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  1. Greece below EU average in social protection, with pensioners getting lion's share
    Photo by Angelos Christofilopoulos/Angelos Christofilopoulos

    Society

    Greece spends proportionately less of its GDP on social protection than the EU average but gives more of a share of what it spends to pensioners than any other EU country, newly released data from... spending per capita was registered in Romania at more than 70 percent below the EU average, followed

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  2. Why can't Greece be more like Cyprus?
    Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]

    Agora

    needed to bailout the eurozone countries, with Athens taking up almost 250 billion euros (more than... with them than about what the future holds. Surveying the current lay of the land, one sees... for a better balance over the years but we’ve arrived at a point now where more than 80 percent of public

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  3. Time deposit rate falls to record low of 0.71 pct, loan rate drops to 4.83 pct
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    . It currently stands 27 bps higher than the eurozone average rate of 0.44 percent. The recorded decrease... stand more than 250 bps above the euro area average rates. In the household lending sector... a recent peak at 5.01 percent in the previous month. The decline in the average loan rate more than

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  4. An unfounded argument leaves Greece in limbo
    Photo by Angelos Christofilopoulos/Fosphotos

    Agora

    with its eurozone lenders add up to a primary surplus of no more than 1.5 percent of GDP in 2018... primary surpluses than proposed for Greece.” However, looking at the European Commission’s macroeconomic... to be the most critical of Greece are not expected to run primary surpluses of more than 1 percent

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  5. General gov't primary cash surplus up to 5 bln in 2016, arrears fall by 1.1 bln in Dec
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    to 5.26 billion. Social benefits of 40.1 billion euros holds the lion’s share making up more than half...-residents (excluding EFSF/ESM/IMF) by 303 million more than offsetting a drop in EFSF/ESM/IMF loans by 282..., up by more than 5 billion from last year on the back of ESM disbursements of 10.3 billion mitigated

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  6. 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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  7. 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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  8. 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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  9. 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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  10. Piraeus Bank posts minor losses in Q4, almost breaking even for 2016
    Photo by MacroPolis

    EconomyBanking

    , the NPL stock declined further by more than 1 billion QoQ to 24.38 billion in Q4 from 25.35... was more than offset by loan deleveraging and further pressure on loan spreads. For the whole year, NII... of 2016. Gross loans increased by more than 1.4 billion euros QoQ to 66.6 billion in Q4, yet

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