Stock market crashes
Investors staying away from Greek paper
The deterioration of the investment climate in emerging markets, along with the still fragile picture in Greece, despite its exit from the bailout program, and talk of government handouts ahead of the Thessaloniki International Fair are driving investors away from Greek securities, with bond yields climbing to three-month highs on Wednesday.
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Three-month T-bills sold at unchanged rate
Greece raised 812.5 million euros in a 13-week treasury bill auction on Wednesday, the Public Debt Management Agency (PDMA) announced.
The three-month treasury bills were sold at a yield of 0.65 percent, unchanged from the previous similar auction carried out in August, according to an e-mailed PDMA press statement.
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Greece and the 10th anniversary of the global financial crisis
We are at the 10th anniversary of the global financial crisis that laid ruin to the Greek economy. The overriding lesson of the global crisis is the persistently weak governance of the global financial system. I count six basic blunders that cost the world trillions of dollars in lost output and years of anguish.
Moody's thumbs up to Bank of Cyprus bad loans sale
The recent sale of non-performing loans by the Bank of Cyprus worth 2.8 billion euros is a positive step, according to Moody's credit rating agency.
Moody's Investors Service pointed out in a September 3 report that the sale would reduce significantly the overall NPL burden of the Bank while also increasing its capital reserves.
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Turkish manufacturing activity shrinks for fifth straight month in August
Turkish manufacturing activity contracted for the fifth consecutive month in August as output and new orders slowed down on the back of a currency crisis, a business survey showed on Sept. 3.
SEV calls for fiscal discipline in post-bailout period
Greece's post-bailout recovery will require "a greater sense of responsibility" from the country's political leadership than that exhibited during the adjustment period of the last eight years, as Greece will lose the financial safety net provided by its creditors, the Hellenic Federation of Enterprises (SEV) said on Thursday.
Greek bank deposits rise in July for sixth month in a row
Greek bank deposits rose in July for a sixth consecutive month, increasing by 800 million euros central bank data showed on Tuesday.
Businesses and household deposits rose to 130.24 billion euros from 129.44 billion in June, the Bank of Greece said.
Additional revenues of 4.7 billion euros needed to reach targets
The Greek government will have to collect additional tax revenues of 4.7 billion euros in the first post-bailout period of enhanced supervision (2018-2022) by its creditors, in order to achieve the agreed primary surpluses and record surpluses.
Nasty, brutish and long: A timeline of Greece's debt crisis
During its eight years of bailout programs, Greece suffered an economic hit comparable to the Great Depression in the US in the 1930s. People became poorer, hundreds of thousands of businesses went bust, skilled workers emigrated, and extremist politicians made gains.
Alpha Bank report: Athens must stick to fiscal pledges
The Turkish lira crisis and questions over the fiscal prudence of the new Italian government have significantly increased the uncertainty in international equity and bond markets, Alpha Bank said in its weekly report published on Friday.