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Athens wary as exploratory talks with Turkey approach
PoliticsForeign Policy. Otherwise, we need to proceed with the logic of Europe as a fortress. This would not be pleasant
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Banks make steady progress on improving balance sheets via securitisations
EconomyBankingwith a consortium of Fortress, Bain Capital and doValue at the end of July. Frontier does not include
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Piraeus completes Sunrise II securitisation as banks stay focused on NPE reduction
EconomyBankingthe Frontier securitisation after entering talks with a consortium of Fortress, Bain Capital
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Banks wrap up balance sheet transactions for 2021 on path to slashing NPEs
EconomyBankingon Cosmos on October 22 and NBG was in definitive agreement with Bain Capital, Fortress and DoValue
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Migrant boat tragedy forces temporary halt on election campaigning
PoliticsGreek Politicsof migrants, while MeRA25 leader Yanis Varoufakis blamed the “fortress Europe” policy for the deaths
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Greek credit contracts by another 3.5 pct in Sept as balances ease to 212 bln
EconomyMacroeconomythe previous month, according to the Bank of Greece (BoG). Balances eased 0.35 percent month on month (MoM... stems from a MoM increase in corporate lending outflows (270 million) as well as household outflows... MoM to 98.18 billion euros. Net deductions dropped below the 200-million-euro mark to 196 million
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Greek primary cash surplus up to 3.1 bln in September but state arrears also rise
EconomyMacroeconomyon month (MoM). In contrast, the primary balance of social security funds (SSFs) has shrunk to just... percent MoM in September after a marginal rise of 0.3 percent posted in August. In absolute terms..., corresponding to an increase by 120 million MoM and 143 million year to date (YtD). The relatively
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General gov't primary cash surplus rises to 3.4 bln in Oct but arrears also growing
EconomyMacroeconomyon month (MoM) in October, up from the 2.3 percent MoM rise recorded in September. In absolute terms..., implying an increase of 159 million MoM and 288 million year to date (YtD). The relatively moderate... funds' arrears rose by 141 million MoM to 2.47 billion making up half of total arrears. Hospitals
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Greek unemployment falls for seventh straight month, down to 25.7 pct
EconomyMacroeconomyin September mainly reflects a 1.6 percent month on month (MoM) rise in the number of employed and to a lesser extent a marginal drop by 0.1 percent MoM in the number of unemployed. The MoM rise in the number of employed is the highest reading in 2014. In contrast, the MoM decrease in the number
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General government cash surplus widens to 3.68 bln in November, arrears down by 502 mln
EconomyMacroeconomyrefund arrears) fell by 502 million month on month (MoM) to 4.54 billion at the end of November from... of 5.34 billion posted in April. The bulk of the marked MoM change of 502 million stems from a drop... million MoM to 2.26 billion corresponding to almost half of total arrears. The second highest MoM
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