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  1. Banks see efficiency gains after shedding 29 pct of staff, 42.6 pct of branches during crisis
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyBanking

    of bank employees dropped by more than 20,000 to 46,654 at the end of 2014 from 65,682 at the end of 2009... market have dropped by 29 percent or by more than 19,000 during the crisis years, from 2009 until... more than halved from 426,500 at the end of 2009 to 194,800 at the end of 2014. Since then, the number

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  2. Tsakalotos and Stournaras raise objections to IMF assumptions
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyProgramme

    incorporated only substantial downside risks rather than being a baseline scenario.” Specifically, Tsakalotos... suggestion for lower tax-free threshold, since more than half of Greek taxpayers do not pay personal... is significantly less than the average household number. The Greek finance minister also disagrees

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  3. Seven years of demanding the impossible in Greece
    Photo by Panayotis Tzamaros/Fosphotos

    Agora

    and the recession will be deeper and longer than expected, he warned. Blanchard’s scepticism and warnings... revenue-raising measures and spending cuts that are equivalent to more than a third of its economy and more than double what Blanchard had described as unprecedented almost seven years ago. The Greek

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  4. IMF comments, blog leave no doubt credible debt relief has to be agreed soon
    Photo by World Bank via Flickr https://flic.kr/p/bPr6Y6

    EconomyProgramme

    than levels that that have a clearly negative impact on the economy, with tax revenues falling... to be based on realistic, rather than heroic assumptions, on growth prospects going forward that could... lose more than if they had promptly faced the facts”, the Fund concludes clearly controverting

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  5. Revenues beat target by 3.9 pct in Feb, remain above target for year

    EconomyMacroeconomy

    in February amounted to 331 million euros, 83 million or one-third higher than target. As a result, net... into account, the better than expected revenue performance in January, the 2-month gross revenues... exceeded the target by 1.7 billion euros largely due to higher than expected revenues from corporate

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  6. Compromise proposal on table ahead of Friday's Eurogroup
    Photo by Andrea Bonetti/Fosphotos

    EconomyProgramme

    by spreading measures over two years (2019 and 2020), with more than two thirds of the pension cuts and less than one third of the tax reform being implemented in 2019 and the remainder taking effect in 2020... reportedly proposed a ceiling on pension cuts so no pensioner suffers a reduction of more than 20-25

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  7. Racist attacks fell in 2016, report by monitoring body indicates
    Photo by Panayotis/Tzamaros

    Society

    Network documented, through interviews, 95 incidents of racist violence involving more than 130... incidents, with more than 300 victims, registered by the same network in 2015. In 31 of the incidents..., more than one victim was targeted, while in 54 cases the attack was committed by two or more people

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  8. Foreign minister opens up about EU concerns
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsForeign Policy

    of the grouping than Greece’s chief diplomat he chose to begin his speech by calling on the EU to abandon... on stereotypical ideas rather than policies.” An autonomous role? Some SYRIZA members and government... note than most of his EU counterparts, saying that “the negotiations between the European Union

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  9. Don't celebrate a French reconnection for EU just yet
    Photo by Panayotis Tzamaros/Fosphotos

    Agora

    the latter have a corrosive effect on the European project. Voter pool More than 7.5 million French... packaging. It has many guises and can be much more insidious than we care to admit. If mainstream... or Beppe Grillo than to admit that something might be wrong. It is true that the EU has taken

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  10. Significant drop in number of Greek citizenships granted
    Photo by Panayotis Tzamaros/Fosphotos

    Society

    The number of Greek citizenships granted to non-Greeks more than halved in the two years from 2013 to 2015, EU data has shown. Eurostat figures show that there were 7,000 fewer new Greeks in 2015 than in the previous year and 15,500 fewer than in 2013, when the number of new citizenship approvals

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