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  1. Drop ‘til you shop
    Photo by MacroPolis

    Agora

    and that they lose their day off. There is also a political dimension (the opposition parties are against..., though, the Greek experience appears to be different. Only 6 percent of 227 retail stores in Athens and Thessaloniki surveyed by the National Confederation of Greek Commerce (ESEE) described Sunday

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  2. What would a clean bailout exit for Greece mean in numbers?

    Agora

    largest creditor. As part of the SMP program it accumulated more than 55 billion euros of Greek... of the year the debt to the IMF will represent 16.9 percent of Greek GDP. Irrespective of what happens... to have a sizeable impact on the budget. Bilateral loans The loans of the first program, aka Greek

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  3. Eurobank reports loss of 186.6 mln in Q3
    Photo by MacroPolis

    EconomyBanking

    in Q2. This quarter’s results incorporate a one-off positive impact of 168.1 million fully attributed... (NIM) improved by 4 basis points (bps) QoQ to 2.04 percent mainly stemming from the Greek.... Cost to income ratio improved to 54.3 percent for the group and to 55.1 percent for the Greek

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  4. Piraeus Bank posts net loss of 1.56 bln in Q3
    Photo by MacroPolis

    EconomyBanking

    (excluding trading income and one-off costs) rose 11 percent quarter on quarter (QoQ) and 37 percent... is fully attributed to Greek operations and mainly stem from higher deposit NII reflecting a further... deriving from the rationalisation of the Greek headcount and footprint. In particular, the number

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  5. Tsipras remains sketchy on coalition options, negotiating positions
    Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]

    PoliticsGreek Politics

    , that the European Central Bank would not cut off Greek lenders from cheap financing if Greece... in an interview with Sunday’s Kathimerini as Greek banks would have to borrow under the more expensive Emergency Liquidity Assistance (ELA) scheme. “Today Greek banks refinance their loans from the Eurosystem

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  6. The bad hand being dealt to Greece's next government

    Agora

    declared: “Greece is back.” It was not the first time the Greek premier argued that the country had...” comment, the same prime minister is arguing that his country “is very close to take-off but very... for the talks being inconclusive. When Greek officials met with troika representatives in Paris

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  7. Where next for Greece's troubled privatisation programme under SYRIZA?

    Economy

    Greek privatisations are expected to be one of the subjects discussed at Monday’s Eurogroup... from privatisations are earmarked for paying off Greece’s debt and play a key role... Greek Finance Minister Yanis Varoufakis sent to Eurogroup on February 23, Greece committed

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  8. Tsipras goes to Brussels with opposition's backing, parameters of agreement

    PoliticsGreek Politics

    demand included in the leaders’ statement appears to take the pressure off the Greek prime minister... seeking the “start of a meaningful discussion” on making Greek debt sustainable. This sets the bar... Fund’s assertion that Greek debt is now unsustainable in even the best-case scenario

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  9. Some snags remain in discussion with lenders over new privatisation scheme

    EconomyProgramme

    for there to be an agreement on a new 3-year bailout programme. Following the meeting, the Greek Finance Minister Euclid... but that there was not any material disagreement. According to the Euro Summit statement of July 12, “valuable Greek... years to significant delays in the sell-off process. However, a new issue that would arise relates

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  10. Loose ends to tie up on prior actions as lenders head back to Athens

    PoliticsGreek Politics

    ’ first task will be to check how much progress the Greek government has made in completing the 49 prior... to take place at the end of November, or even December. The Greek government is also expected to table..., and to publicly call for Greek debt relief. Hollande is due to become one of the few international leaders

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