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  1. Current account balance shows a surplus for third straight month, at 2.09 bln in August

    EconomyMacroeconomy

    assets by 3.2 billion reflecting a fall in residents’ holding of foreign bonds and T-Bills by 10.4... assets, mainly attributed to a decline in residents’ holdings of foreign bonds and T-Bills by 169

    7%

  2. Current account surplus widens to 838 mln in Sept on shrinking goods deficit

    EconomyMacroeconomy

    billion in residents’ holding of foreign bonds and T-Bills by 10.4 billion to a large extent offset... in September, mainly reflecting an increase in residents’ holdings of foreign bonds and T-Bills, while

    7%

  3. Negotiations between Greece and lenders: state of play ahead of Eurogroup meeting
    Photo by MacroPolis

    EconomyProgramme

    , the new fund would operate as a holding company with assets stemming from four entities, namely...) holdings in core banks, the 70,000 properties of the Public Properties Company (ETAD) as well as the state

    7%

  4. Current account surplus falls to 1.4 bln in July

    EconomyMacroeconomy

    , largely due to an increase of 5 billion in resident’s holdings of foreign bonds and T-Bills. Meanwhile, the corresponding liabilities fell by 2 billion reflecting a drop in non-resident’s holding

    7%

  5. Multiple potential benefits await Greece if it can clinch QE eligibility
    Photo by ECB via Flickr https://flic.kr/p/qhZVDy

    EconomyFeatures

    . Piraeus’s holding stood at 370 million, while the other three systemic banks held GGBs of 1.7 to 1.9... of around 230 million in the last three quarters of 2016. As a result, their EFSF holdings have been

    7%

  6. Greece's ongoing divestment from banking sector creates new lender, stirs controversy
    Photo via Flickr https://flic.kr/p/4hVnhM

    EconomyBanking

    that Thrivest executes its own, which will see the Greek state holding drop to 35-37 pct. In this way... in public holdings. The deal for the merger between Attica Bank and Pancreta that passed

    7%

  7. Greece's labour market is austerity's biggest casualty

    Agora

    unemployed and an unemployment rate of 28% even if the pace of job losses slows down. The domestic debate... was growing at an annual rate of 6% and banks were calling customers to sweet-talk them into accepting their “low rate” credit cards and loans. With domestic disposable incomes reduced on average by 25

    7%

  8. Unemployment creeps up to 27.6 pct in July; little tourism boost evident
    en_GB Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]

    EconomyMacroeconomy

    The seasonally adjusted unemployment rate in July edged marginally higher to 27.6 percent from 27.5... of people that dropped out of the labour force has pushed the rate marginally higher. According to the data from ELSTAT, even in non-seasonally adjusted terms the rate of unemployment remained flat

    7%

  9. Unemployment at new high of 28 pct in Nov, jobless up by 169 pct in four years

    EconomyMacroeconomy

    The seasonally adjusted jobless rate continued heading north, reaching 28 percent in November from... (ELSTAT). The November rate now holds the new high. The rate of decrease in the number of employed... in the market. Unemployment remains more prominent in the female population with a rate of 32.2

    7%

  10. Greek PMI falls to 49.4 in June, lowest since November 2013

    EconomyMacroeconomy

    ticked up to a 10-month high, but factory gate prices continued to fall. The rate of growth... the output growth was sustained in June mainly through progress on outstanding business, the rate of drop... decline in June after marginal gains in each of the preceding two months. In addition, the rate of job

    7%