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  1. How Greek banks were left on the brink
    Photo by Harry van Versendaal

    Agora

    were oversubscribed more than 1.5 times amid strong interest - primarily from international... this 5-month period shows that households withdrew 22.3 billion euros making up more than 70 percent... than 42 percent of outflows were and remain in cash and are stored, particularly by households

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  2. Newsletter 34 - 10/07/2015

    Newsletters

    reflecting domestic consumption rather than increased tourism activity. Triggered by a panic to hoard medicines rather than cover their actual needs, citizens also rushed to pharmacies, where child... than 40 brokerage firms, have suspended operations. Payments of a large number of utility bills

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  3. Tsipras and the binary opposition
    Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]

    Agora

    as it was the first time that a party other than New Democracy or PASOK had won a vote in Greece since... a figure more suitable to keeping the party’s MPs and grassroots united rather than launching... point will require more drive and vision than has been on view during her long political career, which

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  4. Crumbling Greek pension system threatens big fiscal gap, budget derailment
    Photo by MacroPolis

    Economy

    deficit of 1.67 billion euros for 2015, more than 700 million worse than the 968 million budgeted last year. The ministry indicates that this mainly reflects lower than expected social security... for retirees who have been insured with more than one fund. This is one of the key reasons

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  5. Newsletter 51 - 12/11/2015

    Newsletters

    is the first negative reading since Q4 last year but is better than market polls had suggested. GDP.... The first negative reading since last year, the Q3 figure was better than predicted. 2 A valuable... and to deliver hagiographies of leaders past rather than a measured assessment of what they offered

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  6. Marked rise in expenditure leads to a budget primary deficit in Nov

    Economy

    surplus reached 4.35 billion euros, which is 21.9 percent higher than last year and 1.7 billion better than the target. The year to date outperformance mainly stems from lower primary expenditure... billion euros, 32.3 percent lower than last year and 1.77 billion better than target. It is also

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  7. Primary surplus beat target in 2015 on higher revenues and restrained spending
    Photo by MacroPolis

    Economy

    marked by lower than expected primary expenditure by 626 million as well as higher than targeted Public... higher than target. Despite dropping by 294 million to 3.18 billion (1.8 percent of GDP), property... billion, 448 million lower than target. As a result, net revenues remained almost unchanged (-0.1

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  8. Newsletter 61 - 05/02/2016

    Newsletters

    will be less wavering in his search for a deal with creditors than last year and may be willing to compromise... less adamant about protecting auxiliary retirement pay than it has about the main payments... by 14.3 percent in December, which was much more pronounced than the 1.8 percent decline in November

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  9. Newsletter 62 - 12/02/2016

    Newsletters

    relations with the EU over the refugee crisis appear on a more even keel than they were a few weeks ago... is perhaps bigger than all the other challenges facing Tsipras. In its first period in government, between... security contributions rather than cut existing pensions. However, had he chosen to slash pensions again

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  10. Budget primary surplus surges to 3.04 billion, extending outperformance
    Photo by MacroPolis

    EconomyMacroeconomy

    by more than 1 billion coupled with an increase in net revenues by 800 million. Compared to targets... million better than target. For February in particular, revenues exceeded target by 365 million. Tax..., net revenues rose by 11.1 percent to 8.1 billion, 323 million better than target. Primary expenditure

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