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  1. BoG governor renews calls for launch of bad bank and ESM use
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyBanking

    Bank of Greece governor Yannis Stournaras has reiterated calls for the immediate implementation of Greece’s bad bank to deal with the reduction of NPEs. Speaking before a parliamentary committee, Stournaras said that plans for the bad bank should be progressed immediately, as such solutions

    2%

  2. Eurobank net profits at 56.8 mln in Q1
    Image via www.eurobank.gr

    EconomyBanking

    on fee and commission income. The bank has also instated payment moratoria for a number of eligible

    2%

  3. Greek-Italian sea borders, EEZ pact ties up loose end but also carries wider significance
    Photo via https://flic.kr/p/2jag5de

    PoliticsForeign Policy

    , which has now been updated to include new delimitations in regard to their EEZ. By signing the agreement

    2%

  4. Building permits increase by 10.2 pct in March

    EconomyMacroeconomy

    in August 2011. Compared to the same month last year, construction confidence has decreased by 19.8

    2%

  5. PM declares tourism season open, rules out new lockdown
    Photo via www.primeminister.gr

    PoliticsGreek Politics

    of a rise in coronavirus cases in Greece, where the number of deaths linked to the illness has

    2%

  6. ​Turnover in services shows deterioration in Q1
    Photo by Natasha Pantazopoulou/Fosphotos

    EconomyMacroeconomy

    has worsened by 47.6 points. The services indicator is at its lowest since August 2015 when

    2%

  7. Majority of Greeks report financial hardship due to Covid-19
    Photo by MacroPolis

    Society

    A special white paper by Intrum examining the impact of the coronavirus pandemic on households has found that Greeks are coming under increasing financial pressure as a result of the lockdown. To look at the effects of the crisis on European consumers, Intrum surveyed 4,800 people across 24

    2%

  8. Primary cash deficit at 5.35 bln in May
    Photo by MacroPolis

    EconomyMacroeconomy

    that during the first five months of the current year, the PIB balance has worsened by 1.90 billion euros

    2%

  9. Current account shows deficit of 1.13 bln in April, travel receipts crash as arrivals dry up
    Photo by Håkan Dahlström via Flickr https://flic.kr/p/5MQQVH

    EconomyMacroeconomy

    Greece’s current account (C/A) balance posted a deficit of 1.13 billion euros in April compared to a deficit of 1.10 billion in March, Bank of Greece (BoG) data showed on Friday. In the same period last year, the deficit was 1.40 billion euros, meaning that the deficit has improved by 264.3 million

    2%

  10. Industrial turnover drops by 35.4 pct in April, hitting series low
    Image via www.viohalco.com

    EconomyMacroeconomy

    at -15.4 points. Year-on-year, industry confidence has fallen by 15.2 points. It is currently

    2%