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  1. Historic victory for SYRIZA in EU vote unlikely to dislodge Greek coalition
    Photo by MacroPolis

    PoliticsGreek Politics

    opposition party could point to the fact that New Democracy and PASOK (Elia) saw their share of the vote drop... in Greece’s 13 districts came out on top. This goes only part of the way, though, towards making up

    6%
  2. Budget execution shows primary surplus of 711 mln, 503 mln ahead of target

    EconomyMacroeconomy

    in April), which led the 5-month figure up 4 percent to 18.57 billion. In addition, the strong revenue... billion dragged by higher tax refunds. The drop in primary expenditure accelerated in May to -3.3

    6%
  3. Greek PMI falls to 49.4 in June, lowest since November 2013

    EconomyMacroeconomy

    ticked up to a 10-month high, but factory gate prices continued to fall. The rate of growth... the output growth was sustained in June mainly through progress on outstanding business, the rate of drop

    6%
  4. After landmark return in April, Greece prepares to tap bond markets again
    Photo by MacroPolis

    Economy

    maturities. Bond issues with 3- to 7-year maturity would build up the yield curve. The first issue had... drop of T-Bill yields within 2014. Following a reduction by just 23 bps in 2013, the yield

    6%
  5. Greece prepares for a 3-year benchmark bond issue
    Photo by Can Esenbel [http://www.mundanepleasure.com/]

    Economy

    would help to build up the yield curve. It also aims to take advantage of the current low interest rates... at a yield of 2.05 percent, down 10 basis points from last month’s auction. The cumulative drop

    6%
  6. Greek primary budget surplus reaches 712 mln in first half of 2014

    Economy

    increase in May. The year to date figure stood at 22.21 billion euros, up 3.9 percent. The revenue... cumulative tax debt stood at 66.37 billion at the end of May. Despite a month on month drop in tax

    6%
  7. NPLs: The Achilles heel of the Greek banking system

    Agora

    Adjustment Program, the European Commission (EC) came up with a higher number of the total NPL ratio... drop within 2013. The BoG figure indicates a 8.5 pp increase. Similarly, housing loan NPL is seen

    6%
  8. Central gov't primary cash surplus reaches 1.37 billion in first half of year

    EconomyMacroeconomy

    , the underlying figure settles at 20.6 billion, up 1.6 percent. In the 5-month period, the respective figure... a single-digit drop of 6.5 percent to 23.44 billion. The respective 5-month budget figure stood

    6%
  9. Most Greeks saw income fall over last year, limiting purchasing power
    Photo by MacroPolis

    Society

    quarter, a third of salary earners say they have seen their income drop further. In most cases (82... and beverages remains at high levels, at 24 to 43 percent. In contrast, up to 18 percent declared

    6%
  10. Greece to recover at least 30 of 50 bln it borrowed to bail out banks, says HFSF chief

    EconomyBanking

    newspaper in an interview published on Sunday. The HFSF’s original paid-up capital stands at 49.7 billion... according to the fund’s Q1 2014 financial statements. The drop of the value of HFSF shareholdings

    6%