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  1. Government tries to limit damage from corruption claims but more tests lie ahead

    PoliticsGreek Politics

    a transparent and fair auction for TV licences, the Greek government has started to hit back against accusations... be the chink in Tsipras’s armour. The state minister is the premier’s closest adviser and has been... recovery could be higher than the 2.7 percent of GDP that has been forecasted. He stressed the important

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  2. Tsipras encounters SYRIZA resistance, waits for court verdict on TV licences
    Photo by MacroPolis

    PoliticsGreek Politics

    Prime Minister Alexis Tsipras has been given a reminder by his party that he will not have it all... the liberalisation of the energy market that has been agreed with the lenders. The stance of the 53... licencing procedure, which he took it upon himself to oversee, has weakened his position and triggered

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  3. Bank credit contracts by 1.7 pct in September on loan deductions of 355 million

    EconomyMacroeconomy

    in August. Since the beginning of the year, the corporate lending sector has recorded deductions... has remained persistently negative since the beginning of 2011 with cumulative deductions of around 40 billion dragging loan balances down 23 percent over this period. Consumer credit has posted

    2%

  4. Economic sentiment and consumer confidence markedly improve in October
    Photo by MacroPolis

    EconomyMacroeconomy

    in October, which is the highest reading since March 2015, while has recorded gains of 6.2 points... the beginning of the year, it has soared by 17.9 points. The industry confidence rebounded by 1.5 points... months, the retail trade indicator has posted the most notable rise of 26 points followed by the services

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  5. New Democracy seeks higher ground in escalating TV permits row

    PoliticsGreek Politics

    that the watchdog could assume its duties. Polydoras, however, has long split from the conservative party. He... court’s full ruling before deciding on how to launch a new licencing scheme. New Democracy has... Democracy has decided to present itself as the party that will defend Greece’s institutions

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  6. Eurobank records net profits of 85 mln in Q3, updates on NPE reduction targets
    Photo by MacroPolis

    EconomyBanking

    the last two quarters, the headcount has been cut by around 1,000 to 15,935 employees, while the network has been reduced by 75 to 840 branches. Impairment losses declined by 14.1 percent QoQ to 191... until November 9. Since the end of June to date, ELA funding has been reduced by 2.7 billion to 13.1

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  7. Liquidity and NPL resolution feature prominently in draft deal between Greece and lenders
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyProgramme

    summary report on the developments regarding Greek banks’ NPL strategies and targets. BoG has... workout. According to the draft sMoU, an agreement has been reached allowing for both large and small... debt to be excluded from any haircut. The draft sMoU also notes that the government has to amend

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  8. Unemployment rate falls to 23.1 pct in September, lowest since March 2012
    Photo by MacroPolis

    EconomyMacroeconomy

    of employed has risen by 60,600, while that for the jobless has declined by 81,000. Τhe non-seasonally... percent in 2016. However, there is a significant divergence in their forecasts for 2017. IMF has

    2%

  9. Eurosystem funding drops by 3.3 bln in Nov for 17th straight monthly fall

    EconomyMacroeconomy

    in November to a new low since the end of 2012. It has been reduced by 16.35 billion since June 2015... has been recorded in the last six months in the wake of reinstatement of waiver on Greek government.... Overall, Eurosystem funding has been cut by more than 58 billion in the last seventeen months, also

    2%

  10. Turnover in services sector improves in Q3
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    ) and telecommunications (+1.1 percent). Since 2001, the most notable nosedive has been recorded in advertising..., employment activities and other administrative and office support, the turnover has soared by 69.8... and accounting services has also surged by 49.1 percent over this period. The latest services confidence

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