Thursday, 25 August 2016

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  • Apartment prices drop by 2.7 pct in Q2, slowest rate since Q1 2010

    Photo by Harry van Versendaal 25/08/2016

    Apartment prices in Greece continued heading south, but at a decelerating pace, for the third successive quarter in Q2 of 2016, when they dropped by 2.7 percent from a revised 4.7 percent decline in Q1, Bank of Greece (BoG) data displayed on Thursday.
  • Rescue plan for Marinopoulos set for approval by banks

    Photo by MacroPolis 25/08/2016

    The Board of Directors (BoD) of two Greek core banks, Alpha and Eurobank, have reportedly approved the restructuring plan of Marinopoulos, Greece’s largest supermarket, which had been submitted by the strategic investor, Sklavenitis, one of the biggest Greek supermarket chains.
  • Lower bad loan provisions and increased write-offs for Greek banks in Q2

    Photo by MacroPolis 24/08/2016

    Ahead of the release of Greek banks’ second quarter (Q2) results, which are due next week, the aggregate balance-sheet figures published by the Bank of Greece (BoG) provide some colour on the evolution of bad loan provisions and write-offs during Q2.
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  • Greece's 2009 deficit makes for a good conspiracy; shame about the numbers

    19/08/2016

    I believed that the issue of Greece’s 2009 deficit was definitely settled last year when Andreas Georgiou, the former head of ELSTAT, was cleared in court of allegations that he purposefully inflated Greece’s 2009 deficit figures in order to lead the country into the first eurozone and International Monetary Fund-led programme in 2010.
  • Greece's latest GDP figures and what to expect for the rest of the year

    Photo by MacroPolis 16/08/2016

    The flash estimates released by the Hellenic Statistical Authority (ELSTAT) on Friday were a positive surprise, with the seasonally-adjusted (SA) GDP growing by 0.3 percent quarter on quarter (QoQ) in the second quarter (Q2) of 2016, while it contracted by 0.7 percent year on year (YoY).
  • Justice can't be blind to facts in 2009 deficit case

    10/08/2016

    Under normal circumstances, justice being blind should be welcomed. But this also means it can miss the obvious, which is when the problems begin.