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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

    The impact from the restructuring of the Greek banking system during the crisis years was depicted... that restructuring, largely via consolidation, the four systemic Greek banks along with Attica Bank currently... by 961 and stood at 46,615 employees at the end of June 2016. Overall, bank employees in the Greek

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  2. Russia sanctions, regional diplomacy dominate Tsipras visit to Ukraine
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsForeign Policy

    . These trips are part of the “multidimensional foreign policy” that the Greek government says..., transport, tourism, cultural and educational exchanges at the crossroads of three continents,” said Greek... effect on the Greek economy, we will not fragment European unity,” he said. In the new era following

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  3. Greece hopes promising fiscal, economic data will help its cause in review talks
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    to provide the Greek government with some comfort about the possibility of an agreement being reached between Greece and its lenders. Moscovici, who insisted he was not in the Greek capital to negotiate... questions about the Greek government’s recent comments regarding there being no need for any new

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  4. Eurogroup agrees return of mission to Athens but key issues unresolved
    Photo via Fosphotos

    PoliticsGreek Politics

    be no fixed deadline for the conclusion of the process. The move that broke the deadlock was the Greek... indicated that the technical teams would also discuss with the Greek authorities what counter-measures... at easing the tax burden or increasing spending for the most vulnerable members of Greek society. Digital

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  5. BoG reveals figures for repatriation and banknotes returning to banking system
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyBanking

    on the evolution of Greek banks’ deposits since the imposition of capital controls at the end of June 2015... uncertainty for Greek banks. The BoG also revealed that the repatriation of funds invested in foreign... (outside the Greek banking system) was higher at 4.8 billion, split between 2.2 billion in the second

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  6. Eurosystem funding down by 1.1 bln in Feb, ELA increases for first time since April
    Photos by Dennis Skley via Flickr https://flic.kr/p/qcppmH

    EconomyMacroeconomy

    Greek banks’ Eurosystem funding headed south for the twentieth straight month in February, albeit... represents the lowest reading since January 2015. The ECB decided to reduce the ELA ceiling for Greek... ceiling had remained stable at 46.3 billion. Meanwhile, Greek banks’ reliance on ECB funding further

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  7. New attempt to get Cyprus talks back on track
    Photo by Andrea Bonetti/Fosphotos

    PoliticsForeign Policy

    with European Union officials in Brussels this week for the same purpose. The Greek-Cypriot side appears... Mustafa Akinci "to return to the negotiating table." He also stressed that "both Greek Cypriots... that "no one is talking about or seeking Enosis." It seems that the Greek-Cypriot side is trying

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  8. Progress seen in Brussels talks but no deal in sight yet
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    There was progress but no breakthrough during the talks between Greek ministers and representatives... pension cuts) and labour issues are the main stumbling blocks in the talks. The Greek side is said... government’s position. The Greek coalition thinks that Berlin is supporting the IMF’s stance. Greece

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  9. Eurosystem funding falls by 2.2 bln in March, ELA drops after brief rise in Feb

    EconomyMacroeconomy

    Greek banks’ Eurosystem funding remained on a downward trend for the 21st successive month in March... uncertainty. Following a request by the BoG, the ECB decided to increase the ELA ceiling for Greek banks... on April 6. At the same time, Greek banks’ reliance on ECB funding fell by another 1.43 billion

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  10. Cyprus talks rolling again but Athens seems sceptical
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsForeign Policy

    referendum on Enosis (union) with Greece be commemorated in Greek Cypriot schools being reversed last week... “the sovereignty of the [Cyprus] Republic.” Thirdly, the Greek Cypriot side seems to believe that the way... after reunification. The Greek Cypriots and the Greek government is strongly against these proposals

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