Eurozone crisis

Lawmakers in Greece are preparing to vote on a series of one-off benefits that the new conservative government is justifying in terms of the country's better than expected budget performance.

Turkey's short-term external debt stock totaled $118 billion as of October, the country's Central Bank said on Dec. 16.

Debt maturing within the next 12 months rose 3.6 percent in October compared to the end of last year, the bank said in a statement.

Greece's fourth post-bailout assessment by the European Commission, set to be published Wednesday, is expected to be fairly positive, paving the way for the disbursement of 767 million euros in eurozone central banks' profits from Greek bond holdings (SMPs and ANFAs).

Dear Mr. Stiglitz,

It was an unpleasant surprise to hear that you participated along with other US academics in preparing a plan for Greece to exit the euro in 2015. The feeling was even harder, since you still believe that it was "carefully set" and seem rather disappointed for not finally implemented.

Η Eurobank πούλησε 180 επαγγελματικά ακίνητα

Total credit in Greece's banking system contracted 0.9 percent year-on-year in September after a 0.7 percent decline in the previous month, Bank of Greece data showed on Tuesday.
Credit extended to the government fell 3.1 percent after decreasing by 4.4 percent in August, the central bank said.

European Council's report, "Autumn 2019 Economic Forecast," on Nov. 7 raised its growth expectation for Turkey's GDP this year from minus 2.3 percent to 0.3 percent.

Greece's economy is expected to grow 1.8 percent this year and 2.3 percent in 2020, according to the European Commission's autumn forecasts released on Thursday.

Economic growth is expected to slow to 2 percent in 2021, the same data showed.

Greece's gross domestic product would have been cut in half if the financial crisis had been followed by a Greek exit from the eurozone in 2015, according to the head of the European Stability Mechanism, Klaus Regling.

Greece auctioned 13-week treasury bills carrying a negative interest rate on Wednesday for a second month in a row, confirming its improved stature in the markets some 14 months after its emergence from the bailout programs.

Greek private sector bank deposits decreased slightly in September after rising for six successive months, central bank data showed on Tuesday.

Businesses and household deposits dropped to 139.16 billion euros ($154.16 billion) from 139.71 billion in August, Bank of Greece data showed.