Mittwoch, 5. Juni 2013

Greecovery: Greek economic sentiment rising sharply, but...


Sources: EU Commission, Thomson Datastream, Data to May

From: JPM

Edit:

However, despite the recovery in sentiment, we [Moody's] expect banks’ asset quality to continue deteriorating over the coming quarters, as signalled by declines in industry orders, tourist receipts and retail trade turnover. These credit negative contractions all point to continued deterioration in banks’ already stressed loan books, which will generate additional loan-loss provisioning requirements and further strain profitability.



From: Moody'S

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