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  1. SYRIZA stumbles again on way to May elections

    PoliticsGreek Politics

    party has dropped one candidate, another has been forced to step down, while a third may also have... for European Parliament, Dimitris Christopoulos, to step down after he referred to the Muslim minority... also suffered a high-profile rejection from comedian Lakis Lazopoulos, who turned down the opportunity

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

    EconomyBanking

    (up 25 percent) and receding impairment losses (down 15 percent). Even excluding several positive... income at 438 million in Q1 is mainly driven by cost cutting (down 10 percent), while revenues improved... successive quarter to 5.12 percent leading group NIM down 9 bps QoQ to 3.17 percent. Operating expenses

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  3. Greek May CPI falls 2 pct in one of biggest drops for more than a year

    EconomyMacroeconomy

    : Clothing and footwear (down 9.4 percent), miscellaneous goods and services (down 5.6 percent) and education (down 3.9 percent). Smaller movements, yet above the headline figure, were also posted in food

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

    EconomyMacroeconomy

    a marginal MoM drop was that of automotive fuel (down 0.4 percent). The Easter period is most... two sectors posted a YoY decline, namely furniture, electrical and household equipment (down 12.9 percent) and pharmaceutical products and cosmetics (down 1.2 percent). A broadly similar pattern

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  5. Small but rare rise of 0.4 pct for Greek retail turnover in June
    Photo by MacroPolis

    EconomyMacroeconomy

    (down 8 percent), furniture, electrical and household equipment (down 6.9 percent) and department stores (down 4.5 percent) posted the highest YoY declines. On a monthly basis, retail turnover in June

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  6. ELSTAT survey finds 2013 household budgets devastated, inequality persists
    Photo by Harry van Versendaal

    Society

    . The greatest decline was recorded in clothing and footwear (down 46.3 percent), durables (down 39.5 percent) and hotels, cafes and restaurants (down 36.2 percent). In contrast, three sectors showed a drop

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  7. Industrial turnover up 0.4 pct in July for rare second straight month of growth

    EconomyMacroeconomy

    ). On the flipside, the turnover in three sectors, namely leather and related products (down 29.7 percent), computers, electronic and optical products (down 22.8 percent) and mining of metal ores (down 18.1 percent

    5%

  8. Retail sales rise in July for second straight month - not seen since 2010
    Photo by MacroPolis

    EconomyMacroeconomy

    1.6 percent, while volume rose by 1.7 percent. Department stores (down 10.9 percent) posted the highest drop in 7-month retail turnover, followed by food, beverages and tobacco (down 6.3 percent) and furniture, electrical and household equipment (down 6.1 percent). On the flipside, books, stationery

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  9. Mixed messages continue to dog SYRIZA
    Photo by MacroPolis

    PoliticsGreek Politics

    Tsipras has toned down his rhetoric and it was noticeable that in the recent confidence vote debate... to play down expectations about what it might do with regards to Greece’s debt. One of the key members... to be just a case of kicking the can down the road. SYRIZA has not yet achieved a level of unity

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  10. Greek retail turnover advanced for the third straight month, 4.5 pct in August

    EconomyMacroeconomy

    . On the flipside, the highest MoM declines were recorded in clothing and footwear (down 18.3 percent), department stores (down 10.5 percent) and books, stationery and other goods (down 10.1 percent). ELSTAT also

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