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Athens, Greece
Greek Government Reporter — Bloomberg News

Bloomberg reporter covering Greek economy, banks, politics, serious stuff. Views my own and retweets are probably the baby eating the phone.

Greek Bank Deposits Plunged to Lowest in 10 Years in January — (Bloomberg) -- Greek bank deposits plunged the most since the country joined the euro area as renewed political instability led savers to pull their money. Deposits held by households and businesses fell 7.7 percent in January to 148 billion euros ($167 billion), their lowest level since August 2005, according to Bank of Greece data released on Wednesday.

Greek Yields Would Drop to 1% After Debt Deal, Varoufakis Says — (Bloomberg) -- Greece's borrowing costs would plunge to those of other euro area nations if it can agree with international creditors over growth and its debt sustainability, Finance Minister Yanis Varoufakis said. Greece's benchmark 10-year bonds yielded 8.86 percent, down from as high as 11.4 percent on Feb.

Greece Gets Warnings From Creditors Now Comes Hard Part — (Bloomberg) -- One phrase echoed from Brussels to Frankfurt and Washington as Greece's creditors examined and then waved through the country's new economic policies: "starting point." While the month-old government in Athens was praised for coming up with a workable package of measures including maintaining state-asset sales and collecting more tax, the European Commission, European Central Bank and International Monetary Fund all warned that action speaks louder than words.

Bloomberg Briefs — Rifkind's announcement opens the way for another Conservative to run with reasonable assurance of victory in Kensington, the central London seat he represents, in the 7 May general election. Rifkind took 50 percent of the vote, twice as much as the Labour Party candidate, in the last election in 2010, and the constituency has been in Tory hands since it was first created in 1974.

Greece Wins Reprieve as Euro Region Backs Aid Extension — (Bloomberg) -- Greek Prime Minister Alexis Tsipras won four more months to sell his policy program to creditors while keeping domestic voters on board, as euro-area finance chiefs deferred a showdown over Greece's future in the currency bloc.

Greeks Backing Tsipras With Votes But Not Cash — (Bloomberg) -- Greek voters gave Alexis Tsipras's Syriza party a mandate to force a new deal from the rest of the euro area. Without the backing of savers, he'll struggle to deliver.

How a Liquidity Squeeze Could Push Greece Out of the Euro — (Bloomberg) -- The standoff between Greece and its creditors on how to proceed on its bailout program risks triggering a simultaneous cash and credit crunch, which could drive the country out of the euro area. Here's how a worst-case scenario could unfold: The Greek government, companies and lenders have all effectively lost access to international markets, due to the uncertainty over the country's future.

Greece’s Economy Shrank in Fourth Quarter Amid Political Shakeup — (Bloomberg) -- Greece's economy unexpectedly contracted for the first time in a year as a political standoff rekindled concern that the country will leave the euro area. Gross domestic product contracted 0.2 percent in the three months through December after growing in the previous three quarters, the Athens-based Hellenic Statistical Authority said in an e-mailed statement on Friday.

Greek Economic Tragedy Sets Scene for Varoufakis on Debt — (Bloomberg) -- The root of Greek Finance Minister Yanis Varoufakis's desperation for debt relief will be laid bare in the coming days. The backdrop for the new government is an economy lumbered with near-record unemployment and a deflationary spiral after the country plunged into its worst slump since World War II.

Will It Stay or Will It Go? Bookmakers Say Greece to Keep Euro — (Bloomberg) -- As Greece meets with its official creditors to stave off a funding crunch, bookmakers say the country won't leave the euro -- at least in 2015. Ladbrokes, a London-based gaming company, gives Greece odds of 8/11 of staying in the currency regime this year.
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Mar 04, 2015

RT @nchrysoloras: Greece sells EU1.14b of 26-week t-bills. Yield at 2.97% from 2.75% on Feb. 4. Coverage ratio at 1.3, as usual

Mar 04, 2015

RT @HansNichols: Klingon central bankers tend to be hawkish MT "@RealPaulLewis: Canada urges ST fans to stop ‘Spocking’ $5 notes."

Mar 02, 2015

Eurocrisis meataphysics 101: When an MoU falls in the rainforest and there's no one to hear it, does it make a sound?

Feb 28, 2015

RT @TheStalwart: Most unrealistic aspect of House Of Cards: reporters taking notes at a speech rather than tweeting each line.

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