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  1. Eurosystem funding drops by another 3.9 bln in May, ELA down 2.1 bln
    Photos by Dennis Skley via Flickr https://flic.kr/p/qcppmH

    EconomyMacroeconomy

    last June, with more than two-thirds related to a reduction in ELA funding. The decline.... However, they still stand more than 17 billion euros above the level of 30.14 billion of November 2014

    3%

  2. Mangling the truth

    Agora

    that there was a possibility of an opinion being issued on the same day, rather than in a new session on Friday... to bypass the Bundestag and get the all clear from the finance committee rather than put the matter

    3%

  3. BoG cautions on impact of tax rises, updates on rising NPEs
    Photo by MacroPolis

    EconomyMacroeconomy

    exposure (NPE) ratio increased at a higher pace compared to the NPL ratio rising by more than 4 percentage... for just 6 percent of NPEs. The BoG highlights that the NPE coverage ratio improved by more than 6

    3%

  4. Hirings outpace job departures by 76,591 in May for fourth positive monthly balance in a row
    Photo by MacroPolis

    EconomyMacroeconomy

    , the majority (more than 51 percent) of May hirings involve full-time employment, around 36 percent... respectively in the course of this year with more than 52 percent of departures involving layoffs. Almost half

    3%

  5. Unemployment up for second straight quarter to 24.9 pct in Q1
    Photo by MacroPolis

    EconomyMacroeconomy

    for the second straight quarter by more than 1 pp quarter on quarter (QoQ) to 21.1 percent in Q1 from 22.6 percent in Q4. Meanwhile, the number of long-term (more than 1 year) unemployed fell to 839,800

    3%

  6. In updated DSA, EC sees Greek debt as unsustainable if no relief measures implemented
    Photo by Sebastien Bertrand via Flickr https://flic.kr/p/7ZRenG

    EconomyProgramme

    at 176.9 percent in 2015, almost 20 percentage points (pp) lower than the 196.3 percent projected... recapitalisation is foreseen, while is assumed that more than three-quarters of the 5.4 billion used as state

    3%

  7. SYRIZA to suggest switch to proportional representation, schedules congress for Oct
    Photo by MacroPolis

    PoliticsGreek Politics

    A meeting of SYRIZA’s central committee over the weekend resulted in the party agreeing to hold its congress in mid-October, substantially later than initially scheduled. Originally, the gathering... of the republic to be elected by the people rather than Parliament. The Public Issue poll found

    3%

  8. From Berlin to Brexit
    Photo by MacroPolis

    Agora

    in appealing to people’s emotions than Remain, which struggled between highlighting the potential... to improve by offering more than just scorn. In other words, that what we have might be just “for now

    3%

  9. Retail sales down 3.9 pct in April for eleventh successive month

    EconomyMacroeconomy

    The turnover of Greece’s retail trade index fell by 3.9 percent in April marginally slower than the revised 4 percent drop in March, Hellenic Statistical Agency (ELSTAT) figures displayed on Thursday... respectively in April after rebounding by more than 2.5 percent each in March. Over the last six

    3%

  10. Greek stocks rebound 1.9 pct during week but fail to match European markets
    Photo via www.helex.com

    Economy

    . However, the domestic market performed worse than the main European markets, which almost erased... percent this week following a fall of 17.9 percent last week. The have lost more than 37 percent

    3%