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Greece and Cyprus gain strategic weight amid Middle East turmoil
PoliticsForeign Policyof 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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Parties' competing tax pledges come up against challenging reality
EconomyFeaturesof 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
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A breakdown of Greece’s revised financing needs as part of its new ESM programme
EconomyProgrammein 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
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Lockdown reduced spread of Covid-19 by 80 pct, research indicates
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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The allocation of labor resources in Greece and the EU-27
Agoradestruction.”[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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Greek gg primary cash surplus at 2.2 bln in 2014, arrears down to 3.75 bln
EconomyMacroeconomyshrank 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
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NBG reports net loss of 163 mln in 2017, bad loans continue to fall
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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BoG awaits go-ahead from DG Comp over NPL scheme
EconomyBankingvalue 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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Survey charting young voters presents diverse fractures and politics
SocietyThe 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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Piraeus Bank posts pre-tax losses of 133 mln in 9M
EconomyBankingin 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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