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Eurosystem funding decline picks up pace to 3.26 bln in April
EconomyMacroeconomy. In the first four months of the year, Eurosystem funding has fallen by approximately 12.09 billion... funding has increased. In recent months, ELA funding has been steadily falling, with the latest reduction.... Since a peak of 126.57 billion in June 2015, Eurosystem funding to Greek banks has steadily declined
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Tsipras moves forward with name talks as domestic balance comes into focus
PoliticsGreek Politicsfurther discussions in our countries,” Zaev added. He emphasised that along with Tsipras, he has... turbulent political phase in Greece, where New Democracy has criticised Tsipras’s approach.... Following the two large protests against a deal in Athens and Thessaloniki, Tsipras has shown that he
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Fiscal issues appear settled as Greece and institutions head for review deal
EconomyProgramme-level agreement on May 24. A senior Greek official told the local media on Thursday that it has been... percent. It appears that the IMF has now backed down from its previous position and, according... will also be pleased that it has the apparent all-clear for the counter-measures, which are aimed
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Greece and creditors reach SLA - legislation of reforms and debt relief talks next
EconomyProgrammeon some issues. He did not give further details. Tsakalotos accepted that Athens now has to move... process by around June 15. The coalition also has to submit to Parliament the 2019-2022 Medium-term Fiscal Strategy, which has been made easier by the fact that the creditors apparently accept
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Despite fresh uncertainty, Tsipras insists focus is on four-year term
PoliticsGreek PoliticsPrime Minister Alexis Tsipras has again insisted he has no intention of calling snap elections..., the idea of SYRIZA holding on until next year has been brought into question again by developments... volition. Only pressure from the creditors on this subject could lead to Tsipras yielding. He has made
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Retail sales up by 1.2 pct in March on higher activity in dept stores, clothing
EconomyMacroeconomy(ELSTAT) on Thursday. The headline index has been growing in three out of the last four months that data has been available. February was the only negative reading since November. The corresponding volume... a brake on the ongoing recovery in retail confidence, which has been improving steadily since
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Tsipras waits on name issue and debt talks, Mitsotakis pledges tax cuts for tourism
PoliticsGreek Politicsbelieves it has an “agreement in principle” with Athens but Tsipras’s office insisted that no deal has... the eurozone lenders will put together since the Fund has been one of the strongest advocates.... Mitsotakis New Democracy leader Kyriakos Mitsotakis has continued to emphasise his plans for cutting
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Unemployment at 20.1 percent in March
EconomyMacroeconomy, the figure for those employed has risen by 74,890. Total employment remained above 3.7 million... has fallen by 101,576. The unemployed figure remains consistently below the million mark, standing... among women fell by 1.8 percentage points (pps) from last year to 25 percent. This figure has been
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What GDPR compliance means for businesses and consumers
Legalstrategic plans without jeopardising their integrity. Particularly, each company has to conduct... has access to them and who will be notified/forwarded, whether the subject has consented... ecosystem in the years to come. In the aforementioned context, it has become absolutely necessary
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Multi-bill passed, sub-tranche released but debt relief expectations dwindling
EconomyProgrammefor the last few weeks after being satisfied that Athens has met the targets that had been set... has committed to paying off all its debts to suppliers and making all tax refunds by the end... lenders. It has already become clear that the eurozone is not going to offer the kind
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