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IMF sets out stall ahead of crucial Eurogroup by proposing immediate debt relief
EconomyProgrammethan 1.5 percent of GDP over the long-run. On the growth front, the report underlines two key... (DTA) in Greek banks’ capital burden their weak balance sheets. The Fund suggests
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Putin visit highlights potential, but also limitations, of Greece-Russia ties
PoliticsForeign Policyvisitors to Greece in March. However, it should be noted that fewer than 1,700 Russians visited... the political developments in Turkey, as well as the shifting balance of power in the wider region
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Brexit and Grexit – Britain’s referendum and Greece
Agorathere will be a question over whether the EU can become smaller and more coherent rather than always and forever enlarging and bailing out weak member states unable to raise taxes properly and balance
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Eurosystem funding drops by another 4.3 bln in July, largely on reduced ELA reliance
EconomyMacroeconomynoted, the ongoing reduction in ELA funding balance has a positive impact on Greek banks’ net... and overall by more than 4 billion since June 2015. However, they still stand 16.3 billion above
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Drop in arrivals and spending impinge on H1 travel receipts
EconomyMacroeconomyThe balance of travel services in June posted a surplus of 1.72 billion euros, a decline of 3.6 percent compared to the surplus of 1.78 billion in the same period last year, according to data..., receipts from Germany dropped by more than 13 percent and from France by 19.8 percent, offset
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Primary cash surplus expands to 3.2 bln by September incorporating arrears repayment of 2 bln
EconomyMacroeconomyInvestment Budget (PIB) balance posted a marginal deficit of 2 million in September from 606 million last year, while the 9-month figure also recorded a deficit of 77 million, 23 million less than last
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Reshuffle expectations doused as coalition braces for TV permits ruling
PoliticsGreek PoliticsMinister Alexis Tsipras would be able to get away with anything less than side-lining State Minister Nikos... fragile balance within New Democracy this week when the party’s vice president Adonis Georgiadis
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Q3 GDP beats consensus, rises by 0.5 pct QoQ and 1.5 pct YoY
EconomyMacroeconomyfor September’s balance of payments as well as quarterly unemployment and turnover indices for the service... are better than polls forecasting marginal GDP growth both QoQ and YoY. Incorporating the Q3
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Mitsotakis renews appeal to PASOK and Potami for joint drive
PoliticsGreek Politicsmore critical of the government than PASOK, Potami has not aligned itself with New Democracy so far... into question recently as he tries to keep a difficult balance in his own party between the reformist centre
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Building activity edged up 1 pct in September
EconomyMacroeconomy13,257 in 2015, entailing a nosedive of more than 86 percent. The Bank of Greece’s (BoG) latest figures... by 42 percent. Meanwhile, the housing loan balance has contracted by 19 percent since 2011
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