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After rocky start, some political backing for SYRIZA but ECB holds key
PoliticsGreek PoliticsMichel Sapin after the pair held talks in Paris. In a more measured performance than his appearance... of a high deposit outflow in December and January (more than 14 billion euros in total) Greek banks
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Greek coalition sets out plans for public sector, wages and pensions
PoliticsGreek Politicsand unions rather than in one go. It is estimated some 300,000 Greeks earn the minimum wage. Instead... for pensioners earning less than 700 euros a month. It is estimated that these interventions will cost
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After Schaeuble talks, Greek gov't still focussed on ditching existing bailout
PoliticsGreek Politicsnot accept anything other than the existing terms. Varoufakis, though, continued to indicate... on February 11) to discuss anything other than a second extension to the existing programme.
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Greek apartment prices down 5.8 pct in Q4 2014
EconomyMacroeconomyin 2014 from more than 116,000 in 2008. Similarly, the volume and value of transactions shrank by 86... a cumulative contraction of more than 13 percent over the past four years. In addition, non
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The government decisions that could shape the future of Greek banks
EconomyExchange and whose trading activity accounts for more than half of the daily turnover, back into focus..., the HFSF funds cannot be used for other than bank recapitalisation purposes. This means
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What we've got here is a failure to communicate
Agoraswap rather than a haircut. Again, anyone observing what key players in SYRIZA had been saying before the elections (rather than taking as gospel the official party line) would have been aware
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Everybody be cool
AgoraIt’s less than three weeks since the Greek government was elected and its Finance Minister Yanis Varoufakis has just taken part in his first Eurogroup – an experience that some of his predecessors... with the domestic political repercussions. There is so much more that keeps Greece and its lenders together than
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Finance Ministry outlines plans for making savings, increasing revenues
EconomyProgrammeon local governments and hospitals. Mardas said that procurements of less than 60,000 euros amount... higher than the market wholesale prices. With the new electronic system that would be in place all
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Greece sets out broad reform plan for lenders' approval
EconomyProgrammeaccount for more than half (56 percent) of total expenditure. The non-wage benefits will be reviewed... Finance Ministry target to collect more than 3 billion euros from unpaid tax obligations
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Greek credit falls by 2.9 pct in Jan as lending balances reach 214 bln
EconomyMacroeconomyGreek bank credit contracted by 2.9 percent year on year (YoY) in January, which is slightly slower than the 3.1 percent recorded in December, according to the Bank of Greece (BoG). The January rate... balances rose by more than 2 billion month on month (MoM) to 214.14 billion in January from 212.04 billion
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