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  1. Pension cuts dominate discussion as eurozone prepares to release final bailout tranche
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyProgramme

    the July 21 Eurogroup agreement and the European Stability Mechanism’s (ESM) executive board has not yet... euros in tax cuts that Greece will be allowed to make next year. The prime minister has asked for a set

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  2. Delay to final tranche over island VAT as lenders quash talk of pension cut reversal
    Photo by Sebastien Bertrand via Flickr https://flic.kr/p/7ZRenG

    EconomyProgramme

    The final disbursement of Greece’s third programme has been delayed for a few days after Germany raised objections to the way in which Athens decided to extend the discount on VAT on five Aegean... in Germany has not been closed is linked to the decision by the Greek government not to increase

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  3. June primary cash surplus at 6.49 bln as revenue increase offsets higher expenditure
    Photo by MacroPolis

    EconomyMacroeconomy

    . The latest figure is the first time since January this year that aggregate expenditure has increased year... the PIB balance came to a deficit of 92 million, the balance has improved by 55 million euros

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  4. IMF insists labour market reforms need to be preserved
    Photo via IMF photostream on Flickr [https://www.flickr.com/photos/imfphoto/]

    EconomyProgramme

    Ahead of the publication of the Article IV consultation for Greece which is due to be discussed by the International Monetary Fund’s (IMF) executive board on July 27, the Fund has reiterated its key... and product market reforms and improving the business environment. The IMF has consistently been

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  5. S&P revises outlook to positive, sees encouraging signs after debt deal
    Photo by Panayotis Tzamaros/Fosphotos

    Economy

    to positive from stable. S&P’s rating of ‘B+’ is ahead of the rest of the agencies. Fitch has Greece on ‘B... of the financial sector. Outlining its rationale, S&P suggests that Greece’s policy predictability has

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  6. Deadly wildfires likely to heap pressure on Tsipras and ministers

    PoliticsGreek Politics

    Devastating wildfires around Athens are thought to have claimed the lives of more than 50 people and wreaked extensive damage in what appears to be the worst disaster of its kind Greece has suffered... 90 people were killed, has the death toll reached the kind of numbers seen on Monday, when blazes

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  7. Tsipras tries to take lead in fire response amid picture of confusion
    Photo by Gerasimos Domenikos/Fosphotos

    PoliticsGreek Politics

    , the bold but necessary incisions were not made,” he said. Repeating another theme that his government has... into events in Mati. The head of the Athens first instance prosecutor’s office has been questioning

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  8. Industrial turnover up by 17.4 pct in June for highest rise in year so far
    Image via www.titan.gr

    EconomyMacroeconomy

    on Monday showed. The latest figure means that the index has remained positive for six straight months... months of negative readings. In the year so far, industry confidence has risen by 5.2 points.

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  9. Alpha Bank makes loss of 52.9 mln in Q2, reaching profit of 12.3 mln in H1
    Photo by MacroPolis

    EconomyBanking

    compared to the figure of 16.4 million in Q1. Since June 2017, NPL stock has declined by 2.3 billion... funding has declined by around 4.3 billion euros. The decline was achieved mainly by deposit inflows

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  10. Coalition tweaks labour market, lines up more post-MoU changes
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    Prime Minister Alexis Tsipras is putting the finishing touches to the package of policy pledges he is due to make at the Thessaloniki Expo (DETH) on Saturday, but his government has already taken... to a reduction in the ENFIA property tax (a measure that has also been promised by New Democracy

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