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  1. Budget primary surplus of 2.38 bln by April, continues to beat target due to restricted spending

    EconomyMacroeconomy

    edged up 1.7 percent in April to 3.12 billion euros, which is 472 million lower than target... in the 4-month period, up 11.9 percent from last year. However, they remained below target of 1.12 billion

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  2. Slow pace of returns and relocations leaves refugee crisis finely balanced
    Photo by MacroPolis

    PoliticsForeign Policy

    of officials upholding migrants’ rights. However, the gradual build-up of people at island hotspots... will be watching with much anxiety to see if this is a temporary hold-up in the process of granting Turkish

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  3. A Eurogroup deal that might be hard to stomach

    Agora

    of GDP up to 2040 and under 20 percent until 2060. According to the IMF’s analysis, a significant debt... for no interest payments for EFSF loans for 17 years and ESM and GLF loans for up to 24 years. It also asked

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  4. Piraeus reports net loss of 37 mln in Q1, records negative NPL formation for first time since 2008
    Photo by MacroPolis

    EconomyBanking

    billion which correspond to 26.2 percent of the loan book up from 25.7 percent in Q4. On the asset... at the end of March. However, due to the continued deleveraging, the NPL ratio edged up to 39.8 percent

    3%
  5. Net profit of 87 mln for NBG in Q1
    Photo by MacroPolis

    EconomyBanking

    with the management guidance for 150-170 bps for the whole 2016. Overall, loan loss reserves edged up to 12.9... for the second straight quarter, while that for small business loans edged up to 10 million. Overall, the NPL

    3%
  6. Feeling weight of measures, SYRIZA seeks way to re-connect with voters
    Photo by MacroPolis

    PoliticsGreek Politics

    As the government goes in search of ways to make the final tweaks needed to secure its first bailout tranche in half a year, things on the domestic political scene are starting to hot up as a result... it can strike up a bond with the Greek electorate and secure social peace long enough so the country’s

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  7. Paddling with a wooden spoon
    Photo by MacroPolis

    Agora

    would have balked at: 3 percent of GDP in fiscal measures, the setting up of a new privatisation... on the Greek government to sew up a deal before it ran out of cash during the course of June. This time

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  8. Government hopes offer of tax breaks and grants will spark growth boost

    EconomyMacroeconomy

    of investments, the law foresees a stable tax rate for 12 years or a tax exemption up to 10 percent... for up to seven years of the leasing cost of new equipment, subsidy of the new job positions’ payroll

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  9. Coalition and New Democracy at odds over anti-government protests
    Photo by MacroPolis

    PoliticsGreek Politics

    commentators have pointed out, it is possible that Fylis’s approach may end up serving...) earlier this year, with something tangible to back up its claim that the public mood has turned so

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  10. Encouraging signs for Greek banks in Q1 results but NPL management looms large
    Photo via Flickr https://flic.kr/p/4hVnhM

    Agora

    a total amount of deferred tax asset (DTA) of 19.48 billion euros, making up 69 percent of TE. Alpha has... and market cap of 1.86 billion stands at the low end, while is trading at 0.35x its TE. Summing up

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