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Led by corporate lending, credit continues to grow with 2.3 pct rise in June
EconomyMacroeconomypercent rise in May, Bank of Greece (BoG) figures showed on Tuesday. The net lending flow was positive by 493 million, from a 17-million-euro net decrease seen in May. The outstanding balance... in May, taking the balance to 68.92 billion euros. Within corporate lending, the balance of credit
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Ukraine war and Turkey tension top foreign policy concerns
PoliticsForeign Policylanguage to his speech at the US Congress in May, he said: “We stand with peace and international law... autocratic neo despotism.” “We must prevent in Ukraine any fait accompli that new troublemakers may... sector this summer may easily be swallowed up by energy price increases later this year. Turkey
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Macroeconomic fundamentals for Greece
Agora. The citizens may ascertain what parties can rise above the daily shouting and present a reasoned view... to another. Fundamentals in economics are forces and parameters that operate below the surface and may.... For instance, in managing the macroeconomy, one may talk about the level and growth rate of potential real GDP
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Emboldened Mitsotakis plans for Erdogan meeting, next step in Greek-Turkish ties
PoliticsForeign PolicyThe political dominance of Kyriakos Mitsotakis in Greece in the May 21 elections also means that he... regarding his foreign policy approach. The emphatic nature of the May 21 victory means that Mitsotakis... as soon as possible following his re-election. He said that this may happen in the upcoming NATO
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Industrial turnover falls by 7.4 pct YoY in April for first drop since early 2021
EconomyMacroeconomyin March 2021 and has been growing ever since. In May last year, with growth of 54 percent annually... Manufacturing PMI remained in expansion territory in May, although it fell marginally to 51.5 points, from... that the conditions in the Greek manufacturing sector have improved, though May was the slowest
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SYRIZA to test coalition with censure motion but victory unlikely
PoliticsGreek Politicsthat threatens the coalition's survival. Some of the dissenting MPs may use the threat of the censure.... There may also be a feeling in SYRIZA ranks that given the displeasure of some ND lawmakers... that fears the party may be becoming too conformist. For Tsipras, a face off with the government may
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PASOK unites forces with Greek "Olive Tree" for EP elections but will it be enough?
PoliticsGreek Politicsto unite with PASOK at the European Parliament elections in May in a potentially significant move... the political stage in May. The movement, often dubbed the Greek Olive Tree in reference to a similar... a move that would antagonise SYRIZA at the moment as he believes the two parties may have the chance
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Polls turn in SYRIZA’s favour but also show that doubts persists
PoliticsGreek Politicsand European Parliament elections. The May polls will be a watershed for the coalition and SYRIZA... vote in May. With misgivings persisting about the economic recovery the government has promised... to such a degree that the threat of snap elections will not hang over the government after May. The recent
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Greek bank capital increases: A breakdown of what has been achieved
Economycapital increase this month, raising 2.5 billion on May 9. The transaction was reportedly two times... billion raised from private investors in May-June 2013 during the first round of capital increases... systemic banks currently (May 13) amounts to 32.6 billion accounting for 46.3 percent of the domestic
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IMF report sees a number of risks lying ahead for Greece
EconomyProgrammeminister announced on Monday. The IMF Executive Board had approved on May 30 the disbursement of two..., there is a funding gap of 12.6 billion in 2015, notably for the seven months after May 2015... (ETEAN). Since fewer guarantees have been called than expected, the Greek government may cancel about
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