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Mining drives growth of 0.5 pct YoY in industrial production for June
EconomyMacroeconomyand employment. Greek manufacturing growth slowed, with new orders increasing at their weakest rate since... since mid-2023. Month-on-month (MoM), the seasonally adjusted index in May recorded a 3.2 percent
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Newsletter 259 -24/07/2020
this year After days of difficult negotiations in Brussels, the Greek government found out late on Monday... and will be directly linked to the impact that these funds can have on the Greek economy. The next...) produced its latest outlook, underlining the difficulties facing the Greek economy, and how necessary
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Migrant arrivals to measure impact of return scheme launched on Monday
PoliticsGreek Politicsto Turkey with the help of the EU border protection agency Frontex. It seems that the Greek government... and more hirings are made at the Greek asylum service. The legislation passed by the Greek Parliament... that the arrivals in the 24 hours before the deportations began, as well as the number of migrants reaching Greece
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Words will always hurt
Agorato appeal to the devil inside us rather than the better angels of our nature. It is a feature of Greek... tsunami, traitor, junta, genocide and extremist are uttered by mainstream Greek politicians on both... percent of public spending was left off the books and the amount the country owed quadrupled during
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SYRIZA's bid to force elections by early 2015 will be a close-run thing
PoliticsGreek PoliticsGreek Prime Minister Antonis Samaras pledged on Wednesday during his speech at the European... until 2016. SYRIZA, however, has different ideas. Speaking in the Greek Parliament on Friday, SYRIZA... look at how the numbers stack up in Greek Parliament indicates that it would be a very close run
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Piraeus Bank reports loss of 247 mln for Q1
EconomyBankingPiraeus Bank concluded the first quarter (Q1) reporting season for Greek banks by posting a net... of several one-off items and impairments on other assets. It is noteworthy that the bank consolidated.... Piraeus is the only Greek bank that posted a quarterly increase in NII. Cost containment also reflects
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Greece's new finance minister lines up for a marathon (and several short sprints)
PoliticsGreek Politicsby surprise but the big challenges awaiting him are no secret. Hardouvelis’s appointment caught many off... of Understanding with the troika and executing the haircut on private sector holders of Greek bonds (PSI). He... in deciding the sustainability of Greek debt, the outcome of negotiations will also affect fiscal
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Drop ‘til you shop
Agoraand 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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What would a clean bailout exit for Greece mean in numbers?
Agoralargest 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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Eurobank reports loss of 186.6 mln in Q3
EconomyBankingin 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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