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  1. Move to unite centre left takes next step but potential in doubt

    PoliticsGreek Politics

    for this fragmented section of Greek politics to pull together. The initial signs are mixed. PASOK has given its... because it is averse to a Venizelos-led PASOK, has refused to give its nod of consent. One Democratic... with society. The Greek “Olive Tree” is due to hold its founding congress in February and certainly has

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  2. Coalition wins crucial votes but at a price as SYRIZA leads polls
    Photo by Harry van Versendaal

    PoliticsGreek Politics

    party but the fact the government’s majority has been reduced again to just three... the coalition over the closure of public broadcaster ERT in June, the coalition has been trying..., who now number 13, may occasionally back the government. However, the government has found

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  3. The Cyprus bailout is different, not only due to the bail-in
    Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]

    Agora

    if Official Sector Involvement (OSI) will take place in the eurozone bailout countries as it has already... the bailout window period. Although the principal remains the same, the loan has been pushed forward... to take part in the pain of restructuring. In terms of fiscal consolidation the ESM/IMF has found

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  4. Building activity posts first rise in 20 months but overall picture grim

    EconomyMacroeconomy

    in August 2010. The rate of contraction in housing loans has been hovering at 3.1 - 3.7 percent...-performing loan ratio has more than tripled to 24 percent at the end of June 2013 from 7.4 percent at the end... percentage points in the next three years and the creation of 20,000 jobs, while the EU has already

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  5. Greek banks' capital backstop and the funding gap: An uneasy relationship
    Photo by Harry van Versendaal

    Economy

    Minister Yiannis Stournaras has recently stated he awaits the outcome of the BoG report on banks’ capital... used to cover the funding gap. The HFSF’s capital buffer has also come under the spotlight because... not be equally split among the four core banks. Eurobank has already initiated a capital increase process

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  6. Despite pledges, Greeks uncertain and feel recovery will take years
    Photo by Harry van Versendaal

    Society

    this year, the first increase in national output since 2008. The Greek public, though, has heard promises... that the state functions better than it did five years ago, whereas 43 percent believe its performance has worsened. For 29 percent there has been no change at all. Finally, to end with some psychoanalysis, how

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  7. Greek Q4 GDP down 2.6 pct, shrinks 3.7 pct in 2013 - better than troika estimates

    EconomyMacroeconomy

    and troika forecasts for a 4-percent contraction. Greece has experienced negative growth since the third quarter of 2008, but the contraction has been consistently slowing over the past six quarters... measures and lack of a material implementation of structural reforms has led 9-month 2013 GDP to contract

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  8. Fragmented, weak Greek centre left fails to find basis for cooperation
    Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]

    PoliticsGreek Politics

    An ambitious plan for the rejuvenation of the centre left of Greek politics has stalled as the movement of intellectuals and politicians known as the “58” has turned down an opportunity to cooperate.... However, this also remains the overriding weakness of the new movement. It has a number of former

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  9. December fails to boost Greek retail sector: Sales fell by 6.7 pct
    Photo by MacroPolis

    Economy

    Agency (ELSTAT) on Friday. During the crisis household consumption in Greece has shrunk by 28 percent, disposable income has been reduced by 32 percent. Also, approximately a third of the population is in material deprivation. So it is not surprise that retail trade is one of the sectors that has been

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  10. Greek recession slowed from revised 7 pct in 2012 to 3.9 pct last year

    EconomyMacroeconomy

    in February. Greece has experienced negative growth since the third quarter of 2008, but the contraction has been consistently slowing over the past four quarters. Affected by continued austerity... of a material implementation of structural reforms has led 2013 GDP to contract 23.7 percent compared

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