Business | Daily | Tourist
INFORMATION SERVICES

ATHENS — The ratings agency Fitch says political uncertainty ahead of the Jan. 25 national election in Greece could further test the country’s banks but described the strain as “manageable.”

The agency said it expected a 2 percent drop in Greek deposits due to the Jan. 25 election, compared to a drop of more than 9 percent when two consecutive elections were held in 2012 and the country faced an exit from the Eurozone.

Weekend opinion polls showed conservative Prime Minister Antonis Samaras’ New Democracy party trailing the anti-bailout SYRIZA party in voter support and that a coalition government is likely to emerge from theSunday’s vote.

Greece’s four major banks are seeking emergency liquidity assistance just in case, which requires approval by the European Central Bank.

The post Fitch’s Says Greek Banks Can Cope appeared first on The National Herald.

Source: The National Herald
Share it now!
More
Who We Are

GQS acts as an “information representative” providing a variety of accurate and authoritative analytics and responses About Greece. Our field of expertise ranges from simple Daily Life questions related to Tourism or the History of Greece, up to large Business related projects such as Economic Research, Human Resources Selection or Real Estate Services.

Find out more

Contact Us

Are you interested in obtaining any kind of information about Greece?

Let us help you!

If your requirements go beyond simple services and you want specialized information, you will receive a detailed email for any charges.

  • Weather

    Locations:
    Athens
    August 24, 2017, 1:46 pm
    Partly sunny
    Partly sunny
    30°C
    real feel: 31°C
    current pressure: 1020 mb
    humidity: 34%
    wind speed: 6 m/s N
    wind gusts: 6 m/s
    UV-Index: 7
    sunrise: 6:48 am
    sunset: 8:06 pm
     
  • Currency