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Central Bank of Greece Slashes Growth Projection to 3.8% This Year
The central bank of Greece cut its projection for growth in 2022 to 3.8% from a previous projection of 4.8% it announced on Thursday.
The...
Bloomberg: 'Central Bank of Greece To Cut Bad Debts of Banks in Half'
The Central Bank of Greece is working on a plan to cut in half all the bad debts that burden Greek banks, according to...
Greece Leads Europe in Housing Costs, Central Bank Says
Greece leads Europe in housing costs, November’s Financial Stability Report by the Bank of Greece (BoG) maintains.
According to the report, 27 percent of the...
Shadow Economy in Greece at 20.9 Percent of GDP, Central Banker Says
The size of the shadow economy in Greece reaches 20.9 percent of the country's Gross Domestic Product (GDP), Bank of Greece governor Yannis Stournaras...
Central Bank Proposes Post-Bailout Support Programme for Greece
Bank of Greece governor Yannis Stournaras, is worried about a potential gap in Greece's funding after the country's apparent exit from the existing bailout...
Bloomberg: European Central Bank Unlikely to Include Greece in QE Soon
The European Central Bank is unlikely to include Greek bonds in its quantitative easing (QE) program for the foreseeable future, a Bloomberg report says.
The...
Greece Central Bank Chief Pushes for Bailout Overhaul
According to the Financial Times, Yannis Stournaras, the bank governor of Greece's central bank has called for “a new deal” to help the country cope...
European Central Bank Lowers ELA for Greece Ahead of Eurogroup
The European Central Bank (ECB) has lowered the borrowing ceiling to Greek banks by 300 million euros on Thursday.
The Emergency Liquidity Assistance mechanism (ELA) was...
European Central Bank: "Greece Still in Jeopardy of Defaulting"
The European Central Bank (ECB) noted that even though after July Greece's expectations to default diminished, the stakes are still high due to concerns...
European Central Bank Decreases ELA Ceiling for Greece
The European Central Bank (ECB) has decided to further lower the ceiling for Emergency Liquidity Assistance to Greece, the Bank of Greece (BoG) revealed....