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  1. Piraeus Bank reports net profit of 164.3 mln in Q2
    Photo by MacroPolis

    EconomyBanking

    . This quarter’s profitability benefitted from two one-off items: The first relates to the recognition... shows a delinquency less than 89 days past due. The management said that the bank’s statistical... and Eurobank at 103 percent and lower than Alpha’s at 119 percent. Eurosystem funding remained flat QoQ at 10

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  2. OECD report paints grim picture for Greece's labour market
    Photo by Harry van Versendaal

    EconomyMacroeconomy

    , when the decline of Greece’s figures lagged only those of Portugal, in the other three years... is ranked 19th among the 32 OECD countries in terms of job’s good-quality of earnings, while it stands at the low-end (31st place) in both high labour market security and good working environment. Spain’s

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  3. Athens pleased with Brussels appointments but new Commissioner faces big task
    Photo by MacroPolis

    PoliticsGreek Politics

    of the best positions a Greek commissioner could secure outside of the top jobs on the EU’s executive... This will be a test of Avramopoulos’s ability. The New Democracy politician was nominated by the government after... the European Commission’s chief spokesman. Schinas, who has worked at the Commission and the EU Task Force

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  4. Greeks most sceptical of EU and US policy towards Russia, poll indicates
    Photo by Amanda Graham via Flickr https://flic.kr/p/m9xx6

    Society

    as positive; they were also the most likely to disapprove of the US’s policy on Russia (62 percent),” said... Barack Obama’s handling of international policies, as opposed to 64 percent of Europeans who... bad for their country said that this was because it had harmed their country’s economy. Sixty-nine

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  5. Run this way: The recurring pattern of Greek leaders
    Photo by Can Esenbel [http://www.mundanepleasure.com/]

    Agora

    country’s banking system and visited Parliament to engage in democratic debate with MPs (he rarely... approved of what Tsipras proposed, compared to 18 percent who backed Samaras’s pledges... said that Tsipras’s plan had not been thought through properly or could not be implemented

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  6. Greek trade deficit widens by 29.4 pct in July as import rate soars

    EconomyMacroeconomy

    The rate at which Greece’s trade deficit is expanding was back into double digits in July, when... trend for the third successive month. July’s growth rate is the highest reading since November 2012... deficit’s growth rate is 10 percentage points lower than that of the headline figure at 19.4 percent

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  7. Greece's troika talks begin with apparent deal on 2015 surplus
    Photo by MacroPolis

    EconomyProgramme

    mission, the outcome of Tuesday’s inaugural meeting suggests an initial agreement on the fiscal target... percent. In addition, this indicates that the troika’s view for sticking with the EAP target prevailed.... The Greek government believes this outperformance will help it reach next year’s target. While

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  8. Greece changes banks' DTA conversion law to secure ECB/EBA approval
    Photo by MacroPolis

    Economy

    will be reduced each year by the amount of the year’s corporate income tax. d) As of 2015, whenever a bank...) will be incorporated in the ECB’s comprehensive assessment. This reportedly applies particularly for banks which... as of 2015, the risk of loss making year(s) over the long-term should not be ruled out. However, only

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  9. ECB set to provide extra liquidity to Greek banks but capital needs remain an issue
    Photo by MacroPolis

    Economy

    . On the key issue of the European Central Bank’s comprehensive assessment, Fitch said the process... is not fully incorporated. The rating agency’s base-case scenario assumes that Greek banks will fill any... that this will happen. Greek bank’s ECB funding collateral is made up of state-guaranteed bank bonds (up to 40

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  10. August trade deficit shrinks by 29.5 pct as imports fall faster than exports

    EconomyMacroeconomy

    Greece’s trade deficit narrowed by 29.5 percent in August, after soaring by a similar rate in July... the first data is avalable. August’s performance reflects a 16.3 percent drop in imports and a 5.7 percent decline in exports. Exports fell for the second successive month and August’s reading

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