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  1. Greece and the euro: The flight of Icarus

    Agora

    at almost 11 billion euros in 2004. The failure to address this led to it soaring to nearly 33 billion

    2%

  2. Trade deficit to July eased by 17.4 pct to 11.2 billion euros

    EconomyMacroeconomy

    percent) and exports soaring by 9.5 percent. The 7-month performance, which smoothes out the monthly

    2%

  3. Greek trade deficit increases by 14.7 pct in March

    EconomyMacroeconomy

    up 47.6 percent. The former mainly reflects soaring imports from third countries (up 49.9 percent

    2%

  4. National Bank starts 2014 posting net profit of 181 mln in Q1
    Photo by MacroPolis

    EconomyBanking

    National Bank was the second Greek bank after Eurobank, which published Q1 results on May 28. Net profit landed at 181 million from 27 million last year mainly reflecting soaring pre-provision income (up 25 percent) and receding impairment losses (down 15 percent). Even excluding several positive

    2%

  5. Greek economy contracts 0.9 pct in Q1, slowest pace since Q1 2010

    EconomyMacroeconomy

    soaring 44.9 percent in the first quarter. The latest official data on international tourist

    2%

  6. C/A deficit to April narrows by 34.7 pct boosted by services

    EconomyMacroeconomy

    soaring non-residents’ arrivals and travel receipts, up 30.6 and 35.8 percent respectively. The 4-month C

    2%

  7. Retail sales up 3.9 pct in April for first positive YoY reading since 2010

    EconomyMacroeconomy

    . The MoM improvement reflects soaring sales in clothing and footwear (up 50.7 percent), department

    2%

  8. Car registrations surge by 46.3 pct in June thanks to tourism, consumer confidence

    EconomyMacroeconomy

    the year to date figure soaring by 28.6 percent, from 24.7 percent in the 5-month period

    2%

  9. In third straight month of decline, industrial turnover falls 4.9 pct in May

    EconomyMacroeconomy

    , while mining and quarrying turnover retained its upward trend at an accelerating pace soaring by 57.1

    2%

  10. Greek GDP drops by less than expected 0.2 pct in Q2, signalling recession exit near

    EconomyMacroeconomy

    and soaring unemployment has fuelled Greece’s economic demise. The Medium Term Fiscal Strategy sees household

    2%