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  1. Recovery of farming subsidies threatens to widen Greek fiscal gap

    Economy

    One day after the completion of the troika’s discussions with the Greek authorities, ahead of the next review due in the second half of September, local media indicate that a European Court of Justice (ECJ) decision may cause a fiscal gap of 600 million euros. This ECJ decision relates to two

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  2. Coalition caught between pleasing lenders and voters ahead of next troika review
    Photo by Harry van Versendaal

    PoliticsGreek Politics

    Parliament elections in May, when the centre-left Olive Tree alliance got just 8 percent of the vote, PASOK

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  3. EU Task Force sees progress on reforms and structural funds in Greece

    EconomyProgramme

    (IfG) last December, the report acknowledges that an IfG Debt-Sub-Fund for SMEs was set up in May

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  4. Drop in Greek industrial production accelerates in June, falling by 6.7 pct

    EconomyMacroeconomy

    The Greek Industrial Production Index (IPI) fell 6.7 percent in June at an accelerating pace compared to the 0.9 percent drop posted in May, according to the Hellenic Statistical Authority (ELSTAT). This is the fifth negative reading in 2014 and the fifteenth over the past 18 months. Note

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  5. Greek deposits inch up again in June, reaching 163.21 bln

    EconomyMacroeconomy

    Greek private sector deposits increased 0.7 percent month on month (MoM) in June, with balances rising for the fourth straight month and reaching 163.21 billion euros, according to the Bank of Greece (BoG). Monthly net inflows more than doubled to 1.22 billion euros in June from 558 million in May

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  6. Stress mounts ahead of ECB's tests on Greek banks
    Photo by MacroPolis

    Economy

    at the meeting. The Greek finance minister was cited stressing that, if adopted, two assumptions that may

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  7. Moody's upgrades Greek rating by two notches to Caa1 - here's why

    Economy

    Moody’s upgraded Greece’s government bond rating by two notches on Friday, raising it to Caa1 from Caa3, where it had been placed on November 29, 2013. The outlook on the rating is stable. This is Greece’s second rating upgrade, following that Fitch’s decision to increase it by one notch on May 23

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  8. BoG charts how crisis has affected private sector employment

    Economy

    moving upwards since early 2013 and from May 2013 has risen month on month. At the end of November 2013

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  9. Multi-bill passes but coalition's relationship with armed forces and police sours further

    PoliticsForeign Policy

    A multi-bill of reforms that took the government some time to pull together was passed through Parliament with relatively little fuss on Wednesday but the government may face more serious consequences when some of the law’s provisions start to take effect. Fifty coalition MPs voted in favour

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  10. In bid to polish SYRIZA's image, Tsipras visits Mount Athos monks
    Photo by MacroPolis

    PoliticsGreek Politics

    a visit to Moscow in May amid the escalating crisis. However, there is also a political pragmatism

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