Economy
Apartment prices see 22nd straight quarter of decline: Down 7.3 pct in Q2
The drop in apartment prices in Greece decelerated for the fourth successive quarter to 7.3 percent in Q2 2014 from 8.5 percent in Q1, according to the Bank of Greece (BoG).
BoG charts how crisis has affected private sector employment
In its latest economic bulletin, the Bank of Greece (BoG) included a study that sets out how private sector employment has been affected during the crisis.
Moody's upgrades Greek rating by two notches to Caa1 - here's why
Moody’s upgraded Greece’s government bond rating by two notches on Friday, raising it to Caa1 from Caa3, where it had been placed on November 29, 2013. The outlook on the rating is stable.
Greek PMI falls again in July, dropping to 48.7 points
Greece’s Manufacturing PMI headed south for the second successive month in July, easing by 0.7 points to 48.7 from 49.4 in June, according to Markit.
BoG shows lower deposit rates and a sharper drop in loan rates in June
Τhe interest rate on households’ new time deposits dropped another 14 basis points (bps) to 2.39 percent in June, according to the Bank of Greece (BoG).
Greek retail sales dive 8.5 pct in May after brief rise in April
The turnover of Greece’s retail trade index resumed a negative trend in May dropping by 8.5 percent year on year (YoY) after increasing by 3.8 percent in April, according to the Hellenic Statistical Agency (ELSTAT).
After recent series of rises, economic sentiment and consumer confidence dip in July
After increasing by almost 8 points in the preceding two months, Greece’s economic sentiment fell by 1.1 points to 102.6 in July, according to the European Commission (EC).
Settling rising private debt? The IMF has some ideas
The settlement of Greece’s unpaid private debt, estimated at 160 billion euros or 88 percent of GDP, has recently emerged as an important issue in the discussions between the Greek government with the troika.
Parliament's budget office sees Greek recovery finely poised
In its latest quarterly report published on Monday, the Parliamentary Budget Office (PBO) argues that the Greek economy could grow by more than expected this year but that a series of concerns, including bank stress tests, unpaid taxes, lack of structural reforms and stagnant exports could yet weigh on the recovery.
Stress mounts ahead of ECB's tests on Greek banks
A report over the weekend suggests that the Greek government has expressed concerns to its eurozone partners and the European Central Bank about the imminent stress tests on local banks.