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  1. Greece and Cyprus gain strategic weight amid Middle East turmoil
    Stavros Ioannides/PIO

    PoliticsForeign Policy

    of the mutual defence clause provided for in Article 42(7) of the Treaty on European Union... to the carrier by helicopter. In a statement posted on X, Macron declared: “We did not seek this war

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  2. Parties' competing tax pledges come up against challenging reality

    EconomyFeatures

    of national elections which are now scheduled for July 7. Lowering the tax-free threshold in 2020 has... an increase of 7 percent in the number of declarations over 2012. However, total taxable income fell... 3,000 euros and yields additional tax revenues of 1 percent of GDP. According to the legislation

    34%
  3. A breakdown of Greece’s revised financing needs as part of its new ESM programme

    EconomyProgramme

    in the August 2015 – 2018 period. This amount incorporates: 1) Amortisation on the Eurosystem ANFA... sector (8 billion). 4) Payment of EFSM bridge loan (7 billion). 5) Unwinding of repo operations (3.5... on Jun 30 as well as amortisation of 3.5 billion on the ECB due on July 20. Those needs were financed

    34%
  4. Lockdown reduced spread of Covid-19 by 80 pct, research indicates
    Photo by MacroPolis

    Society

    . The R number is considered important by epidemiologists because once the number rises above 1, it is considered that there is a risk of an epidemic. When the R number remains under 1, the risk... estimated that the impact of the lockdown was so extensive that it would have reduced the R number to 1

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  5. The allocation of labor resources in Greece and the EU-27

    Agora

    destruction.”[1] The public sector never goes out of business, no matter how inefficient it is. If it runs... then plotted an index (2001-Q1=100) for employment in the public and private sectors. Figure 1... employment has grown or declined in the public and private sectors since early 2001. From figure 1

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  6. Greek gg primary cash surplus at 2.2 bln in 2014, arrears down to 3.75 bln

    EconomyMacroeconomy

    shrank by more than 3.5 billion euros year on year (YoY) to 3.44 billion in 2014 from 7 billion last... of December, 803 million lower than the end-November figure of 4.56 billion and 1 billion below... with a YoY rise in arrears by 236 million to 755 million at the end of December accounting for 20

    33%
  7. NBG reports net loss of 163 mln in 2017, bad loans continue to fall
    Image via www.nbg.gr

    EconomyBanking

    , core pre-provision income (PPI) fell by 7 percent quarter-on-quarter (QoQ) to 182 million, largely... million), mortgages (-95 million), small business loans (-35 million) and consumer loans (-20 million... million, while trading and other income recorded a negative figure of 20 million, recovering from

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  8. BoG awaits go-ahead from DG Comp over NPL scheme
    Photo by MacroPolis

    EconomyBanking

    value of 40 billion, banks have around 24 billion euros in provisions. DTCs total around 7 billion... minus provisions of 24 billion euros. At the same time, the SPV will receive 7 billion euros... properties worth around 1 billion euros. It is expected that the deal will open the way for Piraeus

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  9. Survey charting young voters presents diverse fractures and politics
    Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]

    Society

    The Eteron Institute’s survey “X‑ray of Voters 2025,” based on 2,574 interviews conducted between 24 March and 4 April 2025, paints a complex, sometimes contradictory portrait of youth in Greece... institutions measured gather less than 20 oct trust from that cohort; the Presidency and the Parliament

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  10. Piraeus Bank posts pre-tax losses of 133 mln in 9M
    Image via www.piraeusbankgroup.com

    EconomyBanking

    in 9M versus 612 million last year, representing an increase of 20 percent. On a like-for-like... on the Phoenix and Vega NPE securitisations via the Hercules scheme, which have a total gross book value of 7...) in Q3 stood at 81 million, an increase of 1 percent YoY and unchanged QoQ. The main contributors

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