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  1. Significant post-election economic challenges await Greek coalition

    Economy

    at 5.2 billion and is seen as a drain on market liquidity. Restoring growth GDP contracted 1.1 percent... to be achieved GDP needs to grow by 1.1 percent in each of the next three quarters. This would require

    4%
  2. Q2 GDP contraction at 0.3 pct, strong Q3 needed to achieve target of annual growth
    Photo by MacroPolis

    EconomyMacroeconomy

    Greek non-seasonally-adjusted GDP contracted 0.3 percent year on year (YoY) in the second quarter (Q2) of 2014 from -1.1 percent in Q1, according to the provisional data published by the Hellenic... prices fell 2.2 percent in H1, while the respective figure in real terms rose by 1.1 percent

    4%
  3. Greek trade deficit widens by 29.4 pct in July as import rate soars

    EconomyMacroeconomy

    last year. The evolution in July reflects a slight drop in exports by 1.1 percent and an increase... by a modest 1.1 percent, while the respective figure from non-EU countries grew by 19.6 percent

    4%
  4. August sees third Greek C/A surplus in a row, reaching 1.82 bln
    Photo by MacroPolis

    EconomyMacroeconomy

    to the end-July figure. This showed a net inflow of 1.1 billion, while residents’ direct investment.... As a result, the year to date figure turned to a net outflow of 1.1 billion in the 8-month period

    4%
  5. Review completion and SMP redemptions will decide Greece's QE eligibility
    Photo by MacroPolis

    EconomyProgramme

    As expected, ECB President Mario Draghi announced on Thursday a Quantitative Easing (QE) programme which involves an expanded asset purchase programme up to 1.1 trillion euros. The programme starts... by NB at 1.1 billion. Piraeus has the smallest GGB exposure at 0.5 billion. The ECB decided

    4%
  6. Unemployment rate at 25.7 pct in Jan, lowest since Aug 2012

    EconomyMacroeconomy

    reflects a 1.1 percent month on month (MoM) drop in the number of unemployed. The employed marginally... of employed for the second successive month to 1.1 percent in January from 1.5 percent in December

    4%
  7. A closer look at Greece's revised proposals to lenders

    EconomyProgramme

    (versus targets) of 1.1 percent for 2015 and 1.9 percent for 2016 emerged. For this shortfall to be covered, the government proposed thirteen “parametric” measures worth 2 billion euros for 2015 (1.1

    4%
  8. Sharp drop of 4.2 pct in Greek industrial turnover in May

    EconomyMacroeconomy

    for intermediate goods, consumer durables and consumer non-durables increased by 3, 2.5 and 1.1 percent...’s Manufacturing PMI eased by 1.1 points to 46.9 points in June, indicating the second lowest

    4%
  9. Banks' trading updates show slight improvement in core pre-provision income, deceleration in NPL formation
    Photo by MacroPolis

    Economy

    to corporate loans. Eurobank NII rebounded 1.1 percent QoQ to 377.9 million largely led by lower... trading and other income minus expenses) slightly improved by 1.1 percent QoQ to 204 million. Gross

    4%
  10. Notable increase in grants to social security sector leads to budget primary deficit in Nov

    Economy

    largely due to a drop in VAT revenues by 1.1 percent, while consumption taxes marginally improved... year includes seasonal revenues such as road tax fees targeted at 1.1 billion, the annual revenue

    4%