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  1. Tsipras confounds expectations, creates new doubts by reviving coalition

    PoliticsGreek Politics

    difference was a surprise, as was the fact that SYRIZA saw its January support drop by less than 1... for centrist party To Potami, which saw its support drop from 6 percent in January to 4.1 percent

    6%
  2. Tax arrears rise again in August as 645 mln in new debt added for total of 6.92 bln this year

    Economy

    a drop by 20 percent year on year (YoY). Similarly, the average monthly increase in the 8-month period... of 2014 – slipped by 97 million month on month (MoM) to 72.18 billion in August. The monthly drop

    6%
  3. New time deposit rate fell 12 bps in August to record low of 1.19 pct amid capital controls

    EconomyMacroeconomy

    Following a sharp drop by 50 basis points (bps) in July, Greek households’ new time deposit rate fell by another 12 bps to 1.19 percent in August Bank of Greece (BoG) figures showed on Thursday... for amounts above 1 million euros soared by 76 bps to 4.70 percent offsetting the cumulative drop

    6%
  4. CPI falls at accelerating rate of 1.7 pct in Sept

    EconomyMacroeconomy

    drop in August. The breakdown of the CPI fall showed eight of the twelve main groups and services... Ministry expects HICP to drop 0.5 percent in 2015 and rebound by 1.3 percent in 2016. Similar

    6%
  5. Banks' trading updates show slight improvement in core pre-provision income, deceleration in NPL formation
    Photo by MacroPolis

    Economy

    income by 1 percent QoQ to 597 million. After a drop in Q1, expenses headed north in Q2 increasing by 1... banks posted lower deposit, but higher ELA, costs in Q2 coupled with a drop in fee income. Core pre

    6%
  6. Piraeus Q3 trading update shows significant acceleration in NPL formation
    Photo by MacroPolis

    EconomyBanking

    a slighter drop by 0.9 percent to 63.3 billion. In contrast to the deposit decline, Eurosystem funding...) data for the Greek banking system showing a sharp drop of 62 bps cumulatively in July and August

    6%
  7. Retail sales down by 4 pct in August for third straight fall
    Photo by MacroPolis

    EconomyMacroeconomy

    rate by 2.2 percent in August, after a bigger drop of 7.2 percent in July, mainly reflecting... and pension cuts and increase in the personal and property taxes. The biggest cumulative drop in this 6-year

    6%
  8. This is what the ECB’s comprehensive assessment tells us about Greek banks

    Agora

    by almost 7 percent in the 2015-2017 period in the adverse scenario compared to a modest drop by 1 percent... assumptions, the impact of the evolution of the key P&L items resulted in a 0.3 percent cumulative drop

    6%
  9. Trade deficit falls by markedly accelerating pace of 24.2 pct in Sept

    EconomyMacroeconomy

    The drop in Greece’s trade deficit accelerated to 24.2 percent in September from 8.8 percent in August, Hellenic Statistical Authority (ELSTAT) data showed on Friday. The September rate... on the back of a modest drop in imports (-3.4 percent) and a slight rise in the respective exports (+1.9

    6%
  10. CPI drops at decelerating pace of 0.9 pct in Oct

    EconomyMacroeconomy

    The decline in the Greek Consumer Price Index (CPI) markedly decelerated to 0.9 percent in October from the 1.7 percent drop posted in September, Hellenic Statistical Authority (ELSTAT) data... and restaurants (+1.9 percent). The monthly evolution showed a marginal drop in CPI by 0.1 percent

    6%