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  1. OECD slashes 2015 growth forecast to just 0.1 pct, raises unemployment and debt figures
    Photo via OECD on Flickr https://flic.kr/p/9Lr6kk

    EconomyMacroeconomy

    , which is significantly lower than the previous estimate of 6.8 percent. However, a strong rebound of 5 percent is anticipated for 2016 albeit lower than the 7.7 percent previously forecasted. The OECD... Greek exports could be higher than anticipated as the impact of the competitiveness gains may

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  2. SYRIZA prepares to debate deal as Tsipras's options narrow

    PoliticsGreek Politics

    to its lenders on Monday, rather than to receive an ultimatum as most media have reported. The details.... Despite reports that creditors are making demands that are tougher than many expected, SYRIZA... IMF payments together at the end of month rather than paying them when they are each due. The ECB

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  3. Minor movements in Greek deposit and loan rates in April

    EconomyMacroeconomy

    . Back in 2012, there were more than 15 banks in the Greek market with the smaller ones markedly... higher than 1 million euros remained almost stable at 4.98 percent. Greek corporate lending rates stand 300-400 bps higher than the respective eurozone average figures. In the household segment, the most

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  4. Sharp drop in gg primary surplus by end-April, arrears keep rising
    Photo by MacroPolis

    EconomyMacroeconomy

    The general government (gg) primary cash surplus narrowed by more than 59 percent to 651 million...). This reflects a 13.8 percent drop in revenues to 10.43 billion, more than offsetting a 4.2 percent... million more than offset by a decline in EFSF/ESM/IMF loan balance by 560 million, fully attributed

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  5. Tsipras and lenders leave themselves with fading chances of salvaging deal
    Photo by MacroPolis

    PoliticsGreek Politics

    Talks between Greece and its lenders resume this week from a much worse starting position than... feels a deal is “closer than ever.” The prime minister’s speech did not appear to be that of a man who... more painful the measures proposed by Tsipras (not lenders) are than the ones the previous New

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  6. Improving car sales in Greece continue with 27.9 pct rise in May
    Photo by MacroPolis

    EconomyMacroeconomy

    over the past 4.5 years (since January 2011). The bulk (more than 85 percent) of road motor cars stem.... The Attica prefecture registered more than 53 percent of the country’s road motor cars, which stands... by 70 percent on the 2008 figure of 347,354. This largely reflects a sharp drop by more than 30 percent

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  7. Greek talks go down to the wire as IMF raises major objections

    PoliticsGreek Politics

    , which reportedly believes the heavy reliance on tax rises for a fiscal adjustment of more than 7... to 23 percent. The Fund also wants 400 million euros of spending cuts rather than the 200 million... deadline is reached), then Tsipras will have to submit the draft legislation by no later than Sunday

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  8. Government sceptical about deal with lenders, PM with convincing to do

    PoliticsGreek Politics

    than 500,000 euros in profit, in place of the spending cuts. Tsipras could argue that this means his... are willing to offer and if it will be any clearer than the commitment given to Tsipras’s predecessor... Democracy, it is unlikely that he would choose to do so. As his government has served for less than 12

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  9. Greek stocks rise by 16 pct during week on hopes of deal in Brussels

    Economy

    then the market slightly corrected on Wednesday and rebounded by more than 2 percent on Friday ahead... landed at 797.52, more than offsetting the losses of 11.3 percent recorded in the previous week. All... strongly rebounded by more than 33 percent, reversing the losses of 17.7 percent posted in the previous

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  10. Economic sentiment down 0.7 pts in June, consumer confidence also falls

    EconomyMacroeconomy

    and posted high volatility in the succeeding months until June 2012. Since then, it had risen by more than... the drop by more than 16 points on the last four months, the year to date balance remains positive... showed a drop in June: The industry confidence eased by 1.1 points to -14.1 more than offsetting

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