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Deposit outflows for second straight month in February, at 548 mln
EconomyMacroeconomyarea residents – displayed outflows of 469 million euros in February, from 1.67 billion in January... sector, the total deposit flow in February incorporates non-euro area residents and gg inflows of 179 and 35 million partly offset by other euro area residents outflows of 145 million. General
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Bailout talks resume with key issues pending and contingency measures emerging
EconomyProgrammereleased on Sunday evening, the Greek government says the main area of agreement is that all sides would... of disagreement A key area of disagreement between Greece and its lenders relates to the tax-free... percent of the households. In Portugal it's 2 percent. In Ireland it's 5 percent. The euro area average
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Greek-Turkish relations back in focus amid overflights and NATO chief's visit
PoliticsForeign Policyairspace three times around the area of Oinousses islet on April 13 and four times on April 14 in the same area. According to senior foreign affairs analysts, Turkey considers these areas to be “grey zones... in the Aegean. Athens is upset that NATO's patrols still avoid the Dodecanese area due to Turkey's
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Deposits grow by 1.3 bln in August, highest inflow in 2016
EconomyMacroeconomyand non-euro area residents – posted lower inflows of 997 million in August. On top of private sector... and small inflows of 174 million from other euro area residents and 74 million from non-euro area
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IMF argues case for further reform of pension system
EconomyProgramme. Meanwhile, although social security contribution rates of 26 percent in Greece stand above the euro area... the highest in the euro area. Despite cuts in pensions in previous years, the average pension... in the euro area, at around 81 percent at the end of 2013, almost 30 percentage points above the eurozone
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Kotzias visit to Washington still leaves some doubts about US stance
PoliticsForeign Policyhis talks with the new US administration, Kotzias tried to emphasise Greece's role in a volatile area... and the US role in the wider area. According to diplomatic sources, during talks with his US counterpart... to highlight to his opposite number Greece's geographical position and role in the area. Kotzias
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IMF sets out why it stands apart from eurozone on long-term growth prospects
EconomyProgrammeworking age population decline is amongst the highest in the euro area and three times the average... participation to levels that exceed euro area average and thus offset the significant decline... the country’s ability to prosper in the euro area.”
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Office prices slip by 0.7 percent in first half of 2017
EconomyMacroeconomyof H2 2014, which stood at 70.9. Broken down by area, nominal prime office spaces fell by 1.1 percent in the greater Athens area and by 0.5 percent in Thessaloniki, when compared to the previous.... In the Athens area, the index decreased by 0.4 percent from the previous semester, falling further
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Mitsotakis bids for nation's soul, Tsipras ramps up handouts
PoliticsGreek Politicswent on to blame the recent deadly flooding in the area of decades of neglect, suggesting... minister pledged to invest in the area over the coming years and to create a new university there. The government also announced over the weekend that workers in the area who have not been able to return
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Moody's upgrades rating to 'B3,' amid confidence about political outlook, economic prospects
EconomyMinistry is in the process of building and the debt relief that Greece’s euro area creditors have... implemented debt relief measures. The rating agency anticipates euro area creditors will meet... creditors that would put the euro area's support and commitment for further debt relief in question
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