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  1. Bank framework paves way for Eurobank capital increase, gives HFSF flexibility
    Photo by MacroPolis

    EconomyBanking

    processes with foreign investors. Both transactions were reportedly oversubscribed by more than 1.5 times... that two of the four Greek systemic banks have more than covered their capital needs recently determined... increase covered by private investors cannot be lower than that of HFSF for the same share issuance

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  2. Another big drop for building activity, which fell by 35.3 pct in January
    Photo by Harry van Versendaal

    EconomyMacroeconomy

    region (Athens, Piraeus and suburbs) stood at 25.4 percent, slightly lower than the country average... that is three times higher than the GDP contraction over the same period. Housing loans – indirectly related... of September 2013, which is more than 3.5 times higher than the end-2009 figure of 7.4 percent, according

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  3. One night in Cannes

    Agora

    crisis than (then Prime Minister) George Papandreou's decision on October 31 2011 to announce... they decided they would rather deal with the potentially catastrophic fallout from a Greek exit rather than... and rioting on the streets. But less than five months later the conservative leader had the chance

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  4. Local elections in Greece a precursor of European vote
    Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]

    PoliticsGreek Politics

    tend to throw their support behind candidates rather than directly nominate them. Nevertheless... that if a mayoral candidate gets more than 42 percent in the first round, he or she is elected... than the first. It has been suggested that a lower turnout next Sunday suits the government as it would

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  5. EU vote highlights Greek center-left's urgent need for renewal
    Photo by MacroPolis

    PoliticsGreek Politics

    The expectation that the PASOK-led Elia alliance would receive less than the 8 percent it got... accepted that the government’s legitimacy would be in question if Elia did not gain more than 10..., Greece's far right parties, Golden Dawn and LAOS, came away with more than 12 percent. Compared

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  6. Data for May shows Greek PMI in growth territory for second straight month

    EconomyMacroeconomy

    in production levels in May was slightly lower than that in April, but it remained solid, according... levels was slightly higher than that of inflows of new orders partly reflecting the continued progress... since the end of 2007, although the rate of job creation was slower than that posted in April. Firms

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  7. In the absence of light, darkness grows
    Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]

    Agora

    that although Golden Dawn won about 95,000 votes more than it did in the 2012 elections, this proves... Democracy, which lost more than 525,000 votes since June 2012? Even if we were to set all this aside... the last two years. If they had, the conclusions they would have drawn might have elicited more than

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  8. Political tremors shake Spain, overshadow economic progress
    Photo by 3Ro-Rokenublo via Flickr

    Agora

    parties The PP and the PSOE’s joint share plummeted to less than 50 percent for the first time... for these two parties totalled 16.5 percent of the votes, seven percentage points less than the PSOE. However... jobless people. Around 60% of them have not worked for more than a year nor did 1.2 million workers over

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  9. The tarnished legacy that will haunt the Athens Olympics

    Agora

    warned the euro area that its public debt and deficit figures would be worse than expected. The deficit for 2004 came in at 6.1 percent, more than double the eurozone limit, while Greece’s debt... have been held accountable? Greek taxpayers, who were largely the victims rather than perpetrators

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  10. Eurobank reports net loss of 301.1 mln in Q2
    Photo by MacroPolis

    EconomyBanking

    , the underlying net loss stood at 186.2 million euros, which was slightly lower than the 189.3 million posted... improved by more than 3 percentage points QoQ to 54.6 percent in line with its domestic peers. The non... ratio is in line with that of Piraeus, but lower than the 58 and 56 percent reported by Alpha

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