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Encouraging signs for Greek banks in Q1 results but NPL management looms large
Agorapool has been trimmed by 7 billion euros QoQ to 110.6 billion, while their liquidity buffer has been... a total amount of deferred tax asset (DTA) of 19.48 billion euros, making up 69 percent of TE. Alpha has... has by far the highest TE of 8.51 billion as well as the highest market cap of 3.32 billion (third
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Labour laws already emerging as key issue for next bailout review
PoliticsGreek PoliticsEven though the first review of Greece’s third bailout has barely concluded, attention is already... explained on Monday, the government has a considerable list of prior actions it has to complete... last summer, the government has to conduct a “consultation process led by a group of independent
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Tsipras aims for new alliances and EU changes after Brexit
PoliticsForeign Policyin the wake of developments in the UK were not particularly encouraging. Italy has apparently been... Schaeuble has reportedly drawn up a post-Brexit plan that envisages stricter budget rules. Athens... that the EU has to adjust quickly or face the emergence of more division within its ranks. However, he also
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Marinopoulos travails point to wider difficulties for supermarket sector
EconomyFeaturesas no surprise to anyone who has visited the chain’s stores in the last few months. Disputes with unpaid... in terms of stores, the country was their only loss-maker in 2011. The Greek economic crisis has also... in the ensuing years. Greece’s supermarket sector has been in steady decline since the start of the economic
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Athens takes Turkish foreign policy pivot in its stride, sticks to Egypt, Israel goal
PoliticsForeign Policysince last November. For Greek diplomats these moves suggested at first glance that Turkey has decided to take a more pragmatic stance in its foreign policy approach. The Greek side has long been aware... to Turkish security, Greece has been expecting Ankara to change its stance and seek to restore relations
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Coalition tweaks draft electoral law in hope of clinching supermajority
PoliticsGreek PoliticsThe government has tweaked the electoral reform bill, hoping that a minor change will increase its... that the change would be effective immediately but the coalition has now cleared up any doubts. Should... votes, the Union of Centrists another 9 and KKE 15, taking the total to 177. Golden Dawn, which has
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Greece treads carefully, hoping to avoid blowback from failed coup in Turkey
PoliticsForeign Policyand concern, although Athens has more reason than most to be wary of what ramifications the botched... Tayyip Erdogan in the wake of the failed coup but on the other has to be careful not to allow... position has been that the eight officers were involved in an attempt against the democratically
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Unpopular but effective property tax returns for another year
EconomyMacroeconomyThe single property tax (ENFIA) has become one of the most contentious taxes in Greece, adding a notable burden to Greek households since its launch in 2014. However, ENFIA has a relatively high... of personal income tax forms (E1) clearance, the process for the calculation of ENFIA has started
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Thinking outside of the box
Agoralicenses in Greece’s digital network was one trigger for this discussion. This process has been... the late 1980s, when private broadcasting first emerged in Greece. Since then, no proper tender has.... This suspicion about the relationship between the media, big business and the political system has
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Can Greece learn to love renewable energy?
EconomyFeaturesGreece is one of the most fossil-fuel dependent countries in the European Union, and has struggled... to be on every Athenian rooftop, you could be left with the impression that Greece has fully embraced renewable... to exploiting this potential has so far been lacking. In the 1990s, a support scheme for renewable energy
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