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  1. Five things to watch for in today's elections in Greece
    Photo by MacroPolis

    PoliticsGreek Politics

    of more than 3 percentage points and support running in the high 20s would be considered a major... votes than the coalition parties combined and if there is a respectable turnout for the European... will struggle to get more than 7 percent of the vote. This could lead to turmoil within PASOK. A challenge

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  2. Greece's new finance minister lines up for a marathon (and several short sprints)

    PoliticsGreek Politics

    guard because his name was not among more than half a dozen that had been linked with the post over... of 4.19 billion euros (2.3 percent of GDP) in 2014, 0.8 percentage points higher than Economic... is at 1.27 million, which is t177 percent higher than March 2009. Youth unemployment remains

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  3. IMF report sees a number of risks lying ahead for Greece

    EconomyProgramme

    , delayed structural reforms that slow competitiveness gains and higher than expected deflation... (ETEAN). Since fewer guarantees have been called than expected, the Greek government may cancel about... fiscal outlook are broadly balanced. The upside risks mainly involve higher than estimated tax

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  4. BoG sees encouraging signs for Greek economy but warns on reforms

    Economy

    , marginally lower than the official troika projection of 0.6 percent. The encouraging signals... positive in 2014 at 1 percent of GDP lower than its previous estimate of 2 percent. The key contributor..., they could also result to better than expected fiscal outcome and faster achievement of fiscal

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  5. Greek jobless rate remains stuck at 27.3 pct for third month
    Photo by Harry van Versendaal

    Economy

    in April, 3,600 lower than March. The cumulative drop over the past five years stands at 23.5 percent. The number of unemployed amounted to 1.3 million in April, slightly lower than the March figure by 1,300..., but remains exceptionally high at 56.3 percent. Over the past five years, it has more than doubled

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  6. Building activity plunges by 35.6 pct in April, down by 75 pct since 2008
    Photo by Harry van Versendaal

    EconomyMacroeconomy

    in Attica building activity doubled to 38.6 percent in May. This is more than 10 percentage points higher than the country average. The Attica prefecture (Athens, Piraeus and suburbs) is making up 21 percent... in 2008. This means there has been a cumulative drop of 75 percent that is more than three times

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  7. Most Greeks saw income fall over last year, limiting purchasing power
    Photo by MacroPolis

    Society

    in the next quarter. The survey also showed the direct impact of lower income on consumer power. More than.... This is 11 percentage points lower than last year. For 59 percent of those who will enjoy a summer holiday.... In addition, more than half will stay in a house owned by themselves or a relative, 23 percent will choose

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  8. BoG shows lower deposit rates and a sharper drop in loan rates in June

    EconomyMacroeconomy

    . Despite the drop recorded so far in time deposit rates, they remain 60-100 bps higher than those... that for larger amounts the loan rate In Greece is 1 percentage point higher than the euroarea average... bps higher than that at year-end 2013 of 3.31 percent. In outstanding (‘old’) loan and deposit rates

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  9. Finance Ministry scrambles to correct property tax after error-strewn debut

    EconomyMacroeconomy

    of those cases, this resulted in the calculation of a property value up to 10 times higher than... percent of the total 6.15 million) paying more than 500 euros. Taking into account that each household... of more than 1,000 euros for properties it possesses, regardless of whether these properties produce

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  10. Alpha Bank reports H1 profits of 267.4 mln on one-off item
    Photo by MacroPolis

    EconomyBanking

    better than the consensus. The financial performance this year showed net loss was trimmed to 57.4.... The slight improvement mainly reflects higher deposit NII and lower funding cost, which more than offset... ratio at 40 percent (55 percent in Q2), cost of risk less than 1 percent (2.2 percent in Q2), loan

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