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  1. Budget surplus at 1.94 bln in 6-month, 1.51 bln above target on strong underspend
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    in June from 114 million in May. Furthermore, the budget balance in the first half of the year posted... by 8.4 percent in June, after rebounding by 7.9 percent in May, and came to 3.70 billion. This remains... declining by 11.8 percent in May and landed at 3.24 billion. The aggregate figure for the six-month

    3%

  2. Healthcare next stop for Tsipras amid Georgiou case fallout
    Photo by Natasha Pantazopoulou/Fosphotos

    PoliticsGreek Politics

    statisticians had during Georgiou’s court case may provide Greece’s lenders with the extra ammunition... in a difficult position because Georgiou’s ongoing legal troubles may be a useful distraction and one... defendants "regardless of the special relationship they may have with agencies that operate under

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  3. New overdue tax obligations reach 727 mln in June, total at 95.6 bln
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    Greece’s new tax debt rose by 727 million euros in June, up slightly from 717 million euros in May... categories rose by 692 million in June, picking up pace from the figure of 599 million in May... as in May, since these obligations are paid in the second half of the year. The aggregate figure

    3%

  4. The whole truth and nothing but the truth
    Photo by Panayotis Tzamaros/Fosphotos

    Agora

    inflicting this kind of punishment. Furthermore, a decision to withhold the tranche may force the government... of the biggest blots in their copybook. Addressing one high-profile case may send a signal, it may be the right

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  5. Macron visit gives Tsipras chance to build ties, refocus
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    . It has also been suggested that Macron may be favourable to the idea of the International Monetary Fund... will make it more difficult to conclude the third review and that the Washington-based organisation may... of the way and Macron settling into his job, it may be that Berlin and others are more willing to discuss

    3%

  6. Retail sales up by 3.2 pct in June for sixth straight rise
    Photo by Pavlos Svoronos/Fosphotos

    EconomyMacroeconomy

    percent rise in May, according to data published by the Hellenic Statistical Agency (ELSTAT) on Thursday. Compared to the May figure, the index jumped by 8.1 percent in June. The headline figure... month-on-month (MoM) to 72.4 in June while volumes increased in June by 2.5 percent compared to May

    3%

  7. Unemployment falls to 21.2 pct in June, lowest since Dec 2011
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    revised figure of 21.5 percent in May, the Hellenic Statistical Authority (ELSTAT) labour force survey... to May, to total 1 million in June. The labour force rose slightly to 4.8 million in June... percent in June from 21.6 percent in May on the back of drop in unemployed by around 75,600 to finish

    3%

  8. Early banks stress tests offered as Greek programme compromise
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyProgramme

    that the SSM may “frontload” the stress tests that are due to be carried out next year so the results... be finalised in early May. This claim was also repeated by a Bloomberg source, while a Bank of Greece... to fall significantly. Developments in Germany, where the liberal FDP party may be part of the next

    3%

  9. Draft budget highlights taxpayer fatigue, creates policy mix doubts
    Photo by Gerarsimos Domenikos/Fosphotos

    EconomyMacroeconomy

    Strategy (MTFS), which was only submitted in mid-May. Since then revenues have been slipping each... of the solidarity levy. With ordinary revenues half a billion euros below the MTFS figure of May and 120... the May MTFS figure of 21.45 billion euros to 20.78 billion, raising serious questions about the ability

    3%

  10. Athens eyes ample cash buffer, prepares for bond swap
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyProgramme

    been suggested that the government may try to tap the markets for a total of 6 billion euros next... as five new fixed-coupon bonds. The maturities of the new bonds may be the same as for the existing notes... the swap may begin on November 13, with the aim of being completed before the institutions’ mission

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