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  1. Mission chiefs take up negotiations in Athens but focus on IMF's decision
    Photo by George Vitsaras/Fosphotos

    EconomyProgramme

    of a staff-level agreement (SLA) being reached ahead of the May 24 Eurogroup. Reports in the Greek... to be clarity by the May 24 Eurogroup. “Time is running out but if there is an agreement at the Eurogroup meeting in May then there will be enough time for us to activate the programme,” he said. “But we

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  2. Report on PPC’s viability ruffles feathers and shakes share price
    Image via www.dei.gr

    EconomyFeatures

    on Friday May 11. Their closing price on the following Monday reflected a drop of 9.5 percent, which... euros on Tuesday May 15, a decline of around 24 percent compared to their closing price on the first day of trading for the month, May 2, when the share price stood at 2.7340. New Democracy’s head

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  3. Whether an "early" or "clean" exit, it's the same old story for Greece

    Agora

    a certain win for New Democracy in the next elections but it may help restore his reputation... emphasises that the Greek prime minister may be ignoring the pitfalls ahead because it does not suit... of doubt regarding the future sustainability of Greek debt that may lead to higher borrowing costs

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  4. More debt talks lined up but chances of IMF departure growing
    Photo via Fosphotos

    EconomyProgramme

    to funding needs not exceeding 15 percent of GDP. Fiscal measures There may be some within the Greek... capacity, Athens may be able to convince the European lenders that the fiscal measures demanded by the Fund... discussion at the moment but other government officials have suggested that this may change in the near

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  5. Eurogroup marks end of cycle and squaring of circle for Greece
    Photo via Fosphotos

    Agora

    for the parameters of the measures that are going to be deployed were in May 2016 and June of last year... relief measures that were agreed in May 2016. After a French proposal, the only addition was a mechanism... is that this contingency mechanism will shape up as was initially planned in May 2016 when eurozone finance

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  6. Eurosystem funding falls by 4.56 bln in June to 16.31 bln
    Photos by Dennis Skley via Flickr https://flic.kr/p/qcppmH

    EconomyMacroeconomy

    -on-month (MoM), the Bank of Greece's (BoG) monthly financial statement has revealed. In May, the MoM... bank funding to 16.31 billion euros for the month compared to May’s total of 20.87 billion, taking... billion euros, while that for the ECB fell by 2.24 billion after having increased by 60 million in May

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  7. Budget primary surplus at 617 mln in June as expenditure continues to fall below target
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    revenues increased by 1.1 percent year-on-year (YoY) to 3.73 billion, rising against May’s figure... expenditure rose to 4.28 billion for the month of June, higher than the figure of 3.43 billion in May... PIB revenues increased to 126 million in June from 30 million in May, above target by 42 million

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  8. Deposits inflows in June reach 1.36 bln for fifth month of positive readings
    Photo by MacroPolis

    EconomyMacroeconomy

    in June, building on inflows of 919.4 million in May, Bank of Greece (BoG) figures revealed... million, reversing the decline of 104.1 million noted in May. For the first six months of the year, flows... to 16.31 billion, dropping notably from May’s total of 20.87 billion.

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  9. Is a lack of spending hampering Greece's firefighting capabilities?

    Society

    may surprise austerity critics. Total expenditure on fire protection (an aggregate figure combining... squeezes may have played a part in the tragic events at Mati, but their role was probably marginal... than assumed, and it may be that we should look more closely at how municipal funds were allocated

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  10. Retail turnover in June grows strongly led by fuel and supermarket sales
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    percent rise in May, Hellenic Statistical Authority (ELSTAT) data showed on Friday. The headline index... down 4.2 percent growth in May. As with the sales index, February has been the only month this year... to 74.4 from 74.1 in May, while volumes stayed flat at 73.2. The latest business indicators for August

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