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  1. Piraeus Bank posts net loss of 232 mln in Q1 due to Covid-19 impact
    Image via www.piraeusbankgroup.com

    EconomyBanking

    billion in Q1 and further to 46.4 billion in May. Private sector deposits increased by 1.3 billion up to late May. The liquidity coverage ratio stood at 131 percent in Q1 and the net loans to deposits

    2%

  2. Return to school marked by protests over education bill
    Photo by MacroPolis

    PoliticsGreek Politics

    -opening of high schools, which started in mid-May, primary and kindergarten pupils returned to school... insights that may have been garnered during the pandemic are largely ignored both in the legislation

    2%

  3. PM declares tourism season open, rules out new lockdown
    Photo via www.primeminister.gr

    PoliticsGreek Politics

    a nationwide lockdown to be needed again in the future. “We may close a school… a residential block... returned to the country during the coronavirus outbreak because they felt safer than being abroad may

    2%

  4. Industrial turnover drops by 35.4 pct in April, hitting series low
    Image via www.viohalco.com

    EconomyMacroeconomy

    and refined petroleum products which holds the highest weighting in the index. In other indicators, May’s...’s economic sentiment figures for May, industry confidence fell by 9.8 points month-on-month to stand

    2%

  5. Multiple fronts and falling revenues pose pensions challenge for government
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyFeatures

    the same period coming to 380 million euros per month. The May deficit has dropped to 197 million... is that the CoS ruling will cover back pay for the 11 months between June 2015 and May 2016, but only

    2%

  6. EC trims 2020 recession forecast to 9 pct, but 2021 recovery also slashed

    EconomyMacroeconomy

    The European Commission slightly revised its forecasts for Greece in the interim Summer forecast released on Tuesday, compared to the Spring forecasts that were released at the beginning of May... contraction now seen a full percentage point higher at 8.7 pct, from 7.7 pct in May. The EU recession

    2%

  7. Approval of street protest law a potential source of political tumult
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    administration. However, the legislation may end up causing more turmoil on opposition benches... the figure had fallen to 44 pct. It had peaked at 78 pct in May. Overall though, the survey is likely

    2%

  8. Court ruling on pension backpay creates dilemma for PM
    Photo by Panayiotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    -called Katrougalos pension reform in May 2016. The ruling has cleared once and for all the matter..., the eleven months of June 2015 and May 2016, and those claims after June 2016 that have no entitlements

    2%

  9. Budget primary shows deficit of 5.86 bln in June, target shortfall widens to 6.18 bln
    Photo by MacroPolis

    EconomyMacroeconomy

    to a deficit of 1.02 billion euros, improving from a monthly deficit of 3.33 billion noted in May... compared to 3.70 billion euros in May. Overall expenditure in June came to 4.70 billion, above target

    2%

  10. Budget primary balance confirmed at deficit of 6.10 bln in June
    Photo by MacroPolis

    EconomyMacroeconomy

    to a deficit of 1.26 billion euros compared to a monthly deficit of 3.33 billion noted in May. For the same... in June compared to 3.70 billion euros in May. Overall expenditure in June came to 4.70 billion, above

    2%