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  1. Stepping up search for alliances, Tsipras welcomes Euro-Med leaders
    Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]

    PoliticsGreek Politics

    that arrivals may rise even more than they have since July. Tsipras’s mood ahead of the Athens meeting...,” adding that “it is preferable to have a European Germany… than a German Europe.” His comments came... that the Greek leader was now closer to them ideologically than to the radical left. As we have written

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  2. The story behind Attica Bank, the non-systemic lender thrust into the spotlight
    Photo via Flickr https://flic.kr/p/4hVnhM

    EconomyBanking

    , Attica was the only Greek bank that remained along with the four systemic banks from the more than... household loans and leasing account for 19.9 and 7.3 percent respectively. More than one-quarter (26.7... provisions of 629 million. Its stock of provisions more than doubled to 1.17 billion at the end of 2015

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  3. Disposable income falls for second straight quarter, by 0.7 pct in Q2

    EconomyMacroeconomy

    . The decline mostly reflects a rise in social contributions by 4.7 percent, which more than offset a fall... with nominal GDP contraction of more than 26 percent. When broken down, the figures reveal employees..., slightly slower than the 5.3 percent growth rate recorded in the previous quarter. Despite

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  4. General government primary cash surplus substantially widens to 5.3 bln by September, arrears edge down to 6.2 bln

    EconomyMacroeconomy

    million. In contrast, the state budget posted a surplus of 1.82 billion, 364 million less than last year... an increase in SSF and tax refunds’ arrears by 188 and 156 million respectively more than offsetting a drop..., local governments and extrabudgetary funds, recorded arrears less than 400 million each in the January

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  5. Bank credit contracts by 1.6 pct in Oct on loan deductions of 308 mln
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    deductions of 3.17 billion euros in the 10-month period of 2016, 4 percent higher than last year’s figure... by less than 50 million from the previous month to 93.44 billion. The monthly flow remained volatile..., which have dragged the balance down by more than 23 percent over this period. The biggest rate

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  6. Q3 GDP rebounds 0.8 pct QoQ and 1.8 pct YoY, above flash estimates
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    on Tuesday. The headline figure is better than the 0.5 percent QoQ rise recorded in the flash estimates... for Q3 is also better than the 1.5 percent growth rate reported in flash estimates. In addition, GDP... by 14.1 percent that more than offset a rise in goods by 10.7 percent. The Bank of Greece’s (BoG

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  7. Budget primary surplus to Nov reaches 7.4 bln on continued strong revenue performance
    Photo by MacroPolis

    EconomyMacroeconomy

    , 3.91 billion higher than target. Revenues Revenues (before tax refunds) rose for the fourth..., 146 million lower than target. For the 11-month period, primary expenditure edged up 1.5 percent... in the 11-month period, remaining 1.32 billion lower than target. In a separate table, the MoF

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  8. Bank of Greece sees potential for recovery, urges calm in negotiations
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    . Following the better-than-expected GDP outcome in the 9-month period, BoG upgraded its macro estimates... than expected dampening effect on the economy. An additional risk involves the existing gaps... by 11.3 percent, which corresponds to more than 100,000 NPls, mainly focusing on long-term solutions

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  9. Newsletter 106 - 10/02/2017

    Newsletters

    some of the measures that the IMF is demanding. risk of committing the coalition to more than... 4 billion euros, in contingent measures to be legislated now. This probably more than the coalition... percent. The number of bank employees in the Greek market has dropped by 29 percent, or more than

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  10. Athens grapples with awkward reduction of tax-free threshold
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyProgramme

    . The IMF has repeatedly stressed that more than half of Greek wage earners are exempt from paying... or two children respectively. It remained unchanged for families with more than 3 children... to 2,100 euros (for families with more than three children. It is worth noting that those tax-free

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