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  1. Piraeus Bank posts net profit of 24 mln in Q2, ELA funding fully eliminated
    Photo by MacroPolis

    EconomyBanking

    Piraeus Bank’s second quarter (Q2) results showed that net profits from continued operations came to 24 million, recovering from a loss of 80 million euros in Q1. The results for the first half (H1) of the year showed a loss of 55 million euros versus a profit of 3 million for the same period last

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  2. Greece tops OECD countries for tax rises and spending cuts
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyFeatures

    countries between 2015 and 2016, increasing by almost 3 percentage points (pps) in this time period

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  3. Banks on track with NPE targets in Q2 as sales play bigger role
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    ) and 44.3 percent for residential loans (target: 42.8 percent). The total volume of NPLs was reduced by 3

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  4. Newsletter 173 -07/09/2018

    Newsletters

    was reduced by 3 billion QoQ or 47.7 percent. However, BoG noted that banks missed their NPLS reduction target

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  5. ND defends economic pledges as Kammenos repeats walkout threat
    Photo via @neadimokratia

    PoliticsGreek Politics

    (as the party is currently polling below the 3 percent threshold), some (at least three, according

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  6. PDMA readies bond schedule for 2019, with eye on prepayment of IMF loans
    Photo by Panayiotis Tzamaros/Fosphotos

    Economy

    the outstanding amount to 3 billion euros, to match the quota and reduce the interest charges to 2

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  7. ANEL leader under scrutiny due to party unrest, questions over refugee funds
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    struggling to make the 3 percent threshold for entering Parliament at the next elections. This has

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  8. Athens prepares 2019 draft budget amid pension cuts dilemma
    Finance Ministry

    EconomyProgramme

    until the December 3 Eurogroup. In the meantime, Finance Ministry officials are reportedly still

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  9. Newsletter 176 -28/09/2018

    Newsletters

    prove crucial to the process. The Greek government is likely to have to wait until the December 3

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  10. Eurogroup suggests there is scope for pension cuts to be called off

    EconomyProgramme

    3 Eurogroup, cannot yet be ruled out. Although such resistance could not prevent Athens from

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