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  1. Car registrations surge by 46.3 pct in June thanks to tourism, consumer confidence

    EconomyMacroeconomy

    The number of road motor vehicles (going into circulation for the first time) continued showing strong growth of 46.3 percent in June, after increasing by 48.7 percent in May, according to the Hellenic Statistical Authority (ELSTAT). The June reading is the second highest (after May) rate

    3%

  2. Unpaid taxes rose by 1 bln a month in H1 2014, collection targets missed

    EconomyMacroeconomy

    The rate of increase in Greece’s unpaid taxes accelerated to 1.03 billion euros in June from 873 million in May and 763 million in April, according to data provided by the General Secretariat..., underperforming the target of 65 percent. This category of audits was the only one that beat target to May

    3%

  3. Parliament's budget office sees Greek recovery finely poised

    EconomyMacroeconomy

    weigh on the recovery. The PBO estimates that the economic recovery this year may be stronger than... billion euros and now stand at the high end in the EU. Nevertheless, they may not prove adequate

    3%

  4. Settling rising private debt? The IMF has some ideas

    Economy

    buffers, absorb management time and create uncertainties. · Public sector debt sustainability may... to be restored after restructuring. · Managing expectations: Since government-sanctioned bailouts may

    3%

  5. BoG shows lower deposit rates and a sharper drop in loan rates in June

    EconomyMacroeconomy

    on new deposits fell 8 bps to 1.51 percent in June from 1.59 percent in May. The movement in the new loan... down 46 bps to 3.41 percent in June from 3.87 percent in May. However, the June figure remains 10

    3%

  6. Sudden spurt for Greek exports, which rose by 11.3 pct in June

    EconomyMacroeconomy

    The rate of change in Greece’s exports turned positive showing an increase of 11.3 percent in June following a drop of 7.5 percent in May, according to the flash estimates released by Hellenic... a 3.7 percent increase in May. The June rate was the fourth positive YoY reading in the first half

    3%

  7. The IMF crisis and how to solve it
    Photo via IMF photostream on Flickr [https://www.flickr.com/photos/imfphoto/]

    Agora

    May 2010 which was inadequate to secure debt sustainability. To break the rule is to throw good money...…. Is that it? To those of us familiar with IMF Board-speak, it sounded as though the report may had just been

    3%

  8. Greek trade deficit rises by 7.4 pct in June but rate of increase slows

    EconomyMacroeconomy

    After a double-digit rise in the preceding four months, the rate of increase in Greece’s trade deficit decelerated to 7.4 percent in June from 21.9 percent in May, according to the Hellenic..., which was slightly lower than that in May (1.72 billion). The movement in June reflects an increase

    3%

  9. A factional story: When disunity came to visit New Democracy
    Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]

    Agora

    different opinion the next. Also, Tsipras may speak one way to a non-SYRIZA audience and then change his... of forces on Greece’s right. However, in its bid to stave off Tsipras and Co. New Democracy may end up

    3%

  10. Alpha Bank reports H1 profits of 267.4 mln on one-off item
    Photo by MacroPolis

    EconomyBanking

    that Alpha and the other three systemic banks have eliminated ELA funding since May. The bank’s Basel III... for the calculation of capital needs by the ECB in the upcoming stress tests. In addition, the ECB may disclose

    3%