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  1. IMF sets out why it stands apart from eurozone on long-term growth prospects
    Photo by Gerasimos Domenikos/Fosphotos

    EconomyProgramme

    working age population decline is amongst the highest in the euro area and three times the average... participation to levels that exceed euro area average and thus offset the significant decline... the country’s ability to prosper in the euro area.”

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  2. Office prices slip by 0.7 percent in first half of 2017
    Photo by Natasha Pantazopoulou/Fosphotos

    EconomyMacroeconomy

    of H2 2014, which stood at 70.9. Broken down by area, nominal prime office spaces fell by 1.1 percent in the greater Athens area and by 0.5 percent in Thessaloniki, when compared to the previous.... In the Athens area, the index decreased by 0.4 percent from the previous semester, falling further

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  3. Mitsotakis bids for nation's soul, Tsipras ramps up handouts
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    went on to blame the recent deadly flooding in the area of decades of neglect, suggesting... minister pledged to invest in the area over the coming years and to create a new university there. The government also announced over the weekend that workers in the area who have not been able to return

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  4. Moody's upgrades rating to 'B3,' amid confidence about political outlook, economic prospects
    Photo by Panayotis Tzamaros/Fosphotos

    Economy

    Ministry is in the process of building and the debt relief that Greece’s euro area creditors have... implemented debt relief measures. The rating agency anticipates euro area creditors will meet... creditors that would put the euro area's support and commitment for further debt relief in question

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  5. How 'clean' can an exit be? Athens snared between Rome and Berlin
    Photo by Angelos Christofilopoulos/Fosphotos

    Agora

    of political risk in the euro area. Disregarding political dangers emanating from Rome for too long... environment for Greece, the most important interlocutor in the euro area is yet again playing political... experiencing – but in reverse – what contagion through risk factors in other euro area member states

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  6. Travel surplus rises by 17.4 pct in H1 as sharp rise in visitors drives receipts growth
    Photo by MacroPolis

    EconomyMacroeconomy

    non-EU visitors. Receipts from euro-area visitors rose by 25.9 percent year-on-year to 2.06 billion... visitors from euro-area countries, along with a rise of 30.6 percent in visitors from outside the euro-area. The number of visitors from non-EU28 countries rose by 4.6 percent. Visitors from Germany

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  7. Moody's raises Greece two notches to 'B1' but highlights challenges for further upgrades
    Photo by Panayotis Tzamaros/Fosphotos

    Economy

    Katseli law) are ongoing. Continued delay could put the euro area's promised transfer of close to 1... in the coming years, at around 10 percent of GDP until 2032. Further, the euro area creditors committed... of renewed tensions with Greece's euro area partners that would put the prospect for further debt relief

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  8. Mati fire investigation puts spotlight on authorities and government
    Photo by Gerasimos Domenikos/Fosphotos

    PoliticsGreek Politics

    , the government has sought to highlight the role of illegal construction in the fire-stricken area northeast... from the danger area and containing the fire. In a radio interview on Thursday, New Democracy’s... winds and the way the area had been built, but admitted that authorities had clearly not coordinated

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  9. Turkey strengthens East Med claims as Greece, Cyprus seek EU support
    Photo via www.nato.int

    PoliticsForeign Policy

    in the area through a collection of maps that were submitted to representatives of the foreign embassies... members of the international community that the area of its intended researches does not have any... for the Turkish State Oil Company, TPAO. Ankara claims the area is within the Turkish CS, which has

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  10. IMF highlights bailout shortcomings in latest admission of programme errors
    Photo via IMF photostream on Flickr [https://www.flickr.com/photos/imfphoto/]

    EconomyProgramme

    in the review where the main objectives of the programme were not achieved. Specifically, in the area..., approved the programme without debt restructuring. “Contagion was a major concern for euro area members, given banking exposures to the crisis-hit euro area countries and the absence of a firewall,” says

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