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Eurosystem funding falls 8.6 bln in June in aftermath of waiver reinstatement
EconomyMacroeconomyGreek banks’ Eurosystem funding dropped by a notable 8.57 billion euros in June, following a decrease by 3.86 billion in May, Bank of Greece's (BoG) monthly financial statement displayed on Wednesday..., broadly similar to the drop of 427 million recorded in May. As a result, banknotes in circulation edged
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Privatisations in Greece: A win-win that's difficult to achieve
Agorato be contentious among decision-making bodies within HCAP and the line ministries. Equally, it may... Hochtief company in May 2013. Ten percent likelihood. *This article first appeared in our weekly e
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Tsipras eyes connection with voters through changes to constitution, electoral system
PoliticsGreek PoliticsPrime Minister Alexis Tsipras has suggested that he may put planned changes to Greece’s Constitution, including the election of the president by the people rather than Parliament, to a referendum... there may still be time for some haggling between the parties that could lead to changes which have
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Simple majority for new electoral law, which threatens future complications
PoliticsGreek Politics, there has been a suspicion since last year that at some point he may be invited to join the government... his fiery rhetoric, the 65-year-old may be willing to compromise and accept a government position
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Turkish unrest gives Greece the shivers
Agoraagainst a weaker neighbour to divert public opinion. It may be that decades of conflict... it may have on reunification talks in Cyprus). For starters, Greece has inadvertently found itself caught
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New tax arrears rise by 1.22 bln in June, total stock almost at 90 bln
EconomyMacroeconomyGreece’s new unpaid taxes increased by another 1.22 billion euros in June, in line with the 1.25 billion rise recorded in May, General Secretariat of Public Revenues (GSIS) data displayed on Thursday... percent in May. The revenue collection rate from tax audits on large corporates notably improved
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Industrial production surges 7.5 pct in June, with highest growth rate since 2001
EconomyMacroeconomyGreece’s Industrial Production Index (IPI) soared 7.5 percent in June following an upward revised rise by 3 percent in May, Hellenic Statistical Authority (ELSTAT) data displayed on Tuesday... after a drop by 4.1 percent month on month posted in May. Following the strong rebound in June
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Greece sets up working group to monitor implications of Brexit
PoliticsForeign Policyof David Cameron and his replacement by Theresa May. · Even on this historic event, the EU appears... will be to set out every possible scenario for the build-up to Brexit and what may come afterward. A bi
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Eurobank remains profitable with net profits of 46.2 mln in Q2
EconomyBankingof 2019. The final targets may be finalised at the end of September. It should be noted that Eurobank announced on May 20 that it proceeded with the sale of 170 million NPLs in Romania, with the bank
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The great turn-off: Greece's TV permits auction
AgoraAt the start of the process to auction four TV licenses in Athens last week, one of the people in the room was taken to the hospital. He may have been the lucky one. By that point what began... time steamrolling its way through the tender. It may have been obliged to adopt an approach that would
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