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  1. Manufacturing PMI rises again, reaching 51.1 in April

    EconomyMacroeconomy

    pace, despite a further decline in new export business. Although the net increase in staff was only

    1%

  2. Q1 gg primary cash balance shows 2.5 bln surplus but 2014 arrears grow

    EconomyMacroeconomy

    (1.85 billion) and EFSF/ESM/IMF loans (1.3 billion) more than offsetting a net increase in short-term

    1%

  3. PASOK stakes coalition survival on voters’ fear of uncertainty
    Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]

    PoliticsGreek Politics

    a safety net for PASOK by arguing that the results of the local elections (on May 18 and 25) should

    1%

  4. Central gov't cash deficit shrinks to 1.27 bln in April

    EconomyMacroeconomy

    Greece’s central government net balance to April on a cash basis showed the deficit shrinking to 1.27 billion euros, 4 billion lower than a year earlier, according to the Bank of Greece (BoG). The 4-month primary cash balance turned positive at 1.33 billion from deficit of 2.81 billion

    1%

  5. In the absence of light, darkness grows
    Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]

    Agora

    austerity while ignoring the social safety net, engaging in relentless artificial political

    1%

  6. IMF report sees a number of risks lying ahead for Greece

    EconomyProgramme

    provisions over NPLs) stood at 49 percent, while NPLs net of provisions exceeded the bank’s capital (138

    1%

  7. Budget execution shows primary surplus of 711 mln, 503 mln ahead of target

    EconomyMacroeconomy

    revenues rebounded in May, the 5-month net revenues continued heading south (-0.8 percent) to 17.3

    1%

  8. Greek banks' Eurosystem funding at lowest since Jan 2010; ELA also wiped out

    EconomyMacroeconomy

    ’ net interest income particularly in 2012. A later ECB decision in December 2012 to suspend

    1%

  9. Alpha Bank acquires Citigroup's retail banking unit in Greece
    Photo by MacroPolis

    EconomyBanking

    ) net loans, mainly credit card balances of 0.4 billion c) network of 20 branches with 730 employees

    1%

  10. BoG sees central gov't primary surplus to May at 1.06 bln on cash basis

    EconomyMacroeconomy

    Greece’s central government net balance to May on a cash basis showed the deficit narrowing by 74.4 percent to 1.88 billion from 7.32 billion last year, according to the Bank of Greece (BoG). The 5-month primary cash balance exhibited a similar pattern posting a surplus of 1.06 billion in 2014 from

    1%