Search
-
Unemployment unchanged at 25.6 pct in Mar but number of employed still falling
EconomyMacroeconomyby 16,100 MoM to 3.52 million, which is the lowest reading since April 2014. In addition, there has been.... This is the lowest reading since May 2012. The jobless figure has almost tripled over the last... for a job. It is the fourth straight month this figure has risen. After a sharp drop by almost 30
2% -
Greece and lenders fail to bridge their differences in Brussels
PoliticsGreek Politicsgeneral council and Thursday’s gathering of eurozone finance ministers in Luxembourg. Greece has..., no other opposition party has indicated that it is willing to fully support this package of measures..., there has been no increase on the discount. Should ECB officials choose to impose a higher haircut
2% -
Greece rides the ghost train
Agoranegotiations, and therefore the prevailing uncertainty, he has allowed the economy to be damaged further. In turn, this has meant that the size of the fiscal adjustment he needs to make to hit whatever... eke out something at the last minute that would make such an agreement a little more palatable. He has
2% -
Greece and lenders talk at cross purposes, head for crisis summit
PoliticsGreek Politicsa debt swap between the European Stability Mechanism and the European Central Bank has not been... a deciding factor in negotiations. The ECB has reportedly planned an emergency session of its governing... only progress if there are “adults in the room” was probably the most acerbic criticism that has been
2% -
Tsipras faces lenders' wall in Brussels as political tension grows in Athens
PoliticsGreek PoliticsJeroen Dijsselbloem has said he wants a document to emerge from the talks between Tsipras.... It is fairly likely that if Tsipras comes back with the deal that has been put on the table by the lenders his... in front of Tsipras are an attempt to bring down his government. This speculation has been fuelled
2% -
As second bailout comes to an end, Tsipras eyes third amid domestic turmoil
PoliticsGreek Politicsin with reports from Brussels that the government has offered to back the "Yes" vote on Sunday or to cancel... has been held on Sunday. These developments come after reports of heightened tension within... lenders. This difference in opinion as well the devastating impact of Greek banks being shut has
2% -
Tsipras wins referendum but sceptical lenders, limited time stand in way of deal
PoliticsGreek Politicsthe possibility of an agreement in the short-term has moved even further away as an emboldened Tsipras will push for better conditions from lenders. He has already made a clear reference to a 30 percent reduction... open by Tuesday. Also, Athens has to pay the first round of civil servants' salaries for the month
2% -
What next for Greece's revenues and spending?
Agora. The government has not yet clarified when the ENFIA for this year will be paid, but certainly it would... grants for the social security system. Since March, the Finance Ministry has stated repeatedly... conditions, the expenditure will revert to the levels of budget targets.” The government has to pay
2% -
Between heaven and hell
Agoraand the future looks bleak. It is no surprise that there has been a rise in the number of Greeks seeking... and capital controls were introduced, the mental strain Greeks have been under has increased immensely. However, something surprising has happened: Rather than seeing Greeks panicking, as many people
2% -
Greek banks in intensive care: What lies ahead?
AgoraAmong the measures the Greek government has committed to legislate by July 22, according.... This means that equity has to absorb losses in full. After shares, losses are evenly imposed... haircut has to be applied on the current level of uninsured deposits. According to bank sources
2%