Since the damaging result of the European Parliament elections in May, a sense of dread appears to have gripped the coalition, leading to tension and differences of opinion. This is most evident from the unrest within PASOK.
In a much-anticipated speech, SYRIZA leader Alexis Tsipras unveiled the main pillars of his party’s economic policy platform on Saturday, focusing on debt relief from the eurozone, the use of European Union funds to boost employment, a reduction in taxes and an increase of wages and pensions.
Although the government passed its latest amendments to the troubled single property tax (ENFIA) on Thursday, the atmosphere surrounding the ballot underlined that all is not well within the coalition.
The Turnover Index in Industry advanced for the second straight month in July, rising by 0.4 percent following an upward revised 11 percent increase in June, according to the Hellenic Statistical Authority (ELSTAT).
The non-seasonally-adjusted unemployment rate posted a drop both year on year (YoY) and quarter on quarter (QoQ) to 26.6 percent in Q2 2014 from 27.8 percent in the previous quarter and 27.3 percent in Q2 2013, according to the Hellenic Statistical Authority (ELSTAT).
Responding to SYRIZA’s economic programme, which presented by its leader Alexis Tsipras in Thessaloniki on September 13, the Finance Ministry (MoF) published a 12-page press release providing its own calculations on the estimated cost of SYRIZA measures.
The average monthly expenditure of Greek households dropped 7.8 percent year on year (YoY) to 1,509.39 euros in 2013, according to the 2013 Household Budget Survey published by the Hellenic Statistical Authority (ELSTAT).
The devastating impact on wages, employment and the social security system over the crisis years is clearly depicted in the annual report of the Labour Institute (INE) of the General Confederation of Greek Workers (GSEE) published today.
When Prime Minister Antonis Samaras decided to close down public broadcaster ERT in June 2013, then government spokesman Simos Kedikoglou stood in front of TV cameras and called the service “a characteristic case of a unique lack of transparency... that ends today.”
The recent presentation of half-year results by the four systemic banks in Greece – National Bank of Greece (NBG), Piraeus Bank, Alpha Bank and Eurobank – brought a mixture of good news and underlying structural challenges affecting the operational capacity of domestic lenders.
MacroPolis was launched on September 24th, 2013 with the aim of providing real insight through timely, accurate and independent analysis of the key political, economic and social developments in Greece.