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  1. EU makes dramatic revision to economic forecasts, sees recession of 2-4 pct this year
    Photo by MacroPolis

    Economy

    The European Commission (EC) published on Wednesday its assessment following the official Greek request for a 3-year loan from the European Stability Mechanism (ESM). The document showed that due to the strong deterioration of Greece’s economic and financial situation, the EC has revised downwards

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  2. Credit contracts at slower pace of 1.7 pct in June, monthly loan flow positive

    EconomyMacroeconomy

    ) of the ECB. According to BoG latest official figures, the NPL ratio slipped to 33.8 percent at the end

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  3. Greek business feeling the pinch from capital controls
    Photo by MacroPolis

    Economy

    the relevant official committees. Market sources stressed that several issues would have been eliminated had

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  4. Possibility of snap elections after third bailout agreed is firmly on Tsipras's agenda
    Photo by MacroPolis

    PoliticsGreek Politics

    (ANEL) has also voiced support this week for Tsipras and possible early elections. Top ANEL official

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  5. Greek Q2 growth of 0.8 pct confounds recession forecasts
    Photo by MacroPolis

    EconomyMacroeconomy

    year, official forecasts saw GDP growth of 2.9 percent in 2015, among the highest growth rates

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  6. Eurogroup approves 3rd bailout for Greece but expects swift, extensive action
    Photo by EU Council via Flickr https://flic.kr/p/gDK7GV

    EconomyProgramme

    level. “Nominal haircuts on official debt cannot be undertaken,” stressed the document. In his press

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  7. These are the bailout deliverables expected from Greece in September

    EconomyProgramme

    of Understanding (MoU) with its official creditors that are due to be implemented by September, i.e.

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  8. Unemployment rate edged up to 25.2 pct in June

    EconomyMacroeconomy

    . The official estimates by the institutions that oversee Greece’s adjustment programme call

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  9. Tsipras bid to focus campaign on corruption issue runs into trouble
    Photo by MacroPolis

    PoliticsGreek Politics

    license and submitted his papers for retirement as soon as he was made a minister. The SYRIZA official

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  10. Overhaul of energy market among tasks looming for government

    EconomyProgramme

    efficiency making best use of EU funds, international official funding and private funding. Moreover

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