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  1. BoG revises 2024 growth down to 2.5 pct, advocates wide range of policies and reforms
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    The Bank of Greece published on Wednesday its interim monetary policy report for 2023, which assesses the economy’s progress over the year, though challenges are clouding the outlook. The BoG makes... competitiveness of the economy. To address those risks and challenges, the BoG makes eleven policy

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  2. BoG sees sustained growth, argues challenges require wide-ranging policy interventions
    Photo by MacroPolis

    EconomyMacroeconomy

    The Bank of Greece (BoG) published on Wednesday its latest monetary policy report in which the central bank highlights the sustained growth of the Greek economy, outlines the challenges and makes...-ranging policy response to improve Greece's economic performance and social cohesion. The BoG makes

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  3. Iran war creates turbulence for Greek tourism outlook
    Photo by MacroPolis

    EconomyFeatures

    . This proximity makes Greece vulnerable to “guilt by association” among long‑haul travellers who... of 4.4% of GDP. However, Greece’s status as a net importer of oil makes it more vulnerable

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  4. What lies at the heart of differences over Greek banks' capital needs?
    Photo by MacroPolis

    Economy

    Following a meeting last week between Bank of Greece (BoG) senior officials with the top management of the four Greek systemic banks (Alpha, Eurobank, National and Piraeus), where the central bank reportedly informed lenders that their capital needs amount to around 5 billion euros, a Financial

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  5. A return to capital markets for Greek banks but no return to domestic lending
    Photo by Can Esenbel [www.mundanepleasures.com]

    Agora

    , including the four systemic institutions in Greece (National Bank of Greece, Piraeus Bank, Eurobank

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  6. Eurogroup clears next bailout tranches for Greece, sets new goals

    EconomyProgramme

    expect that the remaining two core banks (Eurobank and National) will raise their capital needs

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  7. Greek banks' Eurosystem funding falls for third straight month, at lowest since Feb 2010

    EconomyMacroeconomy

    from 12 percent for Piraeus to 22 percent for Eurobank. The troika has set a target for this ratio

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  8. Greek current account deficit rises to 709 mln in February

    EconomyMacroeconomy

    participation in the capital increase of Eurobank Properties. It is also noteworthy that under

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  9. April saw first rise in Greek banks' Eurosystem funding this year

    EconomyMacroeconomy

    to 22 percent for Eurobank. The troika has indicated this ratio should be brought below 15 percent

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  10. National Bank starts 2014 posting net profit of 181 mln in Q1
    Photo by MacroPolis

    EconomyBanking

    National Bank was the second Greek bank after Eurobank, which published Q1 results on May 28. Net profit landed at 181 million from 27 million last year mainly reflecting soaring pre-provision income (up 25 percent) and receding impairment losses (down 15 percent). Even excluding several positive

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