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  1. Government moves to implement PM's pledges despite grumblings from interest groups
    Image: https://www.primeminister.gr/

    PoliticsGreek Politics

    doctors’ pay and improving the staffing and the national health system. On Wednesday, Health... in the performance of hospitals and in the pay and working conditions of hospital staff. Georgiadis said more

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  2. Mitsotakis sets off barrage of legislation to shake off introspection

    PoliticsGreek Politics

    Marinakis said the government was on track to deliver on its promise to increase average pay to 1,500.... Hospital doctors are set to strike on October 17, demanding better pay, more permanent hires

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  3. New Democracy continues to court right-wing voters with defence package, identity politics
    Photo by MacroPolis

    PoliticsGreek Politics

    After unveiling a major defence procurement programme and committing to pay rises for the military, PM Kyriakos Mitsotakis continues on his mission to win back right-wing voters. Polls show New... with a promise to look at pay rises for emergency service personnel in the autumn, and an attack on Course

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  4. After Q3 results, what next for Greek banks?

    Agora

    on the quarter, fully attributed to lower time deposit rates in Greece coupled with less reliance... be provided by the recent ECB rate cut, which is expected to further lower their funding cost by a total 180... continued heading north mainly due to deleveraging (i.e. lower denominator), while NPL formation (the rate

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  5. A macroeconomic assessment of the Cypriot economy after the haircut
    en_GB Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]

    Agora

    to lower production costs for tradeables and non-tradeables and to a fall in prices of final goods... of lower income levels sinks in, while past savings decumulate, the fall in consumption will be more... be alleviated in the short-run if the propensity to save is now lower thus the propensity to consume

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  6. Primary budget surplus passes 1-bln mark for 2014 but revenue shortfall widening
    Photo by MacroPolis

    Economy

    to April narrowed by 52.8 percent to 1.14 billion euros. Although at lower than the first quarter.... This reflects lower expenditure (977 million) and a higher Public Investment Budget (PIB) balance (390 million), which more than offset lower net revenues (1.05 billion). The monthly performance

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  7. Here's what's in the 2015 draft budget the Greek government has just unveiled

    EconomyMacroeconomy

    , the MoF anticipates the primary surplus will reach 3.6 billion euros (2 percent of GDP), lower than... obligations. In contrast, the 2015 budget includes lower revenues stemming from the cut in the excise... expenditure is seen at 41.81 billion euros, 380 million above MTFS, yet 672 million lower than 2014

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  8. Current account in surplus for 2nd straight month in June but down 20 pct on 2014
    Photo by MacroPolis

    EconomyMacroeconomy

    to lower net receipts from transport and other services. In contrast, the travel surplus slightly... by 9.9 percent, whilst the services surplus slipped by 0.8 percent. Lower goods’ deficit reflects... half primarily reflects lower net payments for purchases of ships and – to a lower extent – lower net

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  9. Budget primary surplus of 2.5 bln in first half of 2016, revenues rebound in June

    EconomyMacroeconomy

    was 2.1 billion lower than target. Revenues (before tax refunds) also posted an overperformance..., which is 3.5 billion lower than target of 4.49 billion. Revenues The breakdown of the key budget items... percent to 3.34 billion in June, still 44 million lower than target. As a result, the aggregate

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  10. Eurobank remains profitable with net profits of 46.2 mln in Q2
    Photo by MacroPolis

    EconomyBanking

    Eurobank remained profitable for the second straight quarter, albeit with lower net profits of 46.2...) improved 1.3 percent QoQ to 387.7 million mainly driven by lower funding cost related to reduced reliance on ELA and pillar II bonds more than offsetting lower loan NII. Net interest margin (NIM) improved

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