Agora
Posts on June 2016
Mangling the truth
In a quote some attribute to ancient Greek dramatist Aeschylus, the truth is said to be the first casualty of war. Perhaps the same can be said in times of economic crisis, which some have likened to a state of war. Certainly, one could safely say that accuracy has taken a severe battering during the Greek crisis.
Contributor: Nick Malkoutzis
Categories: Politics (364), Greece (466)
Encouraging signs for Greek banks in Q1 results but NPL management looms large
The disclosure of Greek banks’ first-quarter (Q1) results revealed some encouraging trends regarding their core operating profitability and asset quality evolution.
Contributor: Manos Giakoumis
Categories: Economy (312), Greece (466)
The enemy within
There has been much gnashing of teeth over the last few days after coalition MP Giorgos Kyritsis, who is also the government’s spokesman on the refugee issue, suggested in a comment piece in SYRIZA-backed Avgi newspaper that the current coalition was elected in September to shift the burden for Greece’s fiscal adjustment to those who had backed the Yes campaign in last July’s referendum.
Contributor: Nick Malkoutzis
Categories: Politics (364), Greece (466)
Greek banks on cusp of improved liquidity conditions
The successful completion of the first programme review and the subsequent decision of the European Stability Mechanism (ESM) to disburse a 7.5-billion-euro bailout tranche are expected to trigger a number of important developments for Greek banks.
Contributor: Manos Giakoumis
Categories: Economy (312), Greece (466)
Paddling with a wooden spoon
Last Tuesday’s bitty Eurogroup and its inconclusive outcome have provided room for numerous interpretations about who emerged strengthened, or victorious even, from the 11-hour discussion and its conclusions. Perhaps, though, we are wasting our time in trying to work out who got the upper hand.
Contributor: Nick Malkoutzis
Categories: Europe (276), Politics (364), Greece (466)