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  1. Newsletter 27 - 22/05/2015

    Newsletters

    Fund next month. It is due to pay 300 million euros on June 5 in the first of several debt

    11%

  2. Greece holds back spending, rakes in one-off revenues for 2.1 bln primary surplus at end of April

    Economy

    in line with the annual target. Grants to social security sector dropped 5 percent in April

    11%

  3. Alpha Bank reports lower losses of 115.8 mln in Q1 2015
    Photo by MacroPolis

    EconomyBanking

    -February). Total ELA funding cost stands at 200 basis points (bps) compared to just 5 bps for ECB funding

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  4. Greek stock market loses 1.8 pct in week of mixed messages, Q1 results

    Economy

    Group meeting, the 300-million-euro payment due to the IMF on June 5 and the ECB’s updated decision

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  5. OECD slashes 2015 growth forecast to just 0.1 pct, raises unemployment and debt figures
    Photo via OECD on Flickr https://flic.kr/p/9Lr6kk

    EconomyMacroeconomy

    of 5 percent is anticipated for 2016 albeit lower than the 7.7 percent previously forecasted. The OECD

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  6. Minor movements in Greek deposit and loan rates in April

    EconomyMacroeconomy

    increasing time deposit rates to 5 percent to attract deposits and address their major liquidity issues

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  7. Athens Stock Exchange ends week on a low, banks lose 9.7 pct

    Economy

    The Greek stock market showed little change until Thursday but plunged 5 percent on Friday, closing the week with losses of 4.8 percent in the aftermath of negotiations between Greece and its lenders, reversing the initial positive mood evident particularly during Tuesday’s session. The key

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  8. Court orders 2012 pension cuts to be reversed, costing up to 1.5 bln
    Photo by MacroPolis

    Economy

    1,000 and 1,500 euros the cut was 5 percent, between 1,500 and 2,000 the reduction was 10 percent

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  9. S&P moves Greece down a notch to CCC, maintains recession forecast

    Economy

    its scheduled payment to the IMF that was due on June 5. The downgrade reflects S&P view

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  10. Unemployment edges up for second consecutive quarter in Q1, reaches 26.6 pct
    Photo by MacroPolis

    EconomyMacroeconomy

    ) improved by almost 5 pp YoY landing at 51.9 percent, while that for the next age group (25-29 years

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