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  1. EU Task Force sees progress on reforms and structural funds in Greece

    EconomyProgramme

    for clearance and cost reductions of 20 – 50 percent in the past 6 months. In addition, the Greek authorities

    12%

  2. Stress mounts ahead of ECB's tests on Greek banks
    Photo by MacroPolis

    Economy

    at 20 billion euros. On March 6, the BoG unveiled Greek banks’ capital needs at 6.4 billion euro

    12%

  3. BoG shows lower deposit rates and a sharper drop in loan rates in June

    EconomyMacroeconomy

    on outstanding volumes posted a drop of 6 bps to 3.75 percent, after increasing in the preceding five

    12%

  4. Greek GDP drops by less than expected 0.2 pct in Q2, signalling recession exit near

    EconomyMacroeconomy

    contracting by 9.3 percent in 2012 and 6 percent last year. It represents 75 percent of Greece’s GDP

    12%

  5. Tourist arrivals in June increase 13.7 pct, bringing significant rise in receipts
    Photo by MacroPolis

    EconomyMacroeconomy

    , 6 percentage points higher than the rate of arrivals. A similar pattern was also evident

    12%

  6. Samaras, Tsipras under pressure to deliver on plans for economic policy
    Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]

    PoliticsGreek Politics

    The government has built up expectations regarding Prime Minister Antonis Samaras's economic policy speech at the Thessaloniki International Fair (TIF) on Saturday, September 6 but the political tone for the weeks to come may be set by SYRIZA leader Alexis Tsipras's address a week later

    12%

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

    EconomyBanking

    room for improvement in the deposit NII in the coming quarters. Operating expenses rose by 6

    12%

  8. Q2 GDP contraction at 0.3 pct, strong Q3 needed to achieve target of annual growth
    Photo by MacroPolis

    EconomyMacroeconomy

    and services, which eased 4.2 and 6 percent respectively. It is also noteworthy that Q2 trade balance

    12%

  9. GSEE report stresses risks on employment and the pension system, outlines burden on wages

    Society

    with its share to total employment at 20 percent from less than 6 percent before. This is more pronounced

    12%

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

    EconomyMacroeconomy

    -1.5 to -2.8 percent. In contrast, real hourly wages in Portugal showed a sharper drop of 3.9 and 6

    12%