The Greek Minister of Finance aims to reach an agreement with the Greek creditors this week. Negotiations for a third rescue package are ongoing. Today the Greek Minister of Finance and of Economic Affairs speak with the Greek creditors. August 20 is the deadline for Greece to pay EUR 3.2 billion to the European Central Bank (ECB). Followed by a payment of EUR 1.5 billion to the International Monetary Fund (IMF) in September.
Since the reopening of the Greek banks in July 20, bank deposits have increased by EUR 1 billion. The Greek people withdrew large amounts of money from their bank accounts before the closing of the banks past June. An ECB-led review of the quality of banks’ books and a stress test will be completed by mid-October.
The Dutch export to countries outside the European Union (EU), has increased almost 100% in the past 10 years. The total export of the first 5 months of 2015 was EUR 33.8 billion, EUR 17.9 billion more than it was over the same period 10 years ago. The export to EU counties increased with almost a third, increasing from EUR 48.6 billion to EUR 64.2 billion.
The 6M Euribor remained unchanged at 0.05%. The 10Y Swap increased with 6 bp to 1.02%.
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