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  1. IMF preliminary DSA finds Greek debt unsustainable, points to need for debt relief

    EconomyProgramme

    in May 2014, the IMF had projected debt to GDP ratio at 127.7 percent in 2020 and 117.2 percent in 2022... of Greece fell to less than 1 billion at the end of May against a target of 5 billion in 2015 and 8

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  2. Yes or no, complex political developments lie ahead for Greece
    Photo by MacroPolis

    PoliticsGreek Politics

    he needs broader support for any agreement to be concluded as he may have to turn to opposition... and banking level. If Tsipras refuses to support the creation of a national emergency government, which may

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  3. An impossible choice

    Agora

    are closed and cash is king, then the past five days have been a huge learning curve. But that may only... (coalition) may follow Sunday’s vote. Thus their embrace of the referendum is not a sudden re-evaluation

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  4. Tsipras wins referendum but sceptical lenders, limited time stand in way of deal

    PoliticsGreek Politics

    between German Chancellor Angela Merkel and French President Francois Hollande in Paris on Monday may set... to the drachma. Sunday's "No" vote may also trigger developments at Greece's opposition parties. New Democracy MP

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  5. After 'No' vote, pulling Greek banks back from brink a priority
    Photo by MacroPolis

    Economy

    that this meeting may be delayed. In such a case, the daily withdrawal limit for ATMs would be reduced below 60... are no longer solvent. It is noteworthy that ECB Governing Council may decide with a majority of two-thirds

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  6. Strengthened Tsipras shows willingness for deal with lenders after "No"

    PoliticsGreek Politics

    a difficult relationship with Tsipras, was replaced by Fofi Gennimata as PASOK leader. Tsipras may see.... The prime minister’s efforts may be facilitated by Finance Minister Yanis Varoufakis’s resignation

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  7. What the ECB's latest decision on ELA and collateral haircuts means for Greek banks
    Photo by MacroPolis

    Economy

    . Greek banks disclosed in late May in their Q1 results’ presentations they had unencumbered ELA..., Greek banks may have after today’s haircut a new total of 101 billion (79 billion used, 22 billion

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  8. Unemployment rate slips to 25.6 pct in April, lowest since July 2012

    EconomyMacroeconomy

    for the fourth straight month to 935,934 at the end of May. At the same time, the number of registered... benefit corresponds to 8.9 percent of total in May down from 10.6 percent in April. The number

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  9. Consumer prices drop further by 2.2 pct in June
    Photo by MacroPolis

    EconomyMacroeconomy

    of consumer prices (HICP) fell at half the CPI decrease by 1.1 percent in June from 1.4 percent in May.... On a monthly basis, CPI rose by 0.6 percent month on month (MoM), also reflecting lower prices in May

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  10. Car sales rise by 21.7 pct in June for fifth straight increase above 20 pct
    Photo by MacroPolis

    EconomyMacroeconomy

    Τhe number of road motor vehicles (going into circulation for the first time) rose, albeit at a slower pace, by 21.7 percent in June from 27.9 percent in May, according to the Hellenic Statistical... in the past four years (since May 2011). Passenger cars, up 22.1 percent to 11,040, make up more than 86

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