The government lost its first member on Thursday although the resignation was somewhat obscured by the focus on foreign policy issues after the meeting between Prime Minister Kyriakos Mitsotakis and Turkish President Recep Tayyip Erdogan at the sidelines of the NATO summit in the UK on Wednesday.
Greece’s seasonally adjusted (SA) GDP increased by 0.6 percent quarter-on-quarter (QoQ) in the third quarter (Q3) of 2019 after a revised increase of 1.3 percent in Q2, provisional estimates from the Hellenic Statistical Authority (ELSTAT) revealed on Thursday.
The Greek authorities left yesterday’s Eurogroup having secured the release of the profits that eurozone central banks made as part of the SMP and ANFA programmes.
Five months ago, Greeks didn’t just change their government, they decided it was time to leave the miserable crisis years behind, suggesting a growing maturity among voters.
There has been persistent speculation in Greece over the last few weeks about possible snap elections next year, although the government has denied this is a possibility.
The overall weighted average interest rate on all new loans to households and non-financial corporations came to 4.32 percent in October, down by 27 basis points (bps) from the rate of 4.59 noted in September, data from the Bank of Greece (BoG) showed on Wednesday.
The poor condition of Greece’s state education system has been laid bare in the latest OECD’s Programme for International Student Assessment (PISA).
It was a visit worthy of a plethora of superlatives. The arrival of China’s President Xi Jinping in Athens (November 10-12) was termed a “vote of confidence” for Greece.