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Tsipras calls snap elections after heavy defeat that puts ND on course for clear majority
PoliticsGreek Politicscounted, New Democracy had 33.2 percent (7 MEPs) of the vote and SYRIZA 23.9 percent (6 MEPs
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Piraeus Bank posts net profit of 14 mln in Q1 from continued operations
EconomyBanking. When excluding one-off items, namely the bank’s voluntary retirement scheme, PPI fell by 6 percent
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ND to highlight range of policy proposals after emphasis on tax cuts
PoliticsGreek Politicsthat his aim is for the VAT rates to be 11 and 22 percent, while the reduced rate of 6 percent would
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Credit contraction remains at 0.1 pct in May, balance at 161.16 bln
EconomyMacroeconomynegative for a fifth month with net deductions of -6 million euros compared to -36 million in April
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CPI falls by 0.3 pct in June after 13 months of rises
EconomyMacroeconomypercent), passenger transport by air (+11.7 percent) and hotels, motels and inns (+6 percent
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Industrial production falls by 1.2 pct in May
EconomyMacroeconomyincrease of 6 percent. This was followed by consumer non-durables (+5.3 percent), intermediate goods
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Merkel reluctant to discuss targets as Athens prepares bill with wide-ranging tax cuts
PoliticsGreek Politicsthat the tax bill, which is set to phase in 6 billion euros worth of tax cuts over three years, will be tabled
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National Bank first to test market waters in post-election afterglow
EconomyIf the bull case for Greece includes a pro-business government rousing dormant animal spirits in markets, that part of the case is still sleeping off a post-election campaign hangover. The 6 percent drop in the Athens Stock Exchange index in the first two days after Sunday’s victory for New
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Fiscal targets and tax cuts on agenda as Staikouras meets Regling
PoliticsGreek Politicsaims to announce 2 billion euros of spending cuts and savings to counterbalance the 6 billion euros
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Talks to begin on plan to rescue PPC from dire financial straits
Economyviable at a debt to earnings ratio of between 4 to 6, meaning that profits must increase by 450 to 550
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