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  1. Our cruel summer
    Photo by MacroPolis

    Agora

    ferry as it was about to set sail from Piraeus to Crete. CCTV footage shows he was confronted by several...” or “Pakistani” to be used liberally as a catch-all description for anyone deemed to be inferior or dispensable

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  2. Unemployment hit new high of 27.8 pct in October, set to rise further

    EconomyMacroeconomy

    Greece officially assumed the presidency of the European Union on Wednesday, with the highest unemployment rate in the 28-member bloc. According to the Hellenic Statistical Agency (ELSTAT), the seasonally adjusted jobless rate in October stood at 27.8 p...

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  3. Long-term jobless rate of 71 pct poses new set of social challenges for Greece

    Society

    There was a time when Greece’s unemployment rate caught the media’s attention as it quadrupled from 7.3 percent in the third quarter of 2008 to the recent record high of 27.8 percent in the first quarter of 2014. There is less of a fuss these days, thou...

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  4. Greek banks' potential capital shortfalls set to be reduced by more than 2.5 bln
    Photo by MacroPolis

    Economy

    Greek media reported on Tuesday that the Ministry of Finance (MoF) will soon table in Parliament a draft bill which will allow the conversion of Greek banks’ Deferred Tax Asset (DTA) into tax credit. The new legal framework has to be approved by the Eur...

    9%

  5. ECB set to provide extra liquidity to Greek banks but capital needs remain an issue
    Photo by MacroPolis

    Economy

    In its latest comment on Greek banks, Fitch noted that they remain burdened by a large stock of non-performing loans (NPLs), despite capital enhancement and progress with their restructuring plans. On the key issue of the European Central Bank’s compreh...

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  6. First Greek presidential vote to set tempo for final ballot on Dec 29

    PoliticsGreek Politics

    The first round of the presidential ballot on Wednesday evening (7 p.m. Greek time) is unlikely to provide any clear indications about whether the current Greek Parliament will manage to elect a new head of state by the final vote on December 29. The go...

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  7. Greece prepares set of proposals for bridging deal with eurozone

    PoliticsGreek Politics

    One day after Prime Minister Alexis Tsipras’s presented his government’s policy programme in Parliament, the Finance Ministry has been briefing journalists on what will be the four pillars of Greece’s proposal to the Eurogroup on Wednesday. Unlike earli...

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  8. Higher revenues set to ease coalition's liquidity concerns
    Photo by MacroPolis

    EconomyProgramme

    The Greek state has to imminently cover funding needs of around 1.2 billion euros this week in two key transactions, which are the most important for April’s obligations. The first relates to the rollover of 1.4 billion of 6-month T-Bills that mature on...

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  9. Outcome of next vote on prior actions to set tone for political developments
    Photo by MacroPolis

    PoliticsGreek Politics

    Prime Minister Alexis Tsipras hopes to clear this week the last legislative hurdle at home before resuming negotiations with lenders on the details of a third bailout for Greece. The multi-bill due to be passed through Parliament on Wednesday sweeps up ...

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  10. SYRIZA buffeting continues as parties get set for official start of election race

    PoliticsGreek Politics

    All the indications are that Greece will appoint a caretaker prime minister on Friday, paving the way for elections to be held, most probably on September 20. Popular Unity leader Panayiotis Lafazanis is expected to hand back the exploratory mandate on ...

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