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Deadline for liberalisation of household and SME NPLs looms closer
Economywith a subsidiary in Greece. They are to be licensed and regulated by the Bank of Greece (BoG). An NPL may... including a NPL, his/her performing loans may also be transferred along with the NPL. NPL breakdown
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Newsletter 60 - 29/01/2016
last May. Although tax revenues outperformed their target by 769 million in 2015, new unpaid taxes... since May 2015 but far from the peak of 104.6 of June 2014. Nevertheless, economic sentiment has... islands to prevent them simply moving on en masse to other parts of Europe. On this subject, a lot
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Retail sales drop at a faster pace of 5.5 pct in Nov
EconomyMacroeconomyin the course of 2015 with just one positive reading of 2.4 percent in May. Retail volume also decreased... highest reading since May 2015.
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Tsipras caught between social tension and lenders' pressure as talks begin
PoliticsGreek Politicsthat there may be a stand-off in the upcoming negotiations over this issue. Government sources have... to put forward his own pension reform proposals but it may be in his short-term interests to let
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Coalition feels wrath on pensions but not in opposition's interest to push hard
PoliticsGreek Politicsthat these differences cannot be bridged (a compromise may be found in lower social security contribution rises... minister and MPs who may have grown concerned about the rising tension in Greek society. It remains
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Newsletter 61 - 05/02/2016
will be less wavering in his search for a deal with creditors than last year and may be willing to compromise... as some are concerned that Gennimata will veer towards the “old” PASOK and may consider an alliance
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Greek pensions: The unsolvable equation
Agorais still roughly 800,000 short of what it was back in May 2010. This has made a huge dent in social... contribution at 9.5 billion euros, or 5.4 percent of GDP. Spending slashed Sizeable as it may... took a major hit not only as a result of people dropping out the labour force en masse but also due
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Sensing opportunity, Golden Dawn rears its head again
PoliticsGreek Politicssenses that there may be fertile ground for its anti-establishment, anti-EU message. Concerns about..., may also fuel the extremist party, especially now that the problem is not just limited
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Diplomatic tension over refugee crisis grows as Greece protests to Austria
PoliticsForeign Policy. Austria’s proactive stance appears to have taken Athens by surprise and there is concern about what may..., Serbia, Slovenia. The decision not to invite Greece may have been prompted by Tsipras’s decision
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Retail sales slip 0.1 pct in Dec, drop of 2.8 pct in 2015
EconomyMacroeconomy(of +2.4 percent in May) in the course of 2015. Retail volume rebounded 0.4 percent in December... in 2015. The December rate represnts the first positive reading since May and overall the fourth
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