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Debt relief or debt restructuring for Greece?
Agorain the already low 2.5 percent average interest rate on Greek debt. But how much does such a twin... maturing debt. The five-year loan carried an interest rate priced at a rather generous 4.5 percent
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One in four Greeks in severe material deprivation; a eurozone outlier
SocietyGreece has the sixth highest rate of severe material deprivation among 30 European countries, with the lack of access to basics rising substantially for almost all age groups last year, according... materially deprived. This is by far the highest rate in the eurozone (compared, for example, to 8.6
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Bank of Greece sees 0.5pct growth in 2014 but warns of political risks
EconomyMacroeconomythe latest macroeconomic data indicate the economy will rebound next year with a growth rate of 0.5... recovery will also have a positive impact on employment with the average unemployment rate expected
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Narrowing of trade deficit slows in November as exports fall 22.5 pct
EconomyMacroeconomyat a higher rate than imports. The low single-digit drop in November reflects imports falling by 15.3... rate (7.8 percent). Imports and exports from and to the European Union (EU) exhibited a similar trend
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Greek deflation slows to 1.5 pct in January
EconomyMacroeconomy- was the second sector posting a positive growth rate. Miscellaneous goods and services as well... and restaurants' prices remains intact at 3.2 percent, following the reduction of the respective VAT rate
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Manufacturing PMI edges up for second month in a row
EconomyMacroeconomyat manufacturers increased for the fourth successive month, while the rate of expansion was the fastest.... New export orders increased for the second month in a row, yet at a decelerating rate. Input prices
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Building activity nosedived for the fourth straight year, down 27.6 pct in 2013
EconomyMacroeconomyto 22 percent. The rate of drop in the Attica region (Athens, Piraeus and suburbs), accounting... since the peak in August 2010. The rate of contraction in housing loans has been between 3.1 - 3.7
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Greek justice slower despite reform efforts during crisis
Society. This is the third longest time in the EU. The rate at which first instance cases are resolved dropped from 79 percent in 2010 to 59 percent in 2012. This is the worst rate among the 20 EU member states surveyed
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Buoyed by troika deal, Greece aims for rapid return to bond markets
Economyunsecured corporate bond was priced at a fixed rate coupon of 5 percent and was 6 times...-December and 4.02 percent in mid-June. Unlike the reduction in the banks’ time deposit rate by 190 bps
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Another big drop for building activity, which fell by 35.3 pct in January
EconomyMacroeconomyEllada and South Aegean recorded the slowest decline at 20 percent. The rate of drop in the Attica... to building activity – have shown a 12.6 percent decline since their peak in August 2010. The rate
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