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  1. May sees 48.7 pct rise in number of new cars in circulation

    EconomyMacroeconomy

    institutions point to a slowdown of private consumption to -1.8 percent in 2014 from the 6 percent drop

    6%

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

    EconomyMacroeconomy

    to -1.8 percent in 2014 from -6 percent in 2013. This follows a cumulative dive of 28 percent since

    6%

  3. Loan and deposit rates edge down in May but remain above euro area average

    EconomyMacroeconomy

    euros (down by 19 bps to 6.49 percent). In addition, the consumer loan rate eased by 6 bps to 14.80

    6%

  4. Drop ‘til you shop
    Photo by MacroPolis

    Agora

    , though, the Greek experience appears to be different. Only 6 percent of 227 retail stores in Athens

    6%

  5. EU Task Force sees progress on reforms and structural funds in Greece

    EconomyProgramme

    for clearance and cost reductions of 20 – 50 percent in the past 6 months. In addition, the Greek authorities

    6%

  6. Stress mounts ahead of ECB's tests on Greek banks
    Photo by MacroPolis

    Economy

    at 20 billion euros. On March 6, the BoG unveiled Greek banks’ capital needs at 6.4 billion euro

    6%

  7. BoG shows lower deposit rates and a sharper drop in loan rates in June

    EconomyMacroeconomy

    on outstanding volumes posted a drop of 6 bps to 3.75 percent, after increasing in the preceding five

    6%

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

    EconomyMacroeconomy

    contracting by 9.3 percent in 2012 and 6 percent last year. It represents 75 percent of Greece’s GDP

    6%

  9. Tourist arrivals in June increase 13.7 pct, bringing significant rise in receipts
    Photo by MacroPolis

    EconomyMacroeconomy

    , 6 percentage points higher than the rate of arrivals. A similar pattern was also evident

    6%

  10. Samaras, Tsipras under pressure to deliver on plans for economic policy
    Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]

    PoliticsGreek Politics

    The government has built up expectations regarding Prime Minister Antonis Samaras's economic policy speech at the Thessaloniki International Fair (TIF) on Saturday, September 6 but the political tone for the weeks to come may be set by SYRIZA leader Alexis Tsipras's address a week later

    6%