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  1. Primary cash balance records deficit of 404 mln euros in 4-month period
    Photo by MacroPolis

    EconomyMacroeconomy

    , from a surplus of 205 million euros a year ago. This includes a one-off item of around 2 billion

    4%

  2. No certainties for Athens before Eurogroup as lenders try for debt deal
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    that Athens will not pay off the loans it has received from the European Stability Mechanism until 2120

    4%

  3. Debt deal eludes Greece and lenders, June 15 set as final deadline
    Photo via Fosphotos

    PoliticsGreek Politics

    ’s Poul Thomsen and France’s Bruno Le Maire then broke off for their own discussion, which

    4%

  4. The wit and will of men
    Photo by Panayotis Tzamaros/Fosphotos

    Agora

    was duped – even if the delay on agreeing debt relief measures is put off for a few months rather

    4%

  5. NBG net profits at 5 mln in Q1, NPEs drop for fourth straight quarter
    Photo by MacroPolis

    EconomyBanking

    The National Bank of Greece (NBG) posted net profits of 5 million euros in the first quarter (Q1) of 2017, compared to 73 million in the previous quarter. This largely reflects the elimination of trading and other income, which included a one-off gain of 150 million euros related to the sale

    4%

  6. Athens eyes deal on bailout tranche within June, hopes for QE breakthrough
    Photo by Andrea Bonetti/Fosphotos

    PoliticsGreek Politics

    -off any further. There are serious doubts whether Athens could get through July without fresh funding

    4%

  7. Lenders provide words of support and warning regarding debt talks
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    in these success stories is policy reform.” Strauch finished off his speech by stressing the needs for Athens

    4%

  8. Bank branches fall in 2016, degree of concentration highest in EU
    Photo by Aggeliki Koronaiou/Fosphotos

    EconomyBanking

    which completely transformed the Greek banking sector. Piraeus kicked off the M&A activity by absorbing

    4%

  9. Banks meet overall NPE reduction target in Q1 2017, largely on write-offs
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    Greek banks continued meeting their non-performing exposure (NPE) reduction target in the first quarter (Q1) of 2017 according to the third quarterly report on operational targets for NPEs published by the Bank of Greece (BoG) on Tuesday afternoon. However, they were slightly off-target for non

    4%

  10. OECD sees GDP growth of 1.1 pct in 2017, stresses structural reforms and debt relief
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    of improvements in tax compliance and one-off revenues from tax arrears. Going forward, the OECD

    4%