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Stress tests begin for lenders
By Yiannis Papadoyiannis
Crunch time has arrived for the Greek credit sector as the European Central Bank and the European Banking Authority began on Monday the much-anticipated stress tests on all major lenders in the eurozone whose purpose is to examine the consequences of any possible deterioration in economic conditions on loan portfolios.
 INSIDE BUSINESS
Deadline looms for struggling Cyprus Airways
Potential buyers of Cyprus Airways have until Wednesday to submit nonbinding offers for the loss-making national carrier, with Rya...
Bank of Cyprus expects to relist on Nicosia, Athens exchanges
Bank of Cyprus, the Cypriot lender which recapitalized last year using depositors’ savings, said late on Monday it expected its sh...
Bank concerns lead to fresh losses on bourse
Growing concerns about additional capital requirements for banks weighed on the Greek bourse on Tuesday, as early gains were swift...
Greece needs private debt overhaul, Piraeus Bank CEO says
Greece’s economy won’t return to growth unless debt of companies and individuals is restructured, said Piraeus Bank (TPEIR) SA Chi...
Cheap energy pulls down eurozone producer prices in July
BRUSSELS - A drop in highly volatile energy prices depressed eurozone producer prices in July as expected, underlining disinflatio...
Greece sells 1.14 bln euros of 6-month T-bills, yield eases
Greece sold 1.14 billion euros ($1.49 billion) of six-month treasury bills on Tuesday to roll over a maturing issue, the country's...
New committee formed to assess progress of deregulation in closed-shop professions
A new committee consisting of 40 officials from the relevant ministries has been formed by Finance Minister Gikas Hardouvelis to a...
more business  

Measures to reduce unemployment
 
By Roula Salourou
In its first meeting on Monday, the new Government Council for Employment approved a series of targeted actions intended to support the unemployed and strengthen entrepreneurship, with an aim of creating 770,000 jobs by 2020.

Revised GDP data confirm that Greek growth is near
 
By Sotiris Nikas
The Hellenic Statistical Authority (ELSTAT) announced on Monday it had revised the size of the economic contraction in the second quarter of the year from 0.2 percent to 0.3 percent on annual basis, though this serves to highlight that the reduction of the gross domestic product has slowed to such an extent that justifies the government’s optimism that 2014 will be the first year of growth.
 
LIFE
GASTRONOMY
From crowdfunding to recipes for sharing
By Anna Mazarakis
Three-quarters of a cup of creativity, two tablespoons of love, a pinch of anxiety, a few drops of doubt – these are just a few of the ingredients Alexandra Stratou listed in a Kickstarter video introducing what it took to create a self-published cookbook filled with family recipes.
BUSINESS
ANALYSIS
Perceptions and praying for our peers
By Dimitris Kontogiannis
Biggest threats to Greece’s recovery are how others view the country and other eurozone states’ performance.
COMMENTARY
SOCIETY
Purification rituals
By Nikos Xydakis
As the deadly deflation deepens, as the economy remains locked in recession for a sixth consecutive year, and as unemployment hovers at a stubbornly high rate, it simply makes no sense to drain the economy in advance. The Greek economy is dying for liquidity and demand-side measures while people are desperate for jobs.
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 RECENT NEWS
1. Deadline looms for struggling Cyprus Airways
2. Bank of Cyprus expects to relist on Nicosia, Athens exchanges
3. Nicosia disappointed at Erdogan´s two-state solution comments
4. Giorgos Stylios named new deputy education minister
5. Greek singer-songwriter Antonis Vardis dies aged 66
6. Red tape cut in application process for Greek ID cards
more news
Today
This Week
1. Politicized archaeology
2. Rain and storms with hail expected in many parts of Greece
3. Reforms to dominate Greek talks in Paris, debt relief talks later, says source
4. New committee formed to assess progress of deregulation in closed-shop professions
5. Moderating expectations
6. Trial over 2013 murder of pawn merchant starts in Athens
Today
This Week
1. Thessaloniki mayor Boutaris sworn in wearing yellow star amid Golden Dawn protests
2. The battle against progress
3. Attack on gay couple in Athens leaves one man needing surgery
4. Strong undersea quake occurs off island of Milos, felt in Athens
5. Greek quest for debt relief faces hurdles in Paris
6. Hardouvelis, ECB executive discuss bank program, stress tests
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