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  1. Credit contraction edges up to 2.1 pct in Jan on deductions of 512 million

    EconomyMacroeconomy

    Greek bank credit contraction slightly accelerated to 2.1 percent in January from 2 percent in December, Bank of Greece (BoG) figures displayed on Thursday. The net lending flow turned negative again..., with deductions of 50 million from short-lived additions of 23 million in December

    3%

  2. BoG outlines steps to economic recovery, updates on banks' asset quality
    Bank of Greece

    EconomyMacroeconomy

    in September (from 51.3 percent in December), corporate to 43.3 percent (from 39.8 percent) and housing to 39.8... increased to 48.8 percent in September from 44 percent in December. In addition, loan write-offs

    3%

  3. Eurobank reports loss in Q4 and for 2015, management expects bank to turn profitable in 2016
    Photo by MacroPolis

    EconomyBanking

    funding fell by more than 6 billion QoQ to 25.3 billion at the end of December and further to 24.3... to 20 billion in December and to 19.5 billion in February. The bulk of ELA eligible collaterals

    3%

  4. Eurosystem funding slips by further 1.9 bln to 104.2 bln in Feb
    Photo by MacroPolis

    EconomyMacroeconomy

    , albeit at a slower pace, by 257 million euros to 47.32 billion in February. Since December 2014... and corresponded to 47.4 percent of the deposit outflows in the December 2014 – June 2015 period

    3%

  5. Newsletter 66 - 11/03/2016

    Newsletters

    unemployment rate fell for the third straight month in December, when it edged down to 24 percent from... recorded an increase by 20,300 to 1.18 million. December’s unemployment figure is the lowest since April... of sending back asylum seekers en masse to Turkey, a country that neither properly recognises them

    3%

  6. Unemployment rate resumes upward trend to 24.4 pct in Jan
    Photo by MacroPolis

    EconomyMacroeconomy

    Greece’s seasonally adjusted (SA) unemployment rate edged up to 24.4 percent in January from 24.3 percent in December, Hellenic Statistical Authority (ELSTAT) labour force survey showed on Thursday... in December. Over the last twelve months, SA employment has gained almost 60,000 jobs, while the jobless

    3%

  7. Newsletter 69 - 08/04/2016

    Newsletters

    seasonally adjusted unemployment rate edged up to 24.4 percent in January from 24.3 percent in December... continued to agitate against the Washington-based organisation. Last December, he described the fund’s

    3%

  8. Newsletter 70 - 15/04/2016

    Newsletters

    , following a 5.1 percent rise in December. Building surface and volume dropped by 14.8 and 5.2 percent... the inconclusive outcome of elections in December 2015, the different parties represented in the Cortes have

    3%

  9. General gov't primary cash surplus widens to 3.2 bln in March, arrears jump to 6.7 bln

    EconomyMacroeconomy

    at the end of March. It is worth noting that MoF upward revised tax refund arrears as of December... in December (from 739 previously), of 1.16 billion in January (from 706 million) and of 1.08 billion

    3%

  10. Greek tourism: Hopeful yet uncertain for 2016
    Photo by MacroPolis

    EconomyFeatures

    to data from the Bank of Greece in December 2015. A report in April by the World Travel and Tourism... of Greece report from December mentions that 2014 was another good year for tourism, with revenue from

    3%