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  1. S&P affirms Greece’s rating with stable outlook

    Economy

    and cumulative privatisation proceeds of 2 percent of GDP in the next four years. Under optimistic assumptions... below 2 percent, the rating agency stresses it will take another 17 years before the Greek debt ratio falls below 100 percent. S&P views the last Eurogroup proposal on gross financing needs (GFN) relief

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  2. Report exposes fractured and incomplete response to refugees

    Society

    million euros was allocated for a revised PHILOS 2 project, along with a 400-euro stipend for staff allocated to islands. The 50 million euros came from the Greek government's budget “ thus evading... short of the necessary numbers. At the end of May 2019, there were 100 doctors and other staff

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  3. Newsletter 234 -10/01/2020

    Newsletters

    if it is lowered to 2.5 pct this would create 2 billion euros of extra fiscal space. The primary surplus... euros. Overall, the state budget primary balance showed a rise of 2.89 billion euros, landing at 7.28... corporations came to 4.34 percent in November, up by 2 basis points (bps) from the rate of 4.32 noted

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  4. Newsletter 246 -03/04/2020

    Newsletters

    struggling businesses and workers amid the Covid-19 crisis as this year’s budget comes under further strain... and 100 percent. Applying this methodology across its member countries, the country most affected... conditions could be restored. 2 March PMI drops to 42.5 pts Sharp drop driven by Covid-19 uncertainty

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  5. Honey, I shrunk the Greeks vol. 2

    Agora

    on economic activity, hits the budget and so on and so forth. It is the same cycle that has been repeated

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  6. Credit contraction slows to 2 pct in Dec on net loan additions of 210 mln

    EconomyMacroeconomy

    Greek bank credit contraction slowed to 2 percent in December from 2.2 percent in November, Bank of Greece (BoG) data showed on Friday. The net lending flow turned positive for the first time since June 2015 with net loan additions of 210 million euros in December from deductions of 458 million

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  7. Marginal net losses of 2 mln for Alpha in Q1
    Photo by MacroPolis

    EconomyBanking

    of 22.8 billion, the majority (15.3 billion) relates to loans, 3.5 billion to pillar II bonds, 2

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  8. PMI improves by 2 pts in June to rise above 50-pt mark on higher production, employment

    EconomyMacroeconomy

    Greece’s Manufacturing PMI rose by 2 points to 50.4 in June from 48.4 in May, Markit’s monthly survey showed on Friday. The headline figure for June represents an expansion, albeit marginal, for the first time since last December. It is the highest headline reading since May 2014. The rise

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  9. Credit contraction stays stable at 2 pct in June, net additions for first time this year

    EconomyMacroeconomy

    Greek bank credit contraction remained stable at 2 percent in June, Bank of Greece (BoG) figures showed on Wednesday. The lending flow turned positive for the first time in 2016 with net additions of 479 million euros in June from deductions of 357 million in May. June additions almost fully

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  10. Industrial production up by 2 pct in September

    EconomyMacroeconomy

    Greece’s Industrial Production Index (IPI) increased year-on-year (YoY) by 2 percent in September from a downward revised 1 percent increase in August, Hellenic Statistical Authority (ELSTAT) data revealed on Friday. The latest figure extends the streak of positive months for the index to seven

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