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To Potami takes next step in mission to become key political player in Greece
PoliticsGreek Politicsa notable player in Greek politics. Although less than four months have passed since Theodorakis... in the country’s developments. To Potami’s short-term aim is likely to be to secure enough support (higher than
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Greek PMI falls to 49.4 in June, lowest since November 2013
EconomyMacroeconomyheading south, while post-production inventories dropped at a solid rate, although slower than in May... was slower than in May. Markit analysts concluded that: “Greece’s manufacturing PMI fell back below
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Young Greeks more likely to swap items and buy second hand
Societythe survey of more than 1,000 Greeks, suggest that the practice of reusing items such as clothes... of the total, more than charities and the church, which make up 33 percent.
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Loan and deposit rates edge down in May but remain above euro area average
EconomyMacroeconomydeposit rate is gradually falling, it remains more than 100 bps above the respective euro-area average rate of 1.42 percent in May. In addition, it is still higher than the respective rates in Spain
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Just 8 percent of Greece's 1.27 mln registered unemployed receive benefits
Societythat the numbers are even more alarming than most would imagine. Quoting figures supplied by Greece’s jobs... unemployed, meaning they had been out of work for more than 12 months. Also, 9.2 percent of those
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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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As imports rise, Greek C/A balance flips back to deficit in May
EconomyMacroeconomymore than offsett a rise in the services surplus by 190 million. The widening of the trade deficit... and ships, the trade balance in May did not show any meaningful change, while exports grew faster than
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Greek deposits inch up again in June, reaching 163.21 bln
EconomyMacroeconomy(BoG). Monthly net inflows more than doubled to 1.22 billion euros in June from 558 million in May... - savings’ inflows of 229 million more than offsetting time outflows of 708 million. June’s positive
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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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