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Greek budget outperformed targets by 3.9bn euros to August, preliminary figures show
Economy, trimming the year to date figure to 1.4 billion, yet with a significant positive impact on current’s year
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Greek unemployment rose to new high of 27.9 pct in June
EconomyMacroeconomyreduction in the unadjusted rate is attributed to the seasonally high tourism and it is not yet clear
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Greek industrialists decry conditions as another major firm moves its HQ abroad
EconomyGreece’s industrialists have cited the departure of yet another major firm from the country as evidence that the government is failing to create conditions for growth, despite the coalition claiming that the business environment is improving. Viohalco Hellenic Copper and Aluminum Industry revealed
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Cyprus “success” preludes something bigger in European banking
AgoraAt first, it looked anything but successful. Both Brussels and Nicosia seemed hopeless, had shot themselves in their feet, steamrollered over taboos, destabilised capital flows - created a mega blunder. Yet the Cyprus Gaffe (or Cyprus Rehearsal, or Cyprus Scare) is successful in having produced one
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Greece on way to 2013 primary surplus as budget outperformed targets by 3.85bn euros to August
Economy, trimming the year to date figure to 1.44 billion, yet with a significant positive impact on current’s
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Credit contraction marginally decelerated to 3.9 pct in August
EconomyMacroeconomyin the household lending sector and negative – yet volatile – corporate lending flow.
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Sharper drop for retail sales in July points to lingering recession
EconomyMacroeconomyRetail sales continued heading south for yet another month with the contraction rate accelerating to 14.2 percent in July from a revised 7.7 percent in June, according to Hellenic Statistical Authority (ELSTAT). A similar drop (14.0 percent) was also evident in retail volumes. The picture remains
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What do Greeks fear most? The lack of justice
Societythe country’s fiscal adjustment, while others that existed before the crisis have not yet been addressed
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Polls give New Democracy wafer-thin lead over SYRIZA
PoliticsGreek Politics(DIMAR) garnered 4.2 percent. Just over 13.5 percent said they have not yet decided which party
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What is the state of play with Greek banks?
Economy. Although not out of the woods yet, they appear ready to tackle with upcoming challenges from a better
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