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  1. Greece below EU average in social protection, with pensioners getting lion's share
    Photo by Angelos Christofilopoulos/Angelos Christofilopoulos

    Society

    Greece spends proportionately less of its GDP on social protection than the EU average but gives more of a share of what it spends to pensioners than any other EU country, newly released data from... spending per capita was registered in Romania at more than 70 percent below the EU average, followed

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  2. Why can't Greece be more like Cyprus?
    Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]

    Agora

    needed to bailout the eurozone countries, with Athens taking up almost 250 billion euros (more than... with them than about what the future holds. Surveying the current lay of the land, one sees... for a better balance over the years but we’ve arrived at a point now where more than 80 percent of public

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  3. Time deposit rate falls to record low of 0.71 pct, loan rate drops to 4.83 pct
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    . It currently stands 27 bps higher than the eurozone average rate of 0.44 percent. The recorded decrease... stand more than 250 bps above the euro area average rates. In the household lending sector... a recent peak at 5.01 percent in the previous month. The decline in the average loan rate more than

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  4. Cat and mouse: Greece and Schaeuble
    Photo via Flickr https://flic.kr/p/gcjZVS

    Agora

    had in mind something completely different than the Greek government. When all the pieces are put... the IMF is demanding (legislation of more than 2 percent of GDP in contingency measures that include... would approve a new deal. Rather than suggesting that Greece’s problems would be over if the IMF

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  5. An unfounded argument leaves Greece in limbo
    Photo by Angelos Christofilopoulos/Fosphotos

    Agora

    with its eurozone lenders add up to a primary surplus of no more than 1.5 percent of GDP in 2018... primary surpluses than proposed for Greece.” However, looking at the European Commission’s macroeconomic... to be the most critical of Greece are not expected to run primary surpluses of more than 1 percent

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  6. Overdue contributions rise at accelerating pace of 615 mln in Q4, stock climbs to 17.54 bln
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    , to 314,917 at the end of December. The breakdown displays 40.4 percent of debtors owe less than... side of the spectrum, 1,159 debtors (just 0.4 percent of total) owe more than 1 million each... billion (slightly less than a quarter of total) and involves 60,889 debtors accounting for 19.3

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  7. IMF's outlook on debt unsustainability adds to doubts after inconclusive Eurogroup
    Photo via Fosphotos

    EconomyProgramme

    that all participants acknowledged that the Greek economy performed better than expected last year... reportedly projects lower growth rates than the Europeans and sees Greece’s primary surplus at 1.5 percent of GDP, rather than 3.5 percent, in the coming years. Under the IMF’s baseline scenario, the Greek

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  8. PBO warns of recovery risks, fourth bailout and possible default

    EconomyMacroeconomy

    out higher than the potential benefit, which could prove temporary, it warns. For instance... GDP would be 2.2-3.1 billion lower than the target, which will also affect tax revenues... that this forecast is more of a message of optimism rather than a reliable estimate. The PBO notes

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  9. General gov't primary cash surplus up to 5 bln in 2016, arrears fall by 1.1 bln in Dec
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    to 5.26 billion. Social benefits of 40.1 billion euros holds the lion’s share making up more than half...-residents (excluding EFSF/ESM/IMF) by 303 million more than offsetting a drop in EFSF/ESM/IMF loans by 282..., up by more than 5 billion from last year on the back of ESM disbursements of 10.3 billion mitigated

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  10. Banks see efficiency gains after shedding 29 pct of staff, 42.6 pct of branches during crisis
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyBanking

    of bank employees dropped by more than 20,000 to 46,654 at the end of 2014 from 65,682 at the end of 2009... market have dropped by 29 percent or by more than 19,000 during the crisis years, from 2009 until... more than halved from 426,500 at the end of 2009 to 194,800 at the end of 2014. Since then, the number

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