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  1. Stournaras eyes easing of capital controls, updates on loan quality and NPL reduction targets

    EconomyMacroeconomy

    solutions 2) Coordinated deals of common borrowers with overdue loans in more than one bank 3

    3%

  2. Coalition and opposition make proposal and counter-proposal in build-up to electoral law vote
    Photo by MacroPolis

    PoliticsGreek Politics

    propose the winning party should be awarded an extra seat for each 2 percent of the vote it gains

    3%

  3. Moscovici tries to kill discussion of primary surplus targets as easing of capital controls cleared
    Photo by EU Council via Flickr https://flic.kr/p/q4fbAG

    EconomyProgramme

    restrictions on ‘new’ money deposited with Greek banks 2) Transformation of the weekly withdrawal

    3%

  4. Industrial turnover plunges 13.4 pct in May for fifth successive double-digit drop

    EconomyMacroeconomy

    showed improving trends. Markit’s Manufacturing PMI increased by 2 points to 50.4 in June indicating

    3%

  5. Government eases capital controls further, aiming to restore depositor confidence
    Photo by MacroPolis

    Economy

    , with inflows of around 2 billion euros in June, while the positive trend is continuing

    3%

  6. Decline in retail sales accelerates to 8 pct in May
    Photo by MacroPolis

    EconomyMacroeconomy

    Greece’s retail sales index accelerated its decline in May, falling by 8 percent year on year from a revised 4.4 percent drop in April, according to data released by ELSTAT on Friday. The volume index recorded a drop of 6.4 percent compared to the same period last year, from 2 percent

    3%

  7. Bank of Greece publishes revised Code of Conduct for management of NPLs
    Photo by MacroPolis

    EconomyMacroeconomy

    below interest only and grace period. Longer term (higher than 2 years) settlements, taking

    3%

  8. Unemployment rate stable at 23.5 pct in May after upward revision for April
    Photo by MacroPolis

    EconomyMacroeconomy

    by age showed mixed trends. In specific, the jobless rate in the 35-44 years old fell by 2 pp

    3%

  9. Athens watches Turkey-Russia rapprochement with interest
    Photo by Vicente Villamón via Flickr https://flic.kr/p/6MoX4Y

    PoliticsForeign Policy

    , the process of freeing up the 2 billion euros EU funds for the refugees in Turkey has been accelerated

    3%

  10. Current account surplus almost doubles to 1 bln in June
    Photo by Håkan Dahlström via Flickr https://flic.kr/p/5MQQVH

    EconomyMacroeconomy

    , the latter reflects a drop in arrivals by 2 percent, while we conclude that the average spending per

    3%