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  1. Young Greeks more likely to swap items and buy second hand
    Photo by MacroPolis

    Society

    different practices to the previous generation. We have seen for instance, that there has been a rise..., electrical goods and furniture has yet to take off. Just 14 percent of respondents said they had “probably.... This seems a notable development given that the economic crisis has contributed to charity

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  2. DIMAR imploding and leaving gap in Greek center left
    Photo by MacroPolis

    PoliticsGreek Politics

    cleavage that has developed in the party over the last few months is whether DIMAR should engage... administration in the future. Kouvelis has tended to favour the latter option, angering many pro-reform.... There are serious doubts about how long the party can survive. DIMAR's future has significant

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  3. Most Greeks saw income fall over last year, limiting purchasing power
    Photo by MacroPolis

    Society

    (GSEE), which was published on July 17, highlighted how salary earners’ purchasing power has been... with a wage of 1,500 to 2,000 euros. Although there has been a trend towards stabilisation over the last... their needs, while 22 percent relied on borrowed money. Lower purchasing power has also a negative impact

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  4. After recent series of rises, economic sentiment and consumer confidence dip in July

    EconomyMacroeconomy

    above the 100-point mark for the second straight month, while it has improved by more than 11 points... until October 2012 when it settled at 79.6 points. Since then, it has been moving upwards... 2010 until August 2013. Since then, it has cumulatively improved by 25.6 points. Unlike economic

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  5. Moody's upgrades Greek rating by two notches to Caa1 - here's why

    Economy

    percent respectively. Although Greece’s ambitious structural reform agenda has had mixed results so far, Moody’s notes that the government has made good progress on labour market reforms...) a banking system that has high levels of non-performing loans and is unsupportive to economic growth, d

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  6. Finance Ministry scrambles to correct property tax after error-strewn debut

    EconomyMacroeconomy

    that the payment of the first installment would be postponed for the end of September. It has not yet... of February). The MoF has not released until now any official statement on the postponement... has resulted in a higher tax burden compared to the previous year due to the abolition of tax breaks

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  7. Rate of credit contraction rises to 3.7 pct in July, balances fall
    Photo by MacroPolis

    EconomyMacroeconomy

    by the July performance. Since the beginning of 2011, there has been an unabated credit contraction unabated, which has been hovering between 3.5 and 4 percent this year. An increase in non-performing loans... to provide a comprehensive solution for the management of NPLs, the BoG has recently published

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  8. Samaras, Tsipras under pressure to deliver on plans for economic policy
    Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]

    PoliticsGreek Politics

    The government has built up expectations regarding Prime Minister Antonis Samaras's economic policy.... The coalition has been suggesting over the last few days that Samaras's speech will mark the beginning... will be under pressure to provide something more tangible to voters. SYRIZA has yet to finalise, including

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  9. Piraeus Bank reports net profit of 164.3 mln in Q2
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    EconomyBanking

    441 branches (26 percent of total) have been shut down over the past 12 months. The bank says it has... exit scheme and the realisation of revenue synergies. It is reminded that Piraeus Bank has absorbed... increase in Q2, the bank has a capital buffer of 4.4 billion under the base and 5.9 billion under

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  10. S&P upgrades Greece one notch to B, sees growth in 2015

    Economy

    by 16 percent over the past five years has helped the tourism sector. However, unlike Spain, Portugal and Ireland, the manufacturing sector has not benefited to the same extent. In addition, investment... the government has little room for further maneuver on the expenditure side. The rating agency views

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