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  1. PMI falls again in October amid ongoing drop in output and new orders

    EconomyMacroeconomy

    Greece’s Manufacturing PMI edged down for the second straight month in October, when it fell by 0.6 points, after a drop of 1.2 points in September, Markit’s survey showed on Tuesday. PMI landed... successive month. Production was reduced for the second consecutive month, mainly on the back of weaker

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  2. Ministry changes lined up ahead of reshuffle but no breakthrough on watchdog
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    labour reforms, possibly the most sensitive issue for the government in the second programme review... that it is sabotaging the process. PASOK and To Potami approved the second nomination proposed by the coalition

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  3. Houliarakis provides clearest view so far on Athens's debt relief expectations
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyProgramme

    . The second scenario also assumes an extension in the maturity of EFSF loans and results in GFN below.... This was the clearest indication yet of what Athens will expect from its creditors when the second review is completed

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  4. Fiscal Council optimistic on 2016 target, sees next year’s goals as feasible
    By Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    of the second programme review and the tabling of the Medium-Term Fiscal Strategy (MTFS), the report... that the conclusion of the second programme review and the tabling of the MTFS may signal the turning point

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  5. In autumn forecasts, EC sticks by GDP estimates but expects lower unemployment
    Photo by Panayiotis Tzamaros/Fosphotos

    Economy

    In its autumn economic forecasts published on Wednesday, the European Commission (EC) repeated its previous estimate that economic activity will start picking up from the second half of this year... uncertainties over the conclusion of the second programme review and external factors such as regional

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  6. Piraeus Bank posts net profits of 31 mln in Q3, records improved asset quality trends
    Photo by MacroPolis

    EconomyBanking

    Piraeus Bank reported a positive bottom-line result for the second straight quarter, with net profits rising to 31 million euros in the third quarter (Q3) of 2016 from 20 million in the previous... formation of 5 million. NPLs As a result, the NPL ratio edged down for the second consecutive quarter

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  7. First day of review talks highlights differences as Athens eyes tight schedule
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyProgramme

    of the second meeting was privatisations, specifically issues related to the new privatisation... workout, allowing both large and small (state or bank) debtors into the mechanism, while the second

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  8. Talks on bailout review head for crucial weekend
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyProgramme

    and investment fund (HCAP), while all issues included in the second review that relate to labour market reforms... to reports, the second round of negotiations in Athens is expected to last until Monday

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  9. Greece worst-performer in EU 28 for social justice
    Photo by Panayiotis Tzamaros/Fosphotos

    Society

    ranks 24th in terms of equitable access to education, the country has seen the second highest... the second highest NEET rate in the EU. “In 2014, 26.1 percent of 20-to-24 year old Greeks were

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  10. Presidential shuttle diplomacy between Athens and Berlin
    Photo Panayiotis Tzamaros/Fosphotos

    Agora

    Departing for Berlin last week on the second leg of his last foreign trip in office, US President Barack Obama carried various policy messages for German Chancellor Angela Merkel in his hand luggage... to carry out prior actions mandated by international creditors. The second issue concerns a growing

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