greece economy

greece 1

Another Spin Of The Wheel For Greece

Nick Malkoutzis via Macropolis | The Greek government expects the economy to grow by 2.7 percent and living, working and investing in Greece might seem a more enticing prospect. It is difficult, though, to be anything other than cautious about the prospects of such a turnaround. Firstly, there will have to be a dramatic improvement in several sectors of the economy for this kind of growth to be achieved.


Election Watch: What are Greeks voting for?

By Nick Malkoutzis at Macropolis | Rarely has Greece gone into an election period with so many pieces in flux as it is now. The only thing we know for sure about the 20 September ballot is that we really can’t be sure of much.

Greece in 2014

No deal for Greece as partners play hardball

The Corner | March 20, 2015 | There may be some volatility on European markets in the day ahead, as late night talks between the Greeek government and members of creditor nations, the European Commission and the European Central Bank failed to unlock funds for Athens’ faltering economy.

Grexit no

ECB sovereign bond buying already at €9.8

The Corner | March 13, 2015 | The ECB’s sovereign bond purchase programme has helped to reduce yields on Spanish bonds to record lows. Data from Italy is likely to show price falls in excess of 2%, while it will be no surprise to see further squabbling between Greece and its creditors over the weekend, particularly with yesterday’s intervention by the OECD.

Deuda GlobalTC

Global debt: The new bubble

Intermoney | March 6, 2015 | From 2007-2015, global debt has increased 289% in excess GDPThe rapid increase of global indebtedness and financial asset prices could actually be defined as a global bubble with a major destabilizing factor: the significant surpluses accumulated by certain countries that force others to adopt a deficit position. International liquidity growth has only raised the volume of speculative money flows, which are now able to destabilise any economy, regardless of their economic virtues.


The unedifying row between Alexis Tsipras and Mariano Rajoy

MADRID | March 3, 2015 | By JP Marín-Arrese | Greek Prime Minister Alexis Tsipras has unwisely accused Spain and Portugal of intentionally trying to block a solution for his country’s troublesome discussions with the Euro group at a Syriza party meeting. The reaction has gone beyond any reasonable limit. The two targeted nations filed formal claims to the European Commission asking it to take action against Greece. One wonders why their Foreign Ministries did not warn of the utter ridicule such a step would precipitate. Worse still, the row between EU partners might leave longstanding scars. 

grecia syrizaTC

Eurozone’s plight

MADRID | By JP Marín ArreseOnce again, Greece has ignited the flame of instability in the Eurozone. The prospect of early elections coupled with the left-wing party´s scores in the polls has resulted in severe shock-waves hitting other South-Med countries. The promised debt default by the better placed candidate in this race stands as a formidable threat to Europe. What happens in this relatively small country is bound to hit all of us. Confidence in sovereigns will dramatically fall while financials will also bear the brunt. 

tipos interes recursoTC

No happy returns for Greece

ATHENS | By Jens Bastian via MacroPolisLast week saw Greek politicians clock up air miles to European destinations. Government representatives flew to Paris in order to meet a troika delegation that has repeatedly delayed its return to Athens. 

No Picture

Does Greece need a third programme?

By Jens Bastian via MacroPolis | During his visit to Berlin this week, Prime Minister Antonis Samaras repeatedly emphasised that Greece does not require a third financial support programme. In his conversation with Chancellor Angela Merkel he highlighted that the Greek sovereign was able to successfully return to international bond markets in April after a three-year forced hiatus.