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  1. Retail sales up 3.9 pct in April for first positive YoY reading since 2010

    EconomyMacroeconomy

    to -1.8 percent in 2014 from -6 percent in 2013. This follows a cumulative dive of 28 percent since

    6%

  2. Drop ‘til you shop
    Photo by MacroPolis

    Agora

    , though, the Greek experience appears to be different. Only 6 percent of 227 retail stores in Athens

    6%

  3. EU Task Force sees progress on reforms and structural funds in Greece

    EconomyProgramme

    for clearance and cost reductions of 20 – 50 percent in the past 6 months. In addition, the Greek authorities

    6%

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

    EconomyMacroeconomy

    on outstanding volumes posted a drop of 6 bps to 3.75 percent, after increasing in the preceding five

    6%

  5. Greek GDP drops by less than expected 0.2 pct in Q2, signalling recession exit near

    EconomyMacroeconomy

    contracting by 9.3 percent in 2012 and 6 percent last year. It represents 75 percent of Greece’s GDP

    6%

  6. Samaras, Tsipras under pressure to deliver on plans for economic policy
    Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]

    PoliticsGreek Politics

    The government has built up expectations regarding Prime Minister Antonis Samaras's economic policy speech at the Thessaloniki International Fair (TIF) on Saturday, September 6 but the political tone for the weeks to come may be set by SYRIZA leader Alexis Tsipras's address a week later

    6%

  7. Piraeus Bank reports net profit of 164.3 mln in Q2
    Photo by MacroPolis

    EconomyBanking

    room for improvement in the deposit NII in the coming quarters. Operating expenses rose by 6

    6%

  8. Q2 GDP contraction at 0.3 pct, strong Q3 needed to achieve target of annual growth
    Photo by MacroPolis

    EconomyMacroeconomy

    and services, which eased 4.2 and 6 percent respectively. It is also noteworthy that Q2 trade balance

    6%

  9. GSEE report stresses risks on employment and the pension system, outlines burden on wages

    Society

    with its share to total employment at 20 percent from less than 6 percent before. This is more pronounced

    6%

  10. OECD report paints grim picture for Greece's labour market
    Photo by Harry van Versendaal

    EconomyMacroeconomy

    -1.5 to -2.8 percent. In contrast, real hourly wages in Portugal showed a sharper drop of 3.9 and 6

    6%