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  1. Manufacturing PMI moved back into contraction territory in March

    EconomyMacroeconomy

    . Despite a further drop in the manufacturing sector employment, the net rate of job losses

    3%

  2. EU subsidies help push Q1 primary budget surplus to 1.57 bln, well above target

    Economy

    refunds so far in 2014 exceed their target by 356 million. As a result, net revenues to March slipped

    3%

  3. Greek banks' Eurosystem funding falls for third straight month, at lowest since Feb 2010

    EconomyMacroeconomy

    burdened Greek banks’ net interest income (NII) in the second half of 2012, when the bulk

    3%

  4. Manufacturing PMI rises again, reaching 51.1 in April

    EconomyMacroeconomy

    pace, despite a further decline in new export business. Although the net increase in staff was only

    3%

  5. PASOK stakes coalition survival on voters’ fear of uncertainty
    Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]

    PoliticsGreek Politics

    a safety net for PASOK by arguing that the results of the local elections (on May 18 and 25) should

    3%

  6. Central gov't cash deficit shrinks to 1.27 bln in April

    EconomyMacroeconomy

    Greece’s central government net balance to April on a cash basis showed the deficit shrinking to 1.27 billion euros, 4 billion lower than a year earlier, according to the Bank of Greece (BoG). The 4-month primary cash balance turned positive at 1.33 billion from deficit of 2.81 billion

    3%

  7. In the absence of light, darkness grows
    Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]

    Agora

    austerity while ignoring the social safety net, engaging in relentless artificial political

    3%

  8. IMF report sees a number of risks lying ahead for Greece

    EconomyProgramme

    provisions over NPLs) stood at 49 percent, while NPLs net of provisions exceeded the bank’s capital (138

    3%

  9. Greek banks' Eurosystem funding at lowest since Jan 2010; ELA also wiped out

    EconomyMacroeconomy

    ’ net interest income particularly in 2012. A later ECB decision in December 2012 to suspend

    3%

  10. Alpha Bank acquires Citigroup's retail banking unit in Greece
    Photo by MacroPolis

    EconomyBanking

    ) net loans, mainly credit card balances of 0.4 billion c) network of 20 branches with 730 employees

    3%