Economy
Final structure of bank recap taking shape, cautious optimism for outcome
Despite indications that the government would reveal its decisions on the bank recapitalisation framework by October 21, discussions within the cabinet and with the mission chiefs continued throughout last week.
First visit by quadriga to Athens leaves series of issues unresolved
The first visit of the quadriga mission chiefs to Athens after the signing of the third bailout programme in mid-August lasted three days from October 21 to 23 and came to an inconclusive end.
Greek shares up for the third straight week on strong performance from banks
The Greek stock market headed north for the third successive week posting gains of 3.9 percent mainly driven by banks (+18.6 percent), which continued recording strong gains for the third week in a row.
Disposable income slips 1.6 pct in Q2 on higher income and wealth taxes
After rising in the preceding three quarters, Greek household disposable income fell by 1.6 percent in the second quarter (Q2) of 2015, Hellenic Statistical Authority (ELSTAT) data showed on Friday.
Growing hopes that Greek recession will be milder than expected
The Greek government as well as local banks and economic think-tanks are hopeful that this year’s recession will be milder than the country’s lenders expectations in mid-August.
Travel receipts rebound by 7.3 pct in August, partly reflecting higher spending per trip
Greece's travel receipts rose by 7.3 percent in August, more than double the previous month’s rate of 3.5 percent, Bank of Greece (BoG) figures indicated on Thursday.
NBG Q2 trading update shows higher pre-provision income, marked improvement in NPL formation
Following Eurobank and Piraeus, National Bank of Greece (NBG) published on Wednesday its trading update for the second quarter (Q2), providing the evolution of the key P&L and balance sheet items, excluding those related to loan provisions, after tax earnings and capital.
Updated ELSTAT figures point to minor differences on fiscal data, slight rise in debt ratio
In its second notification on fiscal data, the Hellenic Statistical Authority broadly confirmed the fiscal and debt figures for the 2011 – 2014 period with those disclosed last April.
Current account balance shows a surplus for third straight month, at 2.09 bln in August
Greece's current account (C/A) balance displayed a surplus of 2.09 billion in August 2015, up by 12.5 percent from last year’s figure, Bank of Greece (BoG) data showed on Wednesday. This year’s figure indicates a C/A surplus for the third straight month.
Credit standards for corporate loans tightened again in Q3
Credit standards for corporate loans tightened quarter on quarter (QoQ) for the second successive quarter, Bank of Greece (BoG) bank lending survey (BLS) data showed for the third quarter (Q3) of 2015.