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  1. Cooperatives on Cyprus: Why they were treated differently to banks
    Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]

    Agora

    in the USA has lessons for Cyprus and parallels to what happened on the island. One of the issues... to the need for a Fannie or a Freddie. The cooperative credit sector of Cyprus has several... unions. It has been reported out of the staggering 26.25 billion euros in non-performing loans in Cyprus

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  2. Greek jobless rate dips to 27.5 pct in Dec but inactive population growing

    Economy

    in November. The number of employed has recorded a 20.3 percent drop compared to December 2009. At the same... has surged 159 percent. Labour force participation persistently remained below the 5-million mark... for males. For all age groups the unemployment rate has roughly tripled for each bracket compared

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  3. Divisions on center left blight launch of Greek Olive Tree alliance
    Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]

    PoliticsGreek Politics

    story of conflict between Papandreou and Venizelos, which has also led to tension between PASOK MPs... guard has anything to offer was highlighted by a recent Alco poll for the Newsit website. It showed PASOK lagging behind To Potami, a new party formed by journalist Stavros Theodorakis, which has yet

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  4. Building activity nosedived for the fourth straight year, down 27.6 pct in 2013
    Photo by Harry van Versendaal

    EconomyMacroeconomy

    since the peak in August 2010. The rate of contraction in housing loans has been between 3.1 - 3.7..., the housing non-performing loans ratio has jumped to 25.8 percent at the end of September 2013 more than 3.5... recommencing soon. The work on these motorways with a combined value of 7.6 billion euros has been

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  5. Another big drop for building activity, which fell by 35.3 pct in January
    Photo by Harry van Versendaal

    EconomyMacroeconomy

    activity sector has been one of the most prominent in the Greek economy during the crisis. The number... of credit contraction in the housing sector has been hovering between 3.1 and 3.7 percent... credit expansion is hiking non-performing loans ratio, which has soared to 25.8 percent at the end

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  6. New Democracy and SYRIZA draw battle lines for European elections
    Photo by MacroPolis

    PoliticsGreek Politics

    attack in 2008 and has become a symbol for workers’ rights. The variety of professions represented... by PASOK and other smaller parties, announced its candidates last month and has stressed that 90... party led by journalist Stavros Theodorakis has clearly had an impact on Greece's mainstream parties

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  7. National Bank follows other Greek lenders' by opting for capital increase
    Photo by MacroPolis

    EconomyBanking

    the market, of which 4.03 has already been covered if we include Eurobank’s anchor investor offer... to institutional and other eligible investors. NBG also noted the BoG has already approved other capital... will be most likely close to the market price. The market has to a large extent discounted the board’s

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  8. Tension builds in Greek coalition and with SYRIZA as elections near

    PoliticsGreek Politics

    the banner of the centre left Olive Tree alliance, the socialist party has become sensitive to any.... It also seemed a personal affront to Venizelos, who is a constitutional expert. While there has... has not just been limited to the coalition, though. A new round of verbal jousting between New

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  9. Fitch upgrades Greek credit rating to B with stable outlook

    EconomyMacroeconomy

    to 1.4 percent in 2014. On sovereign liquidity, Fitch notes that the near-term risk has fallen, yet.... Fitch stresses that although the current administration has displayed greater ownership.... The rating agency also stresses that there has been a notable wage and price adjustment

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  10. Greek elections as seen (or imagined) from Berlin
    Photo by MacroPolis

    Agora

    the course of the past two years a steady line of communication has been established and nurtured... sister party in Germany, Die Linke. Tsipras has visited Berlin on various occasions, even meeting... to pose dilemmas. Ahead of Sunday’s vote he has been made aware of new challenges in Athens, which were

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