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Management of NPLs to test gov't in negotiations with lenders
Economyof bank loan quality since the beginning of the year, the ratio over total loans edged up to 42.1... deterioration evident in the first half of the year. In absolute figures, NPEs rose to around 110... of disagreement in the negotiations of Greek government with the quadriga mission chiefs. The Greek side strongly
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Greece and the IMF: An everlasting love-hate relationship
Agorain mind. This is evident from the way in which he triggered snap elections almost a year ago, from... of the quadriga. In October, Finance Minister Euclid Tsakalotos met with the fund’s managing director... 2014 – almost a year to day before Tsipras made his comments regarding the fund in his ERT interview
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Greek stocks down 4.2 pct over week on global and local concerns
Economyprogramme review. The European Commission said on Friday that the quadriga's mission chiefs... at 534.34 on Friday extending the year to date losses to 15.4 percent. Bank shares were mostly hit last week... the beginning of the year. The top gainers this week included Mytilineos (+3.3 percent), METKA (+2.5
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Discontent in SYRIZA simmers as Tsipras seeks to conclude talks with creditors
PoliticsGreek Politicsmeasures earlier this year aimed at easing the social impact of the crisis, such as providing free public... to the final agreement with the quadriga is minimal, Tsipras’s tools for maintaining cohesion within his party... to satisfy the lenders’ demands. Tsipras has also tried to some extent to replay the theme of last year
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Newsletter 210 -07/06/2019
for the new four-year term include: 500,000 new and quality jobs, increase in minimum wage by 7.5... pledges following discussions with Greece’s lenders later this year. The New Democracy leader said... to have to face probing questions about its plans and this year’s fiscal targets from its eurozone
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Big drop in March sees PMI settle at 42.5 pts as Covid-19 measures bite
EconomyMacroeconomythe coming year turned negative in March, as concerns surrounding the longevity of closures weighed... expectations towards the year ahead. Pessimism resulted from concerns as to the longevity of the outbreak... stagnation in output for the first quarter of this year. Production is also expected to decline during
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Industrial production up by 8.6 percent in November
EconomyMacroeconomyGreece’s Industrial Production Index (IPI) rose by 8.6 percent year-on-year (YoY) in November... Commission, industry confidence rose by 2.1 points month-on-month to stand at -10.3 points. Year-on-year... the further deterioration in vendor performance across the Greek manufacturing sector. Lead times
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Manufacturing makes fastest improvement for two years in March as PMI reaches 56.9 pts
EconomyMacroeconomymanufacturing sector have been improving for over a year, with March signalling the fastest improvement... with the overall cost burden increasing at the highest rate since January last year. Greek manufacturers had... confident of a rise in output over the coming year, thanks to the sharp upturn in new orders. However
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PMI moderates again in July to 53.2 pts as firms' confidence reaches 10-month low
EconomyMacroeconomysector have been improving for more than a year, however July’s reading is the weakest in 2024. New... manufacturing sector remained in expansion as the second half of the year began, albeit with the rate... moderate paces compared to earlier in the year,” commented S&P analysts. “Moreover, cost burdens
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Manufacturing grows strongly in Jan, sentiment reaches pre-Covid levels
EconomyMacroeconomymanufacturing sector have been improving for one year, gaining more ground into the expansion territory... to increase production at the most marked pace since March last year. Meanwhile, firms recorded a marked... the coming year. Optimism was the highest since February 2020 - just before the pandemic. Sentiment
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