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Athens boosted by Lagarde's comments on primary surplus, but no move due for now
PoliticsGreek Politicsis in our (IMF) view… is excessive and is putting undue pressure on the recovery of the Greek economy... the presidency of the ECB on November 1 and at a time that the new Greek government has been sounding... the necessary conditions to achieve this goal,” added the New Democracy politician. Softly-softly
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Constitutional changes and Tsipras's leadership under scrutiny
PoliticsGreek Politicsa fine balance between all the parties to allow Greek living abroad to vote from their places of residence in future national elections, under certain conditions. Although SYRIZA initially resisted... which sets certain time limits and other restrictions on who can vote in Greek general elections
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Eurobank net profits at 56.3 mln in Q3 from continued operations
EconomyBanking. Greek deposits increased by around 2.4 billion and by 4.8 billion for the group. This took... for our clients as the Greek economy picks up and both households and businesses adapt to a post-crisis... added that as the economic conditions and consumer confidence improved, the bank would begin to focus
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ND mulls next tax cuts as it prepares to unveil new electoral law
PoliticsGreek Politicssees the election winner gain an extra 50 seats in Greek Parliament, the new scheme is expected... Greek Solution (10 MPs). Given that New Democracy has 158 seats, this would leave Mitsotakis 10 MPs... rate. However, this is also subject to taxpayers fulfilling the conditions of the new regime regarding
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Fitch raises Greece to 'BB,' two notches from investment grade, sees growth at 2.5 pct in 2020
Economywith EU creditors. Although the agency’s outlook on the long-term trend for Greek GDP remains.... That said, Greek banks have a very high starting NPE ratio point of 42.1 percent and their efforts... rating action if a certain set of conditions were sustained, related to the stock of debt, risks
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NBG results show net profits of 18 mln in Q4 and 484 mln in 2019
EconomyBankingGreek deposit yield stood at 33 bps in Q4 from 37 bps in Q4, while the loan yield came to 357 bps from... lending fees, as disbursements towards Greek corporates accelerated to 1 billion in the quarter... of around 6 billion euros set to launch when market conditions allow. Since 2015, NPEs have been reduced
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Big drop in March sees PMI settle at 42.5 pts as Covid-19 measures bite
EconomyMacroeconomyto the latest data from Markit PMI. The data indicates that the Greek manufacturing sector has been... on the results, Markit PMI analysts said that the momentum which had been building in the Greek manufacturing sector had rapidly slowed due to the coronavirus outbreak. Operating conditions deteriorated
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New data highlights pandemic impact on enterprises as turnover falls sharply
EconomyFeaturestheir needs. Total turnover in the Greek economy in Q2, registered as of 2017 in the Greek business register... measures and to the operation under the newly imposed conditions due to the pandemic. On the demand side
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More fires at Moria add to pressure for effective response to asylum crisis
PoliticsGreek Politicsan already acute crisis for the Greek government, which had already declared a four-month state...” to be immediately deported, while Kyriakos Velopoulos of ultra-nationalist Greek Solution suggested... conditions at the camp, referring to information suggesting that the fires were started in reaction
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PMI rises to 50 points in September, signalling stabilisation
EconomyMacroeconomyincreased for the second consecutive month as Greek manufacturers expanded their workforce numbers... that the Greek manufacturing sector was starting to stabilise and that it was a positive sign that the output... and indicates an improvement in operating conditions, signalling a positive end to the third quarter
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