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  1. Greek trade deficit rises by 7.4 pct in June but rate of increase slows

    EconomyMacroeconomy

    After a double-digit rise in the preceding four months, the rate of increase in Greece’s trade deficit decelerated to 7.4 percent in June from 21.9 percent in May, according to the Hellenic..., which was slightly lower than that in May (1.72 billion). The movement in June reflects an increase

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  2. A factional story: When disunity came to visit New Democracy
    Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]

    Agora

    different opinion the next. Also, Tsipras may speak one way to a non-SYRIZA audience and then change his... of forces on Greece’s right. However, in its bid to stave off Tsipras and Co. New Democracy may end up

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  3. Alpha Bank reports H1 profits of 267.4 mln on one-off item
    Photo by MacroPolis

    EconomyBanking

    that Alpha and the other three systemic banks have eliminated ELA funding since May. The bank’s Basel III... for the calculation of capital needs by the ECB in the upcoming stress tests. In addition, the ECB may disclose

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  4. Small but rare rise of 0.4 pct for Greek retail turnover in June
    Photo by MacroPolis

    EconomyMacroeconomy

    The turnover of Greece’s retail trade index rebounded 0.4 percent year on year (YoY) in June after falling by a revised 8.3 percent in May, according to the Hellenic Statistical Agency (ELSTAT). Retail volume showed a higher increase at 3.8 percent in June from a drop of 3.6 percent recorded in May

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  5. Piraeus Bank reports net profit of 164.3 mln in Q2
    Photo by MacroPolis

    EconomyBanking

    figures indicated that around 30 percent of restructured loans may become NPLs. Despite lower provisions... Bank funding is comprised exclusively by ECB funding, as ELA reliance was eliminated since May

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  6. Samaras seeks late summer boost from talks with troika in Paris
    Photo by Taylor Miles via Flickr https://flic.kr/p/2AwnCQ

    PoliticsGreek Politics

    and European elections in May showed that confidence in the government is slipping and the coalition feels... major overhaul of the pension system is due before the end of the year and the coalition may have

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  7. Greek primary cash surplus widens to 3.2 bln in 7-month
    Photo by MacroPolis

    EconomyMacroeconomy

    in July - and redemptions of 11.2 billion, of which 9.4 billion took place in May. The amount of short.... This development follows Greek bank’s zero reliance on ELA funding as of May. b) A decline in bank support scheme

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  8. PASOK marks 40th anniversary by baring its split personality

    PoliticsGreek Politics

    ’s better than expected showing as part of the centre-left Olive Tree alliance in May’s European... the Olive Tree won in May provided a basis for this, albeit with plenty of work still left

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  9. PASOK's growing internal strife hampering Greek coalition
    Photo by MacroPolis

    PoliticsGreek Politics

    Since the damaging result of the European Parliament elections in May, a sense of dread appears to have gripped the coalition, leading to tension and differences of opinion. This is most evident from... many expected in May, it still only garnered a paltry 8.1 percent as part of the centre-left Olive

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  10. Samaras hopes for Merkel fillip as gloom grips Greek coalition

    PoliticsGreek Politics

    of a no-go territory for the New Democracy-PASOK administration. Samaras’s trip to Berlin may be one... the backing of 180 out of 300 MPs, he may feel that his best option would be to call snap elections rather

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