Private sector deposits rose strongly in June, with a net inflow of 8.76 billion euros, after a solid rise of 5.31 billion euros in May, according to the latest Bank of Greece (BoG) figures released on Monday.
Elevated repo rate specialness for German government bonds in 2016–17, and particularly in 2022-23, has often been linked to the absorption of these securities by the ECB’s asset purchase programmes. We provide the first evidence on how the debt management office mitigates these effects by jointly analyzing daily secondary-market trades and repo operations of the Deutsche Finanzagentur (DFA) alongside Eurosystem transactions in Bunds from 2015–2024.
This study investigates the effect of the large shock to energy prices following the Russian invasion of Ukraine on bank credit to firms. To isolate the causal effect of the shock, it compares bank lending to high-energy-intensive firms to that of similar low-energy-intensive firms. Following the shock, bank credit to high-energy-intensive firms persistently declined, while their interest rates on new loans rose and other loan terms tightened.
The budget primary balance was confirmed at a surplus of 4.49 billion euros for June, compared to a surplus of 4.52 billion euros a year earlier, according to the final Finance Ministry (MoF) budget execution data released on Monday.
As Greece moves towards the Thessaloniki International Fair (TIF) in early September, the government is being forced to deal with a cost‑of‑living crisis intensified by geopolitical instability, a shifting electoral landscape marked by new party dynamics and voter volatility, and the start of a major constitutional revision process that requires broad parliamentary support.
Plus, Wall Street balks at Trump Media charges, Asian private credit’s slump and Whistler at Tate Britain
Study estimates differences mean British banks carry £22.5bn extra capital burden relative to US rivals
Tokenised securities are mirror images of the real thing but pose new risks
Process could test investors’ willingness to back business software groups with market disrupted by AI disruption
Social Security runs on the paycheck. But a growing share of American wealth now comes from profits, assets, and ownership. The program that ended old-age poverty was never built for an economy that pays people this way.
