Eurozone crisis

During the decade long Greek economic crisis The Netherlands was among the strictest critics and most demanding partners of Athens.

Attica property prices soared 11.1 percent year-on-year in the second quarter of 2019, Bank of Greece data showed on Monday, as buying interest by foreigners has brought about the fastest growth rate since the mid-2000s.

Greece has formally ended the last remaining banking restrictions imposed four years ago during a financial crisis that saw the country nearly crash out of the eurozone.
The decision announced last week took full effect Monday as limits were lifted on international business transactions, overseas cash withdrawals and money sent to students studying abroad, among other cash curbs.

Cyprus has fully repaid a loan it secured from Russia in 2011, its finance minister said on Monday, a debt assumed by the island's former communist-led administration to keep it afloat at the peak of a financing crisis.

Apartment prices in Greece rose 6.3 percent in the first half of the year compared to last, shooting up 7.7 percent in the second quarter compared with the same period in 2018.

Greek private sector bank deposits rose in July for the fifth successive month, central bank data showed on Wednesday.

Businesses and household deposits increased to 138.64 billion euros ($154.50 billion) from 136.94 billion in June, Bank of Greece data showed.

A group representing Greece's biggest employers said Monday the government decision to lift the remaining restrictions on the movement of capital removes a "significant burden on the credibility and prospects" of the economy.

One year to the day Greece exited its third and final bailout program, the European Commission hailed the country's efforts to reform, while calling on the government to address the consequences of the 10-year economic crisis and continue to reform.

Manufacturing production rose 2.6 percent year-on-year in the second quarter of 2019, following a 2.2 percent rise in the first quarter, according to data provident by Greece's independent statistics authority ELSTAT.

German newspaper Handelsblatt believes that the expected repayment by Greece of high-interest loans issued by the International Monetary Fund will be an important political signal since it will reduce the country's debt burden and strengthen Athens' argument for easing the primary budget surplus target of 3.5 percent of gross domestic product agreed with its creditors.