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Greek gov't and Parliament on hold, waiting for cabinet reshuffle
PoliticsGreek PoliticsIt would be an exaggeration to say that the Greek government entered a state of paralysis following... will certainly be a challenge for the Greek government. It has been reported that Venizelos has.... The government’s move led opposition parties to accuse it of fearing political debate and trying to put off
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Greek stocks post second highest drop on record over political concerns
Economy-off prevailed on Tuesday from the market opening and was widespread across all sectors, accelerating... of snap elections. Frοm the beginning of the month until Tuesday the Greek stock market had recorded... exceeded 20 and 16 percent. Over the past 6 months, Greek bank stocks have lost almost 42 percent
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To Potami aims for rapid rise to third spot in Greek elections
PoliticsGreek Politicscast the nascent centrist party into a pivotal role in Greek politics. Founded in February by journalist Stavros Theodorakis, To Potami has enjoyed surprising success by Greek political standards... that resonates with part of the population that would like to see the normally esoteric Greek parties
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Sharp increase for Greek bank provisions in Q2 due to capital shortfall highlighted by ECB
EconomyBankingconducted by the ECB’s Single Supervisory Mechanism (SSM), Greek banks released on Saturday evening... on the back of lower deposit cost, leading core PPI (excluding one-off items) up 1.1 percent QoQ... percent to 31 billion, mainly reflecting Greek deposit outflows. The L/D ratio markedly deteriorated
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Greek stocks rebound 2.4 pct, banks edge down for fourth successive week
EconomyThe Greek equity market largely traded in positive territory this week but on extremely soft... to 576.12 on Friday, up by 2.4 percent this week. Since the end of July, Greek shares have edged up 0.8... and NBG gained 3.3 percent. Excluding the one-off transaction related to the transfer of OLP shares
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Greek stocks on the rise again, end week 2.1 pct up
EconomyThe Greek equity market headed north for the second straight week, rising by 2.1 percent, while... review. Discussions between the Greek authorities and the institutions’ teams are expected to kick off next week. The general index of the Athens Stock Exchange climbed to 589.29 on Friday, reaching
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Greek stocks edge up 0.8 pct for third successive week
EconomyAfter some ups and downs, the Greek stock market edged up 0.8 percent this week, while trading volumes remained subdued for the fifth straight week. The second programme review kicked off on Friday... on Friday. Since the beginning of October, Greek equities are up by 5 percent. Bank shares fell
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Greek banks meet NPE and NPL reduction targets in Q4 2016, mostly on write-offs
EconomyBankingGreek banks met their non-performing exposure (NPE) and non-performing loan (NPL) reduction targets.... The breakdown by lending segment showed Greek banks met NPE and NPL stock and ratio reduction... that NPEs (including off-balance sheet items) dropped for the third straight quarter by 1.2 percent
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PMI at 53.5 pts in June as Greek manufacturing sector finishes Q2 on a positive note
EconomyMacroeconomyof the Greek manufacturing sector, which had held steady during the first quarter of the year, had remained... high that output would grow in the next year as orders drove new production. Sentiment eased off... began. Markit analysts commented that the Greek manufacturing sector had remained relatively robust
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Moody's explains cautious approach to Greek credit rating upgrade
Economypaying off. This positive development will require Greek authorities to stay focused on fully... that a downgrade is unlikely given the positive outlook, rating pressures could develop if the Greek... that the budget execution remains solid and given continued overperformance next year, the Greek authorities
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