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Mitsotakis shrugs off scandals to hit back at foreign policy critics
PoliticsGreek Politicswith Libya, Mitsotakis reiterated his government’s position that the Turkey-Libya maritime agreement... the rival factions in Libya, allowing Libya to press territorial claims with backing from Ankara
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Greece working on plan for multilateral talks in East Med
PoliticsForeign Policyin the proposal are Greece, Cyprus, Turkey, Egypt and Libya. The conference does not include Israel... to be Ankara’s refusal to participate in any forum that excludes Turkish Cypriots, while Libya... from Libya to represent both factions. Whether conditions on the ground make this feasible remains
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NBG reports net losses of 401 mln in Q3, NPL formation accelerates in Greece
EconomyBankingand change in the deposit mix. Fee income dropped by 12 percent QoQ to 111 million euros largely... related to pillar II securities. At the same time, the bank recorded a loss of 111 million euros
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Slight rise in deposits for March but outflows at 2.2 bln for 2014
EconomyMacroeconomyGreek private sector deposits rose 0.3 percent month on month (MoM) in March, with balances reaching 161.05 billion euros, according to the Bank of Greece (BoG). Net flow turned positive for the first time since December with inflows amounting to 501 mi...
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Primary cash surplus to Oct at 4 bln, including arrears repayment of 2.2 bln
EconomyMacroeconomyGreece’s central government primary cash surplus fell by 875 million eurso to 3.97 billion in the 10-month period of 2016 from 4.84 billion a year ago, Bank of Greece (BoG) figures displayed on Thursday. This year’s figure, though, incorporates arrears’...
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Eurosystem funding drops by 2.2 bln in May, mostly on further decrease in ELA reliance
EconomyMacroeconomyGreek 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 ...
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Budget execution continues to outperform in June, led by 2.2 bln in excess taxes
EconomyMacroeconomyThe 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...
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ELSTAT survey finds 2013 household budgets devastated, inequality persists
Societyin the rural than the urban areas. The average monthly expenditure in the urban areas fell 7.1 percent in 2013 and 28.6 percent since 2009. In contrast, the figures for the rural areas posted almost the half... is consistently above that in rural areas, yet the deviation significantly narrowed over the past
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Government on alert again as farming subsidy probe zeroes in on two ex-ministers
PoliticsGreek Politicsthe alleged involvement of two former rural development ministers, reported to be New Democracy’s.... “There was a central mechanism at OPEKEPE and at the (rural development) ministry directing them,” the opposition... that this penalty was for administrative failures is not convincing and called for the current Rural
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Resignations over EU subsidy scandal deliver new blow to PM, further tarnishing image
PoliticsGreek PoliticsHatsivassileiou, Deputy Rural Development Minister Dionyssis Stamenitis and Deputy Digital Governance Minister Christos Boukoros, as well as the Rural Development Ministry’s general secretary, Giorgos... that the former head of OPEKEPE, Grigoris Varras, twice informed Voridis when he was the rural
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