All News on Economics in Greece
Greek unions to hold general strike on April 9
Greece's largest public sector union says it will join a nationwide general strike April 9 to protest austerity measures. The move means that the walkout will affect all private and public sector services.
The ADEDY union said Thursday it was joining the strike call issued by the GSEE union a few days ago.
Eurozone banks buy govt bonds in February
Eurozone banks mainly increased their holdings of sovereign debt in February after banks passed the year-end deadline for balance sheet data under the European Central Bank's asset review, ECB data showed on Thursday.
Germany’s Schaeuble says Greece could be model for Ukraine aid
By Rainer Buergin & Patrick Donahue
German Finance Minister Wolfgang Schaeuble said that European nations looking to throw Ukraine a financial lifeline could use Greeces bailout as a blueprint.
Eurozone recovery ‘gathering speed’
Further evidence emerged on Monday that the economic recovery across the 18-country eurozone is accelerating and, perhaps more importantly, spreading to the blocs debt-laden laggards.
Greece’s current account deficit narrows in January
Greeces current account deficit narrowed in January from the same month last year, according to balance of payments figures by the central bank released on Monday.
The deficit stood at 295 million euros from 314 million in January 2013.
[Reuters]
Alpha Bank sale said covered
Alpha Bank has enough demand for all its stock as the Greek lender joined Piraeus Bank in selling 3 billion euros in shares to bolster capital, two people with knowledge of the matter said.
S&P sees economic outlook as stable
GDP will recover if Athens speeds up reforms or if banks channel more credit into the market, it says
By Sotiris Nikas
Greek yields dip as S&P says might raise ratings
Greek bond yields dipped on Friday after Standard & Poor's said it could raise Greece's credit ratings if GDP growth were to pick up more substantially, after keeping them deep in junk territory with a stable outlook.
S&P affirms Greece ratings at 'B-/B', sees economy rebalancing
Standard & Poor's affirmed Greece's sovereign credit rating on Friday and gave it a stable outlook, saying it believed the country's economy was gradually rebalancing.
Markets reject concerns over local banks’ strength
National Bank reported net profits of 809 mln euros last year
By Evgenia Tzortzi and Yiannis Papadoyiannis
Piraeus bond sows seeds of Greek revival but capital demands loom
Piraeus Bank's comeback to the public bond market the first from a Greek bank in over four years has fueled hopes that its lenders are on the road to recovery, but capital demands are looming as the next big challenge.
Greece set to return to markets within 3 months
Greece could opt to sell 1.5 to 2 billion euros of five-year bonds in a test issue in the first half of the year to end its four-year exclusion from bond markets, a senior Greek Finance Ministry official told Reuters on Wednesday.
Greek yields tumble as Athens clinches bailout review deal
By Emelia Sithole-Matarise
Greek yields fell sharply on Tuesday after Athens and international lenders struck a deal to unlock the next tranche of emergency loans following protracted negotiations.
Greece targets bond sale before Euro elections, minister says
By Antonis Galanopoulos, Marcus Bensasson & Nikos Chrysoloras
Greece will probably sell bonds for the first time in four years before May as the nation seeks to rebuild its finances following an international bailout, Infrastructure Minister Michalis Chrysochoidis said.
Eurozone inflation back to lowest ever level in February, Greece at -0.9 pct
By Martin Santa
Euro zone consumer inflation returned to its lowest ever annual pace in February, revised data showed on Monday, slowing down to the same rate that triggered a surprise interest rate cut by the European Central Bank in November.