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Greece Has €5.26 Billion Euros of Gold Reserves, Half of Which is Abroad
Greece reported having some 149.1 tonnes of gold reserves at the end of 2016 amounting in the value of 5.26 billion euros, according to...
BoG: Tourists in Greece Spent Less in 2016; Hits 15-Year Low
This week the Bank of Greece (BoG) released data showing that although tourism numbers are up in Greece, the amount of money tourists are spending...
Greek Banks’ ELA Funding Drops by €1.3 Billion in November
Data released by the Bank of Greece (BoG) on Tuesday shows that in November of 2016 the country's emergency bank funding (ELA) dropped some...
Greeks Still Opting to Hide 'Mattress Money' Instead of Depositing in Banks
It appears that the Greek government lifting controls this summer on new money entering bank accounts has done very little to actually impact the...
BoG Reports Sharp Decline in Average Spending of Tourists Visiting Greece for 2016
According to reports released by the Bank of Greece (BoG) the amount of spending by tourists decreased substantially in 2016 from the previous year.
The data...
BoG Reports: Greece Sees Considerable Loss in Tourism Revenue for 2016
According to data released by the Bank of Greece (BoG) on Monday, the country has seen a considerable loss in revenues from the tourism...
Eurostat: Greece Housing Market Prices Decline April-June Quarter
On Wednesday Eurostat presented data gathered by the Bank of Greece (BoG) showing that the Greek housing market has experienced a decline in prices...
Bank Officials Say Depositors Still Wary Due to Capital Controls
Greeks are still not convinced that they can trust banks with their earnings, according to a recent report from the Bank of Greece (BoG).
Not...
ECB Lowers Cap on Emergency Funding for Greek Banks by 2.5 Billion Euros
The European Central Bank (ECB) lowered the cap on emergency liquidity assistance (ELA) Greek banks draw from the domestic central bank by 2.5 billion...
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...