Europe Economics Update Refugee crisis is another threat to Greek bailout Greece and its creditors have reached some compromises that might allow the first bailout review to be concluded next month and negotiations over debt relief to begin. But the growing financial and... 22nd March 2016 · 1 min read
Europe Economics Update Not much relief in sight for Greece The resumption of the first formal review of Greece’s third bailout has raised hopes that the country’s creditors may soon grant it some form of debt relief. But it won’t be big enough to make Greece... 9th March 2016 · 1 min read
Europe Economics Update Will Greece pass its first bailout review? There would appear to be a good chance that Greece will pass the first formal review of its third bailout programme. But nothing is certain and even a successful outcome won’t necessarily mark the... 19th January 2016 · 1 min read
Europe Economics Update Greek outlook improves but crisis still not over Greece has cleared another hurdle with the disbursement of its latest bailout tranche and funds to recapitalise its banks. But until its debt burden is properly addressed, its crisis is not over. 24th November 2015 · 1 min read
Europe Economics Update Is the Greek economy out of danger? The recent run of surprisingly strong data from Greece does not mean that the economy is out of danger. Not only has some survey evidence painted a much gloomier picture, but the full adverse economic... 11th November 2015 · 1 min read
Europe Economics Update Stress tests offer little hope of Greek lending revival ECB stress tests have offered some comfort about Greek banks’ solvency, but they are not out of the woods. And with a lack of access to cheap funding and depressed deposits seriously restricting banks... 2nd November 2015 · 1 min read
Europe Economics Update Key reform vote not Greece's last major challenge The Greek parliament looks set to pass the next set of reforms needed to unlock further bailout funds and potentially open the door to a debt restructuring. But with yet more reforms needed, the... 15th October 2015 · 1 min read
Europe Economics Focus Is the Greek crisis finally over? This Focus takes a detailed look at the outlook for Greece after the implementation of its third bailout and concludes that the country’s six-year crisis is far from over. Indeed, a Grexit is still... 7th October 2015 · 1 min read
Europe Economics Update Election result does not address Greece’s biggest challenge While the result of Greece’s election strengthens the Syriza-led government’s mandate to implement the country’s third bailout, the major challenge for both Greece and its creditors – to find a... 21st September 2015 · 1 min read
Europe Economics Update Would a Syriza defeat kill the anti-austerity movement? Suggestions that a defeat for the Syriza party in this weekend’s Greek election would kill off the eurozone’s anti-austerity movement are over the top. But there is little prospect of Germany and the... 17th September 2015 · 1 min read
Europe Economics Update Election won’t end the Greek crisis Whichever party wins this Sunday’s Greek election is likely to stick broadly to the conditions of the new bailout in the near term. But even an austerity-minded government will struggle to meet future... 15th September 2015 · 1 min read
Europe Economics Update Could Greece take advantage of a devaluation? Anxiety about Grexit may have subsided but the underlying issues have not changed. Greece still needs a weaker currency. The well-worn argument that Greece would not be able to take advantage of a... 8th September 2015 · 1 min read
Europe Economics Weekly Greek election adds to bailout implementation risks Prime Minister Tsipras’ decision to call an election threw the Greek situation back into disarray only hours after he secured Greece’s first bailout payment last week. Tsipras should win, perhaps with... 21st August 2015 · 1 min read
Europe Economics Update Greek bailout approved, but implementation doubtful The German Parliament’s approval of the third Greek bailout should prompt payments allowing Greece to narrowly avoid default yet again. But Grexit risks have not disappeared and are likely to flare up... 19th August 2015 · 1 min read
Europe Economics Weekly Greek bailout almost there, but it may not last long The remaining hurdles to the implementation of the third Greek bailout look likely to be cleared in the next few days. But the deal could unravel quite quickly if Greece fails to meet the extremely... 14th August 2015 · 1 min read
Europe Data Response Greek GDP (Q2, Prov.) Q2’s Greek GDP figures brought some rare good news. But they relate to an entirely different economy than the one currently being strangled by capital controls. 13th August 2015 · 1 min read