Agora
For Greek banks, it's business as unusual
Now that the rather bizarrely termed “bank holiday” has come to an end in Greece after three weeks - although domestic and external capital controls - continue, it is appropriate to take stock of the situation and inquire where do we go from here.
Contributor: Jens Bastian
Categories: Economy (169), Greece (260)
Which way now, Mr Tsipras?
After his haphazard cross-country drive across Europe over the last six months, Alexis Tsipras has arrived at the crossroads. He has already been forced by European lenders to make a huge compromise; now he has to decide whether he will be just as ruthless with dissenters in his own party.
Contributor: Nick Malkoutzis
Categories: Europe (119), Politics (171), Economy (169), Greece (260)
Greek banks in intensive care: What lies ahead?
Among the measures the Greek government has committed to legislate by July 22, according to the Euro Summit statement is the transposition of the Bank Recovery and Resolution Directive (BRRD).
Contributor: Manos Giakoumis
Categories: Economy (169), Greece (260)
Between heaven and hell
What is the distance between heaven and hell? About 700 metres – I measured it on Monday. The morning after the referendum on the Eurogroup’s bailout proposal, I visited my local pharmacy, where my pharmacist was confident that the convincing No vote the night before would lead to good things for Greece. “Everything will be fine,” he said. I walked home and bumped into my neighbour. His view of the referendum was completely different. “We’re doomed now,” he told me.
Contributor: Nick Malkoutzis
Categories: Europe (119), Society (34), Greece (260)
What next for Greece's revenues and spending?
With 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, the state’s cash proceeds and expenses are in the spotlight again.
Contributor: Manos Giakoumis
Categories: Economy (169), Greece (260)