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  1. Piraeus Bank reports net profit of 164.3 mln in Q2
    Photo by MacroPolis

    EconomyBanking

    441 branches (26 percent of total) have been shut down over the past 12 months. The bank says it has... exit scheme and the realisation of revenue synergies. It is reminded that Piraeus Bank has absorbed... increase in Q2, the bank has a capital buffer of 4.4 billion under the base and 5.9 billion under

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  2. S&P upgrades Greece one notch to B, sees growth in 2015

    Economy

    by 16 percent over the past five years has helped the tourism sector. However, unlike Spain, Portugal and Ireland, the manufacturing sector has not benefited to the same extent. In addition, investment... the government has little room for further maneuver on the expenditure side. The rating agency views

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  3. A breakdown of Tsipras's pledges on economic strategy in Thessaloniki
    Photo by MacroPolis

    Economy

    providing further details. During a press conference held yesterday, Tsipras said that he has... of them has commented that these measures are outside the European framework or not viable”, he..., since experience to date has shown that all decisions with a fiscal impact are always part

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  4. PASOK's growing internal strife hampering Greek coalition
    Photo by MacroPolis

    PoliticsGreek Politics

    Tree alliance. This has prompted many within the party to question PASOK’s role in the government... as possible. He argued that that the country has been in limbo since the EU elections and that this has

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  5. Greeks most sceptical of EU and US policy towards Russia, poll indicates
    Photo by Amanda Graham via Flickr https://flic.kr/p/m9xx6

    Society

    as far as its relations with Moscow are concerned. Now, a new survey has outlined to what extent... of the way their government has approached the Russian issue. This is one of the lowest ratings... highlights the way in which the economic crisis has damaged Greeks’ trust in the EU. “Fifty-three percent

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  6. Greece is least socially just country in EU, report indicates
    Photo by Harry van Versendaal

    Society

    Greeks, but also long-term joblessness (Greece has the highest rate in the EU) and the in-job poverty rate (only Romania has a higher rate). The report’s authors describe the labour market situation... and pension policies” as being the cause of Greece’s low ranking. Greece also has one of the lowest

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  7. Greek economic sentiment and consumer confidence fall for third month in a row
    Photo by MacroPolis

    EconomyMacroeconomy

    of 104.1 posted in June, Greek ESI has lost almost 5 points. However, the year to date balance remains... in the succeeding 3.5 years. Since October 2012, it has been on a broadly upward trend, amassing cumulative... Since then, consumer confidence has made cumulative gains of almost 21 points. The other four

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  8. Samaras buys some time with request for confidence vote
    en_GB Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]

    PoliticsGreek Politics

    Amid growing speculation that he would call early elections, Prime Minister Antonis Samaras has.... The coalition has 154 of 300 MPs but the constitution requires the government to win only half..., it will not reverse the coalition's declining opinion poll ratings overnight. Samaras has only a small

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  9. DIMAR left in disarray after failed attempt to oust Kouvelis

    PoliticsGreek Politics

    of the coalition’s main hopes for ensuring it does not lose the presidential vote early next year has been... of the internal battle that broke out within the grouping, whose support has been declining over the last... by this revolt although he has seen the number of DIMAR MPs steadily dwindle from 17 in June 2012 to just 10

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  10. Ahead of bailout talks, IMF chief raises doubts about clean Greek exit
    Photo via IMF photostream on Flickr [https://www.flickr.com/photos/imfphoto/]

    PoliticsGreek Politics

    but the former French finance minister has questioned hopes in Athens for a clean break. The fact that Greece... Securities and covered bonds purchase scheme. Now, the IMF chief has raised doubts about whether Greece... pleased that Greece has significantly improved its position, from a fiscal point of view

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