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Asking Greece to stack more austerity measures ignores past failings
Agoraso it starts paying back debt, eventually bringing it down. As much as it is true that there have... and have brought servicing costs down from pre-crisis levels, when Greece was paying over 6 percent of GDP
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EC expects milder recession of 0.3 pct in 2016, sees debt to GDP at 178.8 pct in 2017
Economyfalling 0.4 percent in 2016 before growing by 1.8 percent in 2017. Investments are also seen down 0.9... drop by 0.1 percent in 2016 and rebound by 3.8 percent in 2017. Unemployment is seen edging down
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Q1 GDP contracts 0.4 pct QoQ and 1.3 pct YoY, broadly in line with estimates
EconomyMacroeconomydisplayed in the YoY comparison with GDP down 1.4 percent in Q1 slightly higher than the 1.2 percent... are anticipated to resume a growth of 0.5 percent, while imports are seen marginally down by 0.1 percent
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Net profit of 87 mln for NBG in Q1
EconomyBankingby 1 billion in 2017, while the NPL ratio is seen down to mid-teens in the medium-term... down to 51.5 billion. At the same time, deposits in Greece fell by 2.5 percent QoQ to 35.7 billion
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Newsletter 75 - 27/05/2016
lawmaker stepped down from her position immediately (she was replaced by Giorgos Kyritsis... and that the issue of debt relief is kicked down the road far enough so that it does not become a controversial
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Q1 GDP contracts 0.5 pct QoQ and 1.4 pct YoY, slightly worse than flash estimates
EconomyMacroeconomyposted in Q4 2015. A similar trend was also displayed in the YoY comparison with GDP down 1.5 percent... markedly down by 5.2 percent QoQ and 23.4 percent YoY. The Bank of Greece balance of payments data for Q1
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Credit contraction decelerates to 1.9 pct in April, loan deductions drop to 117 mln
EconomyMacroeconomyGreek bank credit contraction slowed down for the second straight month to 1.9 percent in April from 2.1 percent in March, Bank of Greece (BoG) figures showed on Tuesday. Net deductions eased to 117... with cumulative net deductions of 38 billion leading balances down 21.6 percent over the end-2010 figure
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Greek stocks rebound 1.9 pct during week
Economydecision. They rebounded by 3.7 percent on Friday. Overall, they ended marginally down (-0.4 percent... week. Corporate news OPAP posted first quarter (Q1) net profit of 43 million, down 26 percent
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Coalition and New Democracy at odds over anti-government protests
PoliticsGreek Politics, drew an immediate response from New Democracy, which demanded that Fylis step down. It is not the first... that the government stands down. The stance taken by the two sides is reminiscent of the rallies last summer
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Current account deficit narrows to 822 mln in April
EconomyMacroeconomyas travel receipts fell by 7 percent to 443.3 million with non-residents’ arrivals down by 3.5 percent... by 5.3 percent, leading the 4-month travel surplus down by 5.1 percent to 370.1 million. BoG also said
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