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Bank recap and NPL management create conundrum in bailout talks
EconomyGreek banks’ possible capital needs. In addition, a total envelope of up to 25 billion euros would... of the new bail-in directive - effective as of January 1, 2016 – that paves the way for a haircut
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Labour cost fall has not produced jobs, bemoans GSEE in study
Societypercent of part-time work was involuntary. It also noted that of the 1 million jobs lost during..., with these three sectors representing 68 percent of the total jobs losses. It also said the purchasing
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Assessing the health of Greek banks' loan portfolios
EconomyBankingby 1.94 billion euros in the 7-month period reaching a total of 41.12 billion at the end of July... around 1 billion higher than the lowest reading of 775 million posted in 2013. Over the past 7.5
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Tsipras confounds expectations, creates new doubts by reviving coalition
PoliticsGreek Politicsdifference was a surprise, as was the fact that SYRIZA saw its January support drop by less than 1... is due to get 145 seats and Independent Greeks another 10. In January, the same two parties had a total
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Portuguese election: Where those who lost may decide
Agorarate in Portugal will drop this year almost 1 point compared to April estimates, although growth... Party (PS) played its role in the defeat (although gaining 12 seats, taking its total to 85
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Industrial turnover dives 18.3 pct in Aug for highest drop in almost 5 years
EconomyMacroeconomythough that the latter makes up just a fraction of the total industrial turnover with a negligible... and 24.9 percent respectively, while intermediate goods turnover eased by 1 percent. In contrast
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Industrial production back on downward trajectory with 1.9 pct drop in Oct
EconomyMacroeconomy), which makes up just a fraction of the total index. Manufacturing and electricity production decreased...) and intermediate goods (-1 percent). Consumer non-durables was the only grouping displaying a marginal rise
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Marked rise in expenditure leads to a budget primary deficit in Nov
Economyfar this year, and stands almost 1 billion above the monthly target. As a result, the year to date... percent YoY to 5.58 billion slightly below target of 5.65 billion. Overall, total expenditure decreased
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Piraeus port privatisation moves a step closer
EconomyBanking. The agreement, which has been effective from October 1, 2009, involved the management of OLP’s Piers II... for investments of 300-350 million in OLP over the next five years. OLP total market value in the Athens
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Greek labour market recorded in 2015 second highest net hirings since 2001
EconomyMacroeconomyto 1 million and a higher increase of 20.4 percent in voluntary departures to 705,000. The hirings..., pointing to net departures of 58,072. Ergani data showed 44.5 percent of the total gross hirings in 2015
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