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  1. Eurosystem funding drops by 2.2 bln in May, mostly on further decrease in ELA reliance
    Photo by MacroPolis

    EconomyMacroeconomy

    Greek banks’ Eurosystem funding fell for the 23rd successive month in May, when it dropped by another 2.22 billion euros, the Bank of Greece's (BoG) monthly financial statement revealed on Thursday. In the previous month, it dropped at a slower pace of ...

    9%

  2. Budget execution continues to outperform in June, led by 2.2 bln in excess taxes
    Photo by MacroPolis

    EconomyMacroeconomy

    The budget primary balance came to a surplus of 2.12 billion euros in June, compared to a deficit of 3.43 billion euros in the same period of 2022, according to the preliminary Finance Ministry (MoF) budget execution data released on Monday. In the firs...

    9%

  3. Company closures dropped sharply during the pandemic
    Photo by Gerasimos Domenikos/Fosphotos

    EconomyFeatures

    and retail trade; repair of motor vehicles and motorcycles” which saw 8,082 closures. While that may seem... actually dropped 18.9 percent. In fact, only one sector saw an increase in the number of closures in 2020: electricity, gas, steam and air conditioning supply, which saw an increase of 26.4 percent

    8%

  4. October revenues reverse earlier shortfall, annual primary surplus in sight

    Economy

    to the targets being beaten over the last four months, even though there is a steady increase

    7%

  5. Two hurdles left for coalition this year before bigger challenges in 2014
    en_GB Photo by Harry van Versendaal

    PoliticsGreek Politics

    Greece’s coalition has two more hurdles to clear before it stumbles over the finishing line at the end of the year, exhausted and battered but not quite yet beaten. The first challenge is to pass the new property tax, which unites previous disparate levies in one charge, through Parliament. The new

    7%

  6. First round of local elections leave Greek politics finely balanced
    Photo by MacroPolis

    PoliticsGreek Politics

    Democracy’s incumbent Vassilis Michaloliakos was beaten into second place by independent Yiannis Moralis

    7%

  7. Wages index edges up YoY in Q1 after sinking by 24.8 pct since 2010

    EconomyMacroeconomy

    beaten by that of Cyprus (-7.9 percent). In addition, Greece and Cyprus are the only two countries

    7%

  8. New Democracy and PASOK ponder next moves after election defeat

    PoliticsGreek Politics

    (with 4.68 percent it was beaten by Independent Greeks into seventh place among the seven parties

    7%

  9. Rifts in New Democracy as Samaras vows to stay as leader

    PoliticsGreek Politics

    challenge following her failed attempt in 2009, when she was beaten by Samaras. One of the interesting

    7%

  10. Tsipras softens stance on coalition options as leaders head to debate

    PoliticsGreek Politics

    messages and that Meimarakis has beaten him to this particular political ground. Voters will get

    7%