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Greek 2017 budget reveals size and source of extra tax burden
Agoradown by 296 million. This will result in a shift in the tax revenue mix towards indirect taxes, which
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Contrasting views on Cyprus breakdown; Greek role under scrutiny
PoliticsForeign PolicyAmid efforts to revive the Cyprus peace process, the two leaders on the island have given different interpretations of what they believe caused the latest impasse in negotiations. After initially appearing to be proceeding well, the talks in the Swiss resort of Mont Pelerin broke down on Monday
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Tsakalotos sticks to guns as review compromise remains elusive
PoliticsGreek PoliticsThere was no sign from the Greek government on Monday that it plans to back down in the impasse that has emerged during talks with the institutions aimed at concluding the second review. Speaking at a conference about the Greek economy hosted by the The American-Hellenic Chamber of Commerce
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Bank of Greece reveals lenders' NPE challenge and sets out path to recovery
EconomyMacroeconomyin mortgages is projected to drop by 10 pp to 32 percent at the end of 2019, with NPEs down by 8.4 billion
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Alpha Bank posts net profits of 41 mln in Q3, discloses NPE reduction targets
EconomyBankingand further to 1.8 billion in November. Gross loans edged down around 600 million euros QoQ to 60.8 billion
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PMI drops for third straight month to hit one-year low of 48.3 in Nov
EconomyMacroeconomyGreece’s Manufacturing PMI fell for the third successive month, albeit at a slower pace of 0.3 points in November after a drop by 0.6 points in October, the Markit survey displayed on Thursday. As a result, PMI edged down to 48.3, which is the lowest reading since November 2015. The ongoing
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Greece heads to Eurogroup facing uncertain outcome
EconomyProgramme. On the fiscal gap for 2018, Finance Minister Euclid Tsakalotos recently said it has been trimmed down
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Eurogroup grants short-term debt relief but leaves Athens fretting over fiscal targets and IMF
EconomyProgrammefurther on down the line. The Eurogroup chief also suggested that there is no significant disagreement
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What Greece’s draft agreement with lenders foresees on labour and pension reforms
EconomyProgramme) and (possibly) Engineers’ Insurance Fund (TSMEDE), will be closed down.
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Unemployment rate falls to 23.1 pct in September, lowest since March 2012
EconomyMacroeconomyGreece’s seasonally adjusted (SA) unemployment rate edged down to 23.1 percent in September from a downward revised 23.3 percent in August, Hellenic Statistical Authority (ELSTAT) labour force survey showed on Thursday. The headline figure for September indicates the lowest reading since March 2012
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