Search
-
Coalition turns focus to bribery claims, eyes damage to opposition
PoliticsGreek Politicsfor the setting of prices in other parts of the European Union. It has been known since last year that Greek.... However, the timing of the news that politicians may be implicated in the Greek case has caused some...-for-contracts affair involving Siemens, which rocked Greek politics for many years. He rejected the opposition
1% -
Greece issues 7-year bond, moves closer to wrapping up third review
EconomyProgrammeof the 110 prior actions had been completed. According to Greek Finance Ministry officials, the number has gone up to 103 or 104 since then. According to the Greek media, Athens is completing all but two.... The Greek side is keen to ensure that the public discussion will not just be about what commitments
1% -
Novartis bribery claims to be examined by parliamentary inquiry
PoliticsGreek PoliticsGreek politicians were bribed by pharmaceutical giant Novartis, in what is becoming the most dominant issue in Greek politics at the moment. Following several meetings with members of SYRIZA’s... between the government and the opposition. Given the history of such inquiries by Greek Parliament, which
1% -
Manufacturing wage cuts were turned into profit, GSEE study claims
EconomyFeaturesA study by the General Confederation of Greek Workers (GSEE) has stated that lower wages during... reductions had been a cornerstone of reforms in the Greek economy since 2010, based on the principle... the effects of international supply and demand on prices. In their bulletin, titled “Greek manufacturing
1% -
Some loose ends ahead of Eurogroup, questions remain over IMF's role
EconomyProgrammeThe Greek government goes into Monday’s Eurogroup, which will be accompanied by a meeting... or the Greek government, which is not in desperate need of funds at the moment. Nevertheless, the completion... will take regarding the Greek programme. They highlight that although the Fund sees Greece as a way
1% -
Eurogroup confirms third review almost done but e-auctions still a concern
EconomyProgrammethat his intervention drew a sharp response from Greek Finance Minister Euclid Tsakalotos, who asked... buffer that the Greek government will create by the end of the programme in August. The total... – how much money are you going to set aside?” The Greek minister confirmed that the government aims
1% -
Credit contraction at 0.8 pct in January as household, corporate lending falls
EconomyMacroeconomyCredit contraction in the Greek market remained unchanged at 0.8 percent in January, staying static... the 23-billion-euro mark for a third month and came to 22.21 billion. The Greek market has been experiencing... for Greek banks. NPEs currently stand at around 50 percent, representing roughly 62 percent
1% -
Deposits turn negative in Jan with outflows of 1.40 bln
EconomyMacroeconomyNet deposit movement in the Greek banking system turned negative in January with outflows of 1.40... has been a characteristic of the Greek banking sector for the past 17 years, with the exception being... confidence in recent months, which manifested in positive deposit inflows into the Greek banking system
1% -
Tension between coalition and political opponents here to stay
PoliticsGreek Politicsauthorities have forwarded to Greek prosecutors information regarding alleged kickbacks paid to local... of the total outlay to Greek political parties. In his speech at the Delphi Economic Forum on Friday... Democracy and PASOK. “They were giving away the Greek people’s wealth many years before they led us
1% -
Clearer roadmap for completion of third programme emerging
EconomyProgrammein the June Eurogroup. When asked about the latest rumours that had appeared in the Greek press... due to pressure on Greek sovereign debt over the last few weeks that pushed yields up. Over the week, trading volumes in the Greek government bond market have increased, more than doubling to 86
1%