Search
-
Credit contraction decelerates to 0.9 pct in April, net additions climb to 659 mln
EconomyMacroeconomyhas prevailed in the Greek banking market. The loan balance has dropped by more than 25 percent amid... this 6-year period has been posted by consumer credit (-30.8 percent), followed by housing (-24.7
2% -
Athens encouraged by terms for new round of Cyprus talks
PoliticsForeign Policyto conclude before the first week of July, as France’s Total has scheduled to begin on July 12 its search for hydrocarbons within the Cyprus Exclusive Economic Zone. This planned operation has prompted.... June is seen as the best possible month for a resolution. The international community has lost its
2% -
Eurosystem funding drops by 2.2 bln in May, mostly on further decrease in ELA reliance
EconomyMacroeconomysector deposit flows”, BoG noted. Eurosystem funding has been reduced by 9.69 billion in the year-to-date... programme review, the Central Bank funding has been slashed by 38.79 billion with more than 62 percent of this decrease attributed to lower ELA funding. Furthermore, Greek banks’ Eurosystem funding has
2% -
Greek media often sensationalised coverage of refugee crisis, study argues
SocietyA study by the Ethical Journalism Network has highlighted the conflicting approach of Greek media..., spurred on by religious leaders. The media, meanwhile, has failed to humanise refugees who are now... crisis has largely fallen off the agenda of the local media who have reverted to covering sensational
2% -
Coalition defends deal with lenders, opposition exerts pressure
PoliticsGreek Politicsthat the country’s economy performs strongly. At the same time, the government has tried to kill off any... to the agreement in the local media has been largely unenthusiastic. The opposition parties, meanwhile... the lenders asked for. New Democracy has also asked for a parliamentary debate to be held
2% -
Credit contraction slightly accelerates to 1 pct in May on deductions of 395 mln
EconomyMacroeconomyedging 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
2% -
Some relief for coalition but bold claims about programme exit a concern
PoliticsGreek Politicsthat 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
2% -
PASOK launches attempt to form alliance that would rival SYRIZA
PoliticsGreek PoliticsPASOK 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
2% -
Athens hopes for sub-tranche this week, ND keeps up pressure on Kammenos
PoliticsGreek Politicsto 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
2% -
Unemployment rate falls to 21.7 pct in April, lowest since Jan 2012
EconomyMacroeconomywhen 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
2%