended deposit outflows, which reached 26.8 billion euros at the end of March. Almost 90 percent of these withdrawals stemmed from time deposits, while only around 600 million euros was taken from savings accounts.
Contributor: Manos Giakoumis
Categories: Economy (357), Greece (537)
Greek DSA: Don't Say Anything about the debt
The decision by the International Monetary Fund’s Poul Thomsen to raise the issue of Greece’s debt sustainability at the recent Eurogroup in Riga, as reported in the Financial Times, felt like the moment that the adults returned to the room.
Contributor: Yiannis Mouzakis
Categories: Europe (298), Politics (420), Economy (357), Greece (537)
This is how Greece kept its budget on track in Q1
Recent Greek budget data showed the huge revenue gap of 968 million euros recorded in January narrowed to 389 million by the end of the first quarter (Q1) of 2015. At the same time, primary expenditure, which was just 53 million better than target in January, displayed a strong outperformance of 1.18 billion by the end of March.
Contributor: Manos Giakoumis
Categories: Economy (357), Greece (537)
China-Greece: One belt, one road?
As negotiations between the Greek authorities and the renamed “institutions” labour on, Greek media outlets reported in recent days that the government in Athens was close to receiving substantial liquidity injections from Russian and Chinese sources.
Contributor: Jens Bastian
Categories: Economy (357), Greece (537)
The faces change, the issues remain the same
Such has been the impasse between Greece and its lenders over the last three month (add a few more on if you want to look beyond just this government’s shortcomings) that markets reacted with some joy to the news on Monday that one inexperienced economics professor is replacing another as the central figure in Athens’s negotiations with creditors.
Contributor: Nick Malkoutzis
Categories: Politics (420), Greece (537)