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  1. EU makes dramatic revision to economic forecasts, sees recession of 2-4 pct this year
    Photo by MacroPolis

    Economy

    The European Commission (EC) published on Wednesday its assessment following the official Greek request for a 3-year loan from the European Stability Mechanism (ESM). The document showed that due to the strong deterioration of Greece’s economic and financial situation, the EC has revised downwards

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  2. Reshuffle of limited scope, ambition suggests elections on horizon
    Photo by MacroPolis

    PoliticsGreek Politics

    few days have shown strong support for SYRIZA and his decision to reach an agreement with lenders

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  3. Unpaid taxes edge up by 656 mln in June for slowest monthly rise in 2015

    EconomyMacroeconomy

    million. This means that this indicator is proportionally above target, mainly reflecting a strong

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  4. Greece trying to redefine its diplomatic role in the Western Balkans
    Photo by Kosovo Ministry of Foreign Affairs

    PoliticsForeign Policy

    in the future how we will apply these two criteria.” Kotzias' statements provoked a strong reaction

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  5. IOBE think-tank sees recession of up to 2.5 pct this year, milder in 2016

    Economy

    the strong deflation evident in the first half of 2015 However, the report highlights

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  6. Drop in corporate loan rates led the average loan rate at a new historic low
    Photo by MacroPolis

    EconomyMacroeconomy

    , the time deposit rate climbed to 5 percent amid strong competition mainly led by the smaller banks

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  7. Manufacturing PMI falls to record low in July, new business sees biggest drop

    EconomyMacroeconomy

    mainly led by the difficulty in receiving items from abroad. Another strong negative implication

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  8. Greece and creditors try to untangle pension complications

    EconomyProgramme

    in the next bill, are restrictions on early retirement. The government has pledged to create strong

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  9. Building activity up again in May but with smaller rise of 1.9 pct

    EconomyMacroeconomy

    in May showed mixed trends. In particular, three regions posted a strong double digit growth, namely

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  10. Eurogroup approves 3rd bailout for Greece but expects swift, extensive action
    Photo by EU Council via Flickr https://flic.kr/p/gDK7GV

    EconomyProgramme

    . The Eurogroup statement praised Greek authorities for “demonstrating strong commitment as shown

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