This is attributable to a reversal of the downward trend of deposits (which have increased by EUR 15 billion since the elections of last June), while it also partly reflects the first successful attempts of Greek banks to regain access to international money markets. Abroad, the climate as far as Greece is concerned is also turning around.
Negative references to Greece are less frequent, while EU officials express unequivocally their desire to support Greece. The changed climate is reflected in a sharp narrowing of the yield spread between Greek and German ten-year government bonds.