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  1. Sparks to fly as coalition and SYRIZA clash over electricity sell-off

    PoliticsGreek Politics

    of the parent company’s customers, is one of the six prior actions Athens must complete by the end.... SYRIZA sees this as an opportunity to strengthen its relationship with GENOP-DEI, one of Greece’s

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  2. Return of coastal bill may give SYRIZA new chance to build support
    Photo by Harry van Versendaal

    PoliticsGreek Politics

    parties behind one proposal simply strengthened concerns about the party’s ability to form alliances... the one put forward by the government. In this respect, the PPC bill showed that SYRIZA could muster

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  3. Most Greeks saw income fall over last year, limiting purchasing power
    Photo by MacroPolis

    Society

    that indicated an increase. The bulk of wage earners (84 percent) prefers products on offer and almost one in two opt for private label products. One in two withdrew cash from their bank accounts to cover

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  4. Drop ‘til you shop
    Photo by MacroPolis

    Agora

    magnets for consumers who end up spending their money on food or drink instead. This is one.... There is, however, another fundamental problem underlying all this. If we accept that one of the failings

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  5. SYRIZA drawing up manifesto and foraging for allies
    Photo by MacroPolis

    PoliticsGreek Politics

    provisions. Democratic Left (DIMAR) was one of the parties that attended the event. SYRIZA and DIMAR... and Democratic Left leader Fotis Kouvelis. One of the burning issues during these talks will be how

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  6. Moody's upgrades Greek rating by two notches to Caa1 - here's why

    Economy

    . This is Greece’s second rating upgrade, following that Fitch’s decision to increase it by one notch on May 23..., Greece’s credit rating by Moody’s is still one notch below that of S&P (B- with stable outlook set

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  7. Finance Ministry scrambles to correct property tax after error-strewn debut

    EconomyMacroeconomy

    , the payment was postponed by one month, while the tax notices started being uploaded on the GSIS website... comprises of 2-3 taxpayers, this means that one out of five households will have to pay a tax

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  8. New Democracy risks losing moderates with move for right-wing alliance

    PoliticsGreek Politics

    New Democracy’s attempt to form a broad right-wing alliance designed to prevent SYRIZA winning the next elections has had a mixed response so far but the most important reaction could yet be the one... Kyriakos Mitsotakis, one of the leading members of New Democracy’s moderate wing, suggested that he

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  9. National Bank reports 1.15 bln H1 profit on back of 1 bln deferred tax
    Photo by MacroPolis

    EconomyBanking

    on August 28. This year’s results include one-off items of 1.04 billion euros largely due to the recognition of additional deferred tax asset (DTA) of 994 million. Excluding one-offs, net profit landed

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  10. Piraeus Bank reports net profit of 164.3 mln in Q2
    Photo by MacroPolis

    EconomyBanking

    Piraeus Bank reported net profit of 164.3 million euros in Q2 from a loss of 246.6 million in Q1. This quarter’s profitability benefitted from two one-off items: The first relates to the recognition... one-off items), pre-provision income rose 17 percent quarter on quarter (QoQ) to 294.9 million, while

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