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  1. Athens hoping for de-escalation in Aegean as it seeks pension backpay solution

    PoliticsGreek Politics

    that the situation could flare up by accident rather than design. In response to increased activity from..., it will be another feather in his cap after he faced up to what was seen as a Turkish provocation... for the decision to stand up to Turkey. There was also an effort to put on an outward display

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  2. Piraeus Bank posts pre-tax losses of 215 mln in H1
    Photo by MacroPolis

    EconomyBanking

    ) in H1 came to 727 million, up by 1 percent YoY, mainly on the back of improving funding costs... billion in H1. Private sector deposits increased by 800 million up to the end of June. The liquidity... fee income came to 151 million, up by 3 YoY, driven by loan generation, asset management

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  3. General govt primary cash deficit at 5.48 bln in June as tax revenues fall

    EconomyMacroeconomy

    ) and state budget (-3 million). At 31.2 percent of the total, hospital arrears make up the majority... and made up 17 percent of the total. In other underlying categories, a rise of 1.20 billion euros was seen in T-bills, making up 3.5 percent of the total. EFSF/ESM/IMF loans fell by 1.17 billion euros

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  4. Greece's post-lockdown hubris
    Photo by MacroPolis

    Agora

    . But things were already starting to take a worrying turn, with the number of new cases gradually edging up... traced contacts made up 41 percent and untraced infections in the community account for just under 34... in squares began to crop up in the days before bars were allowed to open, largely attended by young people

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  5. Pandemic's growing economic impact warrants extra support measures, funded by cash buffer
    Photo by MacroPolis

    PoliticsGreek Politics

    on ND to come up with more assistance for afflicted businesses, particularly in the tourism sector... be funded from the existing reserves, rather than new borrowing. This appears to back up media reports... to 2.55 billion in 2019. Overall, receipts were 678 million up to June, compared to 5.41 billion last year

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  6. Insolvency code, 'second chance' for debtors unveiled as ND eyes social impact of crisis
    Photo by MacroPolis

    PoliticsGreek Politics

    for a formula that would avoid Greeks who built up debts during the crisis losing their assets and being left... protecting primary residences from foreclosure expired at the end of July, the government came up... will end up at 8 pct of GDP, although other estimates put it at around 10 pct. The GDP data from

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  7. PM seeks fine balance as he prepares to unveil latest set of fiscal measures
    Image via primeminister.gr

    PoliticsGreek Politics

    Prime Minister Kyriakos Mitsotakis is building up towards his economic policy speech... for the government to come up with direct support measures to keep them afloat. The tourism industry... due to the pandemic. Initially, March and April obligations were frozen up to the end of August

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  8. Banks remain largely profitable in Q2, with focus on NPL reductions
    Photo by Angelos Christofilopoulos/Fosphotos

    EconomyBanking

    2019. Total provisions account for 60.6 percent of NPEs, up by 610 bps YoY, taking into account... Bank said that no auctions had taken place in Q2 due to the pandemic. Up to the first half of 2020... of existing loans. According to eauctions.gr, around 320 properties were put up for auction last Wednesday

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  9. ND clarifies plans for emergency health system capacity as public mood over Covid-19 sours
    Photo via www.primeminister.gr

    PoliticsGreek Politics

    of the virus, up from just under a third in May. The behaviour of individuals is blamed by 44 percent now... to two thirds of respondents finding support for businesses and workers inadequate. Up to 38 percent are ready to blame the ND government for a recession, up from 7 percent in May. The survey also

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  10. PM unveils 50 more ICU beds as Covid-19 death toll passes 500
    Photo via www.primeminister.gr

    PoliticsGreek Politics

    in Athens on Monday as the government steps up its efforts to respond to the coronavirus challenge... by the economic crisis during the previous decade. Another of the government’s aims is to shore up... to this issue, up from just 15 pct in May. As a result, the ruling centre-right party is keen

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