Tag «greece»

Update on port operations in Greece

PORT ALERT: Update on port operations in Greece Inchcape Shipping Services (ISS) is advising the following details on the current capital controls and potential effects on operations in Greece. The capital controls enforced by the Greek Government on 28th June are continuing: –  All Greek Banks are currently closed until Tuesday 7th July. – ATM …

Statement by IMF Managing Director Christine Lagarde on Greece

Ms. Christine Lagarde, Managing Director of the International Monetary Fund (IMF), made the following statement today: “I have briefed the IMF Executive Board on the inconclusive outcome of recent discussions on Greece in Brussels. I shared my disappointment and underscored our commitment to continue to engage with the Greek authorities. “The coming days will clearly …

LEADING POLICYMAKERS AND ECONOMISTS TO DISCUSS EUROZONE INSTABILITY, AUSTERITY AT LEVY ECONOMICS INSTITUTE CONFERENCE IN ATHENS, GREECE, NOVEMBER 21–22

ATHENS, GREECE— The Levy Economics Institute of Bard College will gather high-level policymakers, distinguished economists, and leading banking and investment professionals at the conference “Europe at the Crossroads: A Union of Austerity or Growth Convergence?” in Athens, Greece, to explore the ongoing economic crisis in Greece and other eurozone countries. Coorganized by the Levy Institute …

International tourism an engine for the economic recovery

In the first nine months of 2013, international tourism grew by 5% according to the latest UNWTO World Tourism Barometer. The number of international tourist arrivals reported by destinations around the world increased by some 41 million between January and September, growing above UNWTO’s initial forecast and creating an important stimulus to the receiving economies. …

Vienna 2 Initiative Draws Attention to Weak Credit Growth and Special Challenges for South Eastern Europe

The Vienna 2 Initiative Full Forum met in Brussels on October 21-22, 2013. It assessed recent trends in deleveraging, credit provision, and non-performing loans (NPLs) in the banking sectors of Central, Eastern and South Eastern Europe (CESEE). It discussed the impact of the recently proposed Single Resolution Mechanism for a European banking union on CESEE. …

Hope of an end to the crisis: Findings of the GfK Consumer Climate Europe study for the third quarter of 2013

Nuremberg, 21 October 2013 – Hope is spreading throughout Europe that the worst of the crisis has been overcome and that the economy is gradually beginning to recover. A number of countries registered considerable growth in some areas in the second quarter, while the downward trend at least slowed down significantly in others. These are …