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Greece ponders how to deal with rising unpaid private debt, which hit 88 pct of GDP
Economy), which are seen at 16 billion. More than half or the NPLs stem from corporate loans (42 billion euros... billion euros from more than 400,000 debtors and the latter’s at 7.5 billion from 370,000 debtors
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Greece sizes up task of restructuring corporate debt
Economybillion euros is less than half the figure of 42 billion recently disclosed by BoG governor Yannis... level rather than to just intervene at micro level. The workshop concluded that such exceptional cases
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After recent series of rises, economic sentiment and consumer confidence dip in July
EconomyMacroeconomyabove the 100-point mark for the second straight month, while it has improved by more than 11 points... by 1.2 points in July, falling to -51.0. This follows an improvement of more than 15 points
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Greek PMI falls again in July, dropping to 48.7 points
EconomyMacroeconomygoods. The rate of drop in July new orders was faster than that observed in June, mainly reflecting... prices were marginally higher than in June. One of the few areas of cost pressure stemmed from
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Don't let the facts get in the way of "Argentinology"
Agoravia a currency board in an attempt to curb hyperinflation which had averaged more than 300 percent... in circulation than the central bank has reserves (dollars in this case) so it can convert them one
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Unemployment at 27.2 pct in May, hardly changed from previous months
EconomyMacroeconomystand around 0.5 percentage points (pp) lower than a year ago. Although youth unemployment fell by 6.5... the past two years, yet it has more than doubled compared to the May 2009 figure of 24.9 percent
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Tourist arrivals in June increase 13.7 pct, bringing significant rise in receipts
EconomyMacroeconomy, 6 percentage points higher than the rate of arrivals. A similar pattern was also evident... tourism sector each year. In 2013, more than half (55.4 percent) of the full year arrivals occurred
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Greek trade deficit rises by 7.4 pct in June but rate of increase slows
EconomyMacroeconomy, which was slightly lower than that in May (1.72 billion). The movement in June reflects an increase... of 32.6 percent, significantly higher than the headline figure of 7.4 percent. The geographical
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Samaras seeks late summer boost from talks with troika in Paris
PoliticsGreek Politicsof the year at the Thessaloniki International Fair on Saturday and would like nothing more than to be able... to elect a new president. The coalition needs to convince more than 25 independent MPs and lawmakers from
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Car sales up by 20.8 pct in August but rise continues to slow
EconomyMacroeconomysingle-digit increases in the fourth quarter of 2013. Passenger cars, which make up more than 80... period, spot on the country average rates. The Attica region is registering more than half
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