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Tourist arrivals in June increase 13.7 pct, bringing significant rise in receipts
EconomyMacroeconomyAfter a temporary slowdown in May, Greece's travel receipts rebounded strongly in June, shooting up by 16.3 percent from 0.8 percent in May, according to the Bank of Greece (BoG). In absolute figures... also rose by 12.1 percent to 203 million in May. As a result, the travel surplus surged 16.7 percent
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How Samaras backed himself and Greece into a corner over bailout exit
AgoraThe line coming out of Prime Minister Antonis Samaras’s office at the end of May was that New..., then, that all the key decisions taken by Samaras and his ministers since May have been those... in May. The unravelling began on June 9 with the cabinet reshuffle. Samaras’s decision to pack
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Samaras, Venizelos opt for earlier presidential vote in high-risk strategy to save coalition
PoliticsGreek Politicsin the final ballot to avoid snap elections. It may, though, have to provide more details about what... of the vote will perhaps concentrate minds in Parliament and may bring to the fore the concerns... for an ECCL. This tight schedule may not have been of the government’s choosing but it certainly does
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Newsletter 7 - 12/12/2014
up the pressure on the MPs that may swing over to the coalition’s side by painting a grim picture... may be looking to prolong their political careers and preserve the generous salary that comes... with SYRIZA’s rejection. However, if the offer is tabled officially it may be difficult
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Newsletter 8 - 19/12/2014
that some of these lawmakers may be looking for an excuse to back the former EU commissioner because... calm for now Situation may change if general election follows December 29 vote One of the key concerns... support from the troika (1.5 billion). On a monthly basis, the largest outflows were recorded in May 2012
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Newsletter 20 - 20/03/2015
to 0.82 billion in April, 1.03 billion in May and 2.5 billion in June, according to the Public Debt..., withdrawals reached 17 billion up to January and, according to Piraeus Bank, may have increased.... Managers expressed their optimism that an agreement with the eurozone may be clinched in Q2
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Greece: How events could unfold over the next few weeks
PoliticsGreek Politicskind of deal being secured at the May 11 Eurogroup. However, the Greek government appears to be divided... few weeks, based on two broad potential outcomes: One foresees an agreement on May 11... scenarios open up. If Greece and its lenders fail to agree on May 11 then all eyes
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Lack of time, lenders' demands back Greek gov't into corner
PoliticsGreek Politicsthe state subsidising supplementary pensions. Instead, it may consider trimming some of these payments, possibly those over 300 euros per month. The Greek side may, though, point to the fact that the Council of State (Greece’s highest administrative court) is due to issue a decision in May
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Newsletter 34 - 10/07/2015
over the weekend, the banks’ fundamentals have deteriorated significantly and they may have... of taxpayers, following rumours that a haircut may be imposed on bank deposits, opted to pay... (MoM), also reflecting lower prices in May due to an interim sales period in the first ten days
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Credit contracts at slower pace of 1.7 pct in June, monthly loan flow positive
EconomyMacroeconomyit fell by 1.7 percent in June from 2.1 percent in May, according to the Bank of Greece (BoG... in May. The June flow indicates the highest positive reading over the past three months and is fully... decelerated to 0.5 percent in June from 1.1 percent in May, indicating the slowest decrease since
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