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Greek current account deficit widens by 27.4 pct in Feb
EconomyMacroeconomyprimarily due to a decrease in non-residents’ investment in Greek government bonds and T-Bills as well as in Greek stocks. Reserve assets slipped month on month to 5.72 billion at the end of February from... soaring non-residents’ arrivals (up 56 percent). The aggregate figures for the 2-month period showed the C
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Newsletter 97 - 25/11/2016
the outlook for Greek banks from negative to stable, largely reflecting improving profitability... of meetings between Greek ministers and institutions’ mission chiefs concluded on Tuesday without reaching... into. Throughout the Greek crisis, the instability caused by the momentous economic adjustment
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Which way now, Mr Tsipras?
Agoraand was convinced immediately upon reading it that this was not a genuine option for a Greek prime minister... earlier) that Schaeuble was gunning for a Greek exit, one wonders what measures the Greek prime
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Marked drop of 50 bps in new time deposit rate in July amid capital controls
EconomyMacroeconomyAfter remaining broadly stable at around 1.8 percent since last December, Greek households’ new..., the Greek time deposit rate remains more than 60 bps above the eurozone average of 0.68 percent... above 1 million euros. The July rate indicates the lowest reading since June 2010. Greek corporate
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New time deposit rate fell 12 bps in August to record low of 1.19 pct amid capital controls
EconomyMacroeconomyFollowing a sharp drop by 50 basis points (bps) in July, Greek households’ new time deposit rate.... Although Greek time deposit rates fell markedly in the past couple of months, they still remain 50... rates led to a further rise in the average spread of Greek banks by 18 bps to 4.12 percent in August
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New poll hurts coalition's recovery hopes as Turkey threat grows
PoliticsGreek Politicsquestioning of the Lausanne Treaty that established Greek sovereignty over several Aegean islands... and Turkey may have on the refugee deal. Greek government sources said that Tsipras did not bring.... The overcrowding on Greek islands continues to be a major headache for the government, especially since
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Report on PPC’s viability ruffles feathers and shakes share price
EconomyFeaturesfigure of 170.2 million. The firm, which is 51 percent owned by the Greek state, has performed... be applied to the Greek market. McKinsey compared the net debt versus operational earnings of several... the alleged content of McKinsey’s report on PPC first appeared in the Greek press on Sunday, PPC’s share
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Piraeus Bank sells first real-estate backed NPE portfolio worth 1.95 bln
EconomyBankingto Piraeus and Zepos and Yannopoulos as Greek legal counsel to Piraeus for the transaction. Around 20... estate prices and the Greek economy overall”, he said. “We are delighted to continue to strengthen our position in Greek non-performing credit, a market with circa 100 billion euros of NPEs”, said Alon
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Council of Europe report warns over austerity-inflamed inequality in education
Societythe wider Greek population. Furthermore, access to education at both the start and end of formal education... education system. As the Commissioner’s report notes, state university places are free for Greek high... to accessing education from early childhood through to further education. Greek authorities were
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New Democracy counters SYRIZA's offensive, unveils renewal effort
PoliticsGreek Politicsin Venezuela. After making a statement in Greek on the subject following his meeting on Tuesday... political system,” began the statement, which expressed Greek support for the initiatives... a private discussion between the Greek prime minister, French President Emmanuel Macron and others
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