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  1. Credit contraction slightly accelerates to 1 pct in May on deductions of 395 mln
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    edging down to 24.25 billion. Since the beginning of 2011, credit contraction has prevailed in the Greek banking market. The loan balance has dropped by 25.4 percent amid continued deleveraging, with net deductions of more than 40 billion euros. The sharpest decrease over this six-year period has been

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  2. Some relief for coalition but bold claims about programme exit a concern
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    that has been created after Moody’s upgrade of Greece's credit rating . The first return to the markets... believe that a completely clean programme exit is possible and Tsipras has an unenviable record... that his government has managed to move the country forward. If he taps the market at a similar

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  3. PASOK launches attempt to form alliance that would rival SYRIZA
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    PASOK leader Fofi Gennimata has initiated a process aimed at creating a new centre-left alliance..., he has been suffering from serious health problems, but it is not clear if he will receive... to challenge Gennimata, who has failed to convince some within the party that she can offer anything

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  4. Some optimism for Cyprus talks but complex issues remain
    Photo via Flickr https://flic.kr/p/7bBypS

    PoliticsForeign Policy

    behind closed doors has not yet been leaked or published. Much is being said and negotiated... of negotiations has all the necessary tools to provide a reliable political framework that could form the spine... beyond the political framework and get lost in the details, as has happened many times in the past.

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  5. Athens hopes for sub-tranche this week, ND keeps up pressure on Kammenos
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    to approve the Supplemental Memorandum of Understanding but noted that Athens still has to satisfy its... has been resolved and that two ministerial decisions relating to the engineering profession and the out-of-court mechanism are pending. He claimed that the IMF has not asked for confirmation right now

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  6. Unemployment rate falls to 21.7 pct in April, lowest since Jan 2012
    Photo by Giannis Papanikos/Fosphotos

    EconomyMacroeconomy

    when data was first made available. Over the last 12 months, the jobless rate has been reduced by 1.9... (ELSTAT) figures, the lowest reading for Q1 since 2012. The IMF has adopted an optimistic unemployment forecast of 21.9 percent for 2017. The OECD has said that it expects the jobless rate to settle

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  7. Blame game follows collapse of Cyprus reunification talks
    Photo by Andrea Bonetti/Fosphotos

    PoliticsForeign Policy

    has taken place so far. Anastasiades criticism President Nicos Anastasiades has come under criticism... not put his name to this position, even when Guterres has asked him to do so, Greek sources said

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  8. Possibility remains for trial bond issue before IMF debt analysis
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    , and that’s a very different story from the past.” Regling has used the example of what other programme... director Christine Lagarde has said the Fund’s board will decide by July 27 on whether the organisation... of positive conditions has to be balanced against the concern about rushing now and undermining future bond

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  9. Survey reveals opinions around Greek shipping cluster's potential
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyFeatures

    Greece has the potential to develop into one of the world’s major shipping hubs over the next few... with over 5,272 vessels and generates around 6.5 percent of the country’s GDP and has a substantial... maritime capitals of the world will be located in Europe”. It elaborates that while Greece has

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  10. Athens holds off on bond as Tsipras talks up labour market
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    anonymous comments to the local media, officials said no decision has been taken yet, repeating the mantra..., with some confirming that no move has been made yet but also suggesting that one is looking imminent... not declaring income because of higher social security contributions) this has not happened so far. He

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