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  1. Current account in surplus for 2nd straight month in June but down 20 pct on 2014
    Photo by MacroPolis

    EconomyMacroeconomy

    Greece's current account (C/A) balance displayed a surplus for the second successive month in June but it narrowed by 20 percent year on year (YoY), reaching 1 billion euros from 1.25 billion in 2014, according to the Bank of Greece (BoG). The YoY deterioration mainly reflects a widening

    7%

  2. Wages index falls 1.8 pct QoQ in Q1 2015 for the second successive quarter
    Photo by MacroPolis

    EconomyMacroeconomy

    before. The revision is based on: 1) The calculation of the wages index according to a fixed base

    7%

  3. Labour cost fall has not produced jobs, bemoans GSEE in study
    Photo by MacroPolis

    Society

    percent of part-time work was involuntary. It also noted that of the 1 million jobs lost during

    7%

  4. July credit contraction at 1.5 pct, slowest since Aug 2011
    Photo by MacroPolis

    EconomyMacroeconomy

    -negative reading since August 2011. The outstanding balances fell by more than 1 billion month on month

    7%

  5. Q2 GDP rebounds by 0.9 pct QoQ on higher consumption and falling imports

    EconomyMacroeconomy

    consumption increased 1 percent QoQ and 2.5 percent YoY accelerating from the reported growth rates in Q1

    7%

  6. July trade deficit lands at 715 mln as imports post biggest drop on record

    EconomyMacroeconomy

    the EU rose by a mere 1 percent, while those from non-EU countries declined by 20 percent. Similarly

    7%

  7. Unemployment rate edged up to 25.2 pct in June

    EconomyMacroeconomy

    that of females displayed a slower drop by around 1 pp to 29.5 percent. Similarly to the previous

    7%

  8. Assessing the health of Greek banks' loan portfolios
    Photo by MacroPolis

    EconomyBanking

    around 1 billion higher than the lowest reading of 775 million posted in 2013. Over the past 7.5

    7%

  9. Unemployment rate eases to 24.6 pct in Q2 as number of employed jumps
    en_GB Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]

    EconomyMacroeconomy

    and 22.8 percent last year. The number of ‘long-term’ (more than 1 year) unemployed fell well below

    7%

  10. Where we stand in the Greek bank recapitalisation process
    Photo by MacroPolis

    Economy

    for the recapitalisation process to be completed before the depositor bail-in becomes effective as of 1

    7%