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Tsipras takes big risk by axing public revenues chief Savvaidou
PoliticsGreek Politicsbreach of duty. One involved her decision ahead of the elections in January to extend by a year
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Sharp increase for Greek bank provisions in Q2 due to capital shortfall highlighted by ECB
EconomyBankingon the back of lower deposit cost, leading core PPI (excluding one-off items) up 1.1 percent QoQ
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NBG reports net losses of 401 mln in Q3, NPL formation accelerates in Greece
EconomyBankingNational Bank (NBG) released its third-quarter (Q3) financial results on Monday, which showed net losses eased to 401 million euros from 1.61 billion in Q2. Bottom-line results reflect almost halving pre-provision income (PPI), a sharp drop in loan provisions and the negative impact from one-offs
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SYRIZA tries to contain impact of ex-minister's grave allegations
PoliticsGreek Politicsin one form or another.
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Marked improvement for budget execution in Oct, primary surplus outperformance extended
EconomyMacroeconomyrevenues stood at just 40 million. In the corresponding period last year, PIB revenues were one-tenth
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Coalition hopes for respite from ex-minister's claims as probes launched
PoliticsGreek Politicsminister adequately from one of the most potentially damaging allegations made by Panousis, which
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Greek stocks on slide for third straight week
EconomyThe Greek stock market headed south for the third straight week, shedding 3.7 percent mainly due to a strong underperformance from banks, while volumes were subdued. The Eurogroup on Monday took stock of the progress made in the discussions of Greek authorities with institutions and gave a one week
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Fitch affirms Greece’s rating, projects GDP to contract 0.3 pct in 2015
EconomyFitch affirmed on Friday evening Greece’s rating at ‘CCC’, where it had been upgraded by one notch on August 18. The rating agency highlights that the risks to the programme remain high and completion of the first review is unlikely before January. In addition, Fitch stresses that the political
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A third of young Greeks would consider emigrating to escape economic problems
Societythe means to pay them. Over three in four Greeks (78 percent) were late paying least one bill late
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Deal with lenders buys coalition more time but not internal calm
PoliticsGreek Politicsis only certain of protecting one in four mortgage holders and runs contrary to SYRIZA’s election
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