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  1. ELSTAT publishes data on bankruptcies since 2004, showing deterioration during crisis

    Economy

    in 2010-2014, 2.2 times higher than the respective figure in 2004-2009. Moreover, the average... in 2010-14, 1.8 times higher than the average figure in the preceding years. In 2014 in particular

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  2. Greece treads carefully, hoping to avoid blowback from failed coup in Turkey
    Photo by Ardac via Flickr https://flic.kr/p/oY8HxB

    PoliticsForeign Policy

    Like so many countries across the world, Greece viewed the failed coup in Turkey with surprise and concern, although Athens has more reason than most to be wary of what ramifications the botched... tone with respect to Greece than Foreign Minister Mevlut Cavusoglu had done in the wake of the news

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  3. The cat is out of the bag: Europe's politics is a mess

    Agora

    be overturned? An appeal to your successor to tread carefully and look further ahead than you did? No, you... that pursuing a different economic policy is easier said than done. This week, the European Commission

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  4. Sallas exit from Piraeus marks end of era in Greek banking sector
    Photo by MacroPolis

    EconomyBanking

    of 678 units, around 70 branches more than its closest rival, Alpha. Following the latest... at 7.8 billion, while it employed more than 19,250 staff. It should be noted that following

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  5. Greek expats generating 9.1 bln in taxes abroad each year, study suggests
    Photo by MacroPolis

    Society

    estimates that Greek expats have generated a total of more than 50 billion euros of GDP in their new countries since 2008. In addition, the Greek state is estimated to have invested more than 8 billion

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  6. S&P affirms Greece’s rating with stable outlook

    Economy

    notches above that of Moody’s (‘Caa3’ set on July 1, 2015) and two notches higher than Fitch (‘CCC... of the Greek population pays around 60 percent of taxes, while more than half of wage and pension earners

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  7. Decline in retail sales accelerates to 8 pct in May
    Photo by MacroPolis

    EconomyMacroeconomy

    a precipitous fall since its peak in 2008, having lost more than 45 points, a fall in excess of 40..., with only a few exceptions. Sales of furniture and household equipment have tumbled by more than 60

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  8. Minor uptick in time deposit and average loan interest rate in June

    EconomyMacroeconomy

    low it recorded in May and stands almost 30 bps higher than the eurozone average rate of 0.57 percent... low since Greece’s euro accession in 2002. Loans Corporate loan rates for amounts less than 1 million

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  9. Bank of Greece publishes revised Code of Conduct for management of NPLs
    Photo by MacroPolis

    EconomyMacroeconomy

    Bank of Greece published on Tuesday evening the revised Code of Conduct for the management of non-performing loans (NPLs) held by individuals and very small businesses (with turnover less than 1... below interest only and grace period. Longer term (higher than 2 years) settlements, taking

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  10. Majority of Greeks now view EU in bad light, survey indicates

    Society

    concerned about the economic situation in the EU than citizens in all other EU countries are about... currency still enjoys more Greek backing than the EU average of 55 percent.

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