Search
-
Athens treads fine line as talks with Ankara beckon following Aegean stand-off
PoliticsForeign PolicyJust a few days following Turkey’s decision to abstain from seismic research in disputed areas in the Aegean as a gesture of goodwill that could facilitate the beginning of discussions between Athens and Ankara, the situation does not look straightforwa...
5% -
Govt tries to fend off claims of disarray in Covid-19 reporting, coordination
PoliticsGreek PoliticsThe government is under intense pressure over its handling of the Covid-19 crisis after media reports over the weekend suggested that there had been serious faults in the way the National Health Organisation (EODY) handled data, based on which experts w...
5% -
Eurobank posts loss of 1.21 bln euros in 2020 as it sheds off bad loans
EconomyBankingEurobank posted its biggest loss since 2014 last year as the price of a restructuring that will bring down its bad loans ratio to a level approaching the European average. The full-year loss for 2020 came to 1.21 billion euros, compared with a profit of...
5% -
Budget primary deficit at 8.14 bln by end-May, almost 1 bln off target
EconomyMacroeconomyThe budget primary balance was confirmed at a deficit of 8.14 billion euros in the first five months of the year, compared to a deficit of 4.84 billion in the same period of 2020, the final Finance Ministry (MoF) budget execution bulletin for May showed...
5% -
New Covid measures readied as doubts about key cabinet choices rub off on PM
PoliticsGreek PoliticsThe first opinion poll to be published since the recent cabinet reshuffle provides the first indication that Prime Minister Kyriakos Mitsotakis’s personal popularity has taken a direct hit for government decisions. For the first time since April 2020, t...
5% -
S&P holds off on new rating upgrade, ECB holds key to investment grade
EconomyAlthough the rating review by S&P scheduled for last Friday had created some anticipation that a further credit rating upgrade could be on the cards, the rating agency did not publish a review, closing the year with a ‘BB’ grade and positive outlook. Th...
5% -
Athens treads carefully over Ukrainian stand-off
PoliticsForeign PolicyGreece is closely monitoring developments on the Ukrainian crisis but has no intention of being caught up in the fierce confrontation between the West and Moscow. Athens does not wish to take sides in the dispute. This was evident in statements made by ...
5% -
DBRS moves Greece a notch closer to investment grade as Moody's holds off
EconomyThe Greek authorities anticipated two credit rating upgrades on Friday but had to settle for one as DBRS upped the country’s rating by one notch and just one step away from investment grade. The outlook was also revised from positive to stable. Moody’s ...
5% -
IMF trims 1 point off 2022 growth, makes major revision to inflation forecast
EconomyMacroeconomyThe International Monetary Fund (IMF) released its latest global macro and fiscal estimates in the context of the spring meetings currently held in Washington, capturing the impact of inflation on growth. Specifically for Greece, growth for this year wa...
5% -
Alpha Bank turns profitable in Q1 as last year's clean-up efforts pay off
EconomyBankingAlpha Bank reported a net profit of 125 million euros in Q1 2022, compared to a loss of 282 million euros in the same quarter of 2021. In the last quarter of 2021, the net loss was 408.1 million euros, mostly on the back of 551.8 million euros of impair...
5%