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  1. Piraeus Bank posts net loss of 1.56 bln in Q3
    Photo by MacroPolis

    EconomyBanking

    of employees has been reduced by almost 2,000 YoY to 16,528 at the end of September, while 430 branches have... that a second voluntary retirement scheme is underway targeting 1,200 employees, while the network has retreated by additional 70 branches to 803 in November. Piraeus said it has realised 71 percent

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  2. Waiting for Godot in Greece
    Photo by Harry van Versendaal

    Agora

    of someone named Godot. The current situation in Athens has remarkable similarities with this classic... stakeholders concerned in Athens, Washington, Brussels and Frankfurt. As has become the established roadmap... and its international creditors, the fact remains that yet another evaluation round has underlined

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  3. Greek economic sentiment and consumer confidence up again in November

    EconomyMacroeconomy

    was recorded in June at 104.1 and has eased by 1.4 points since then. However, the year to date (YtD.... Since then, it has been on a mostly upward trend with cumulative gains of 23 points over this 2-year... then, it has been moving upwards with cumulative gains in excess of 26 points to date. Three of the other four

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  4. Greece moves closer to troika over fiscal gap, waits for response
    Photo by MacroPolis

    EconomyProgramme

    than 30,000 jobs would be lost. Note that SETE has recently upwardly revised its forecasts... as well as abolition of the reduced VAT rate in islands. It is thought the government has not conceded any...) with estimated cost savings of 70 to 80 million euros. On the public sector, the government has proposed

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  5. Samaras, Venizelos opt for earlier presidential vote in high-risk strategy to save coalition
    By MacroPolis

    PoliticsGreek Politics

    The government has decided to move forward by around two months the presidential vote in Parliament... more ground than it has during the last few weeks on fiscal and structural measures. Moving... of surviving the presidential vote but the result still remains in the balance. However, it also has

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  6. Newsletter 7 - 12/12/2014

    Newsletters

    of the presidential vote has two distinct advantages. By holding the ballots on December 17, 23 and 29, rather than... two, if not all, of these sources if it is to elect a president. The government has 155 MPs... that the HFSF capital buffer – the unused amount of the fund’s total capital of 49.7 billion that has

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  7. PM and SYRIZA deaf to calls for compromise over president so far
    Photo by MacroPolis

    PoliticsGreek Politics

    office has repeatedly rejected all talk of any kind of deal, favouring instead what they call... and his premiership might even be put in doubt. SYRIZA has been equally reluctant to consider backing.... Tsipras also knows that many in his party will feel he has sold out if he seeks a compromise

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  8. New claim of attempt to bribe MP casts shadow over presidential vote

    PoliticsGreek Politics

    denies that the man in question has any links to them. An earlier probe into claims that businessmen..., there was no reference to a specific party during the secretly recorded discussion. Kammenos said that the footage has been provided to the police and judicial authorities. He has also written to Parliamentary Speaker

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  9. Samaras softens stance on snap elections as decisive presidential vote looms
    Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]

    PoliticsGreek Politics

    proposal could have is to isolate SYRIZA as being the sole cause of political instability. It has been... of attempts to bribe MPs so they vote for the government’s presidential candidate. Although SYRIZA has... Haikalis that he was offered financial incentives to back Dimas, it has done so in a somewhat guarded

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  10. What is in SYRIZA's 3-pillar programme to overcome the crisis?
    Photo by MacroPolis

    Economy

    . This has forced SYRIZA to adjust its initial pledge to a complete scrapping of the tax. 2nd pillar... unemployed) will increase based on social criteria. He has not provided further details. Another... wage currently stands at 586 euros, and 511 for employees under 25. This measure has zero fiscal cost

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