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Alpha Bank reports net losses of 16.8 mln in Q2
EconomyBankingOn the asset quality front, the non-performing loan (NPL) ratio edged up to 37.8 percent in Q2 up from... billion with the NPE ratio edging up to 52.6 percent in Q2 from 52.1 percent in Q1, while the NPE...) ratio edged up to 16.6 percent in Q2 from 16.3 percent in Q1, mainly reflecting a reduction in risk
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Refugee crisis charade adds insult to EU's injuries
Agoraand give much of Europe peace of mind. The crisis, though, is threatening to flare up again and the EU... improvements in Greece. For instance, the Greek Asylum Service has stepped up its activity and preregistered... borders properly and that its future in the Schengen area may be up for debate as it is not showing
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Budget primary surplus of 3.8 bln to Aug beats target by wide margin
EconomyMacroeconomylast year and outperforming target by 2.85 billion. Revenues Revenues (before tax refunds) edged up..., up 4.9 percent from last year. For the full year target of 50.57 billion to be met, revenues... is the lowest monthly reading so far this year. The 8-month figure stood at 1.91 billion, up 7.6 percent from
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Why can't Greece be more like Cyprus?
![Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]](resources/toolip/img-thumb/2014/01/05/cyprus_myrto_1000_0501-medium.jpg "Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]")
Agorathe reforms over the past years”. There were also warnings for Cyprus to “keep up the reform momentum... needed to bailout the eurozone countries, with Athens taking up almost 250 billion euros (more than...) by up to 1.7 percent year-on-year in 2016, while Greece’s economy is due to contract by another 0.3
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Another spin of the wheel for Greece
Agoracelebrations were to include this attraction. It went up amid much fanfare, only to come down a few days later... on December 5, when (in the absence of the second review being wrapped up) the Eurogroup agreed... billion euros in October. Greece’s current account surplus up to the end of October was down by 42.6
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Industrial production rises at slightly faster pace of 2.2 pct in Dec
EconomyMacroeconomyreflects a notable rise of 15.9 percent in electricity production, which makes up almost 21 percent of the total index. In addition, mining and quarrying production edged up 0.6 percent. On the flipside... a rise in their production in December, with energy significantly up by 9.1 percent, while capital
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Central government debt rises to 326.4 billion on ESM disbursement
EconomyMacroeconomy, Greek government bonds (GGBs) eased by 140 million QoQ to 56.63 billion in Q4 making up 17.4 percent... at the end of December making up 3.5 percent of debt. The breakdown also showed special purpose... in 2016, up from 10.8 years in the 9-month period, while the respective maturity of total debt
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What can Greece expect at the next Eurogroup?
AgoraThe back-and-forth between Greece and its lenders is likely to continue right up to the start... of the potential agreement that seem to have been firmed up. This includes the Greek government signing up to primary surplus targets of 3.5 percent of GDP until 2022 and an average of around 2 percent
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Newsletter 124 - 23/06/2017
Investment moves centre stage Government goes on charm offensive to drum up support for Luxembourg... with its plan to set up a Greek development bank. The idea was recognised in the Eurogroup statement... been since 2010. The issue of a possible bond issue was expected to be high up on the agenda
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Varosha move puzzles amid low expectations on Cyprus
PoliticsForeign Policyup Maronite villages and the “ghost city” of Famagusta (Varosha). Government sources in both Greece... in Switzerland. If the plan is to open up Varosha for its rightful owners under Turkish Cypriot...” as saying that the north’s intention is to give up the area so it can be placed under United
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