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Mitsotakis tempers expectations for EP vote, Kasselakis talks up prospects
In an extensive TV interview on Thursday night, Prime Minister Kyriakos Mitsotakis set the bar for his party in this year’s European Parliament elections at a similar score to the one New Democracy achieved in the EP vote five years ago.
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Credit expansion grows by 4.5 pct in Mar, driven by corporations
The credit expansion in the Greek private sector picked up even more pace further in March, rising by 4.5 percent year-on-year (YoY), up from 3.8 percent in February, Bank of Greece (BoG) figures released on Friday showed.
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Deposits reverse contraction in Mar with 1.67 bln growth
The net private sector deposits in the Greek banking system increased in March with a rise of 1.67 billion euros, after a 1.07 billion euros drop in February, based on the latest Bank of Greece (BoG) figures released on Friday.
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Building permits start year strongly with 15.1 pct rise in Jan
Building permits started the new year strongly with a rise of 15.1 percent year-on-year (YoY), after a modest 0.6 percent increase in December, according to the data released by the Hellenic Statistical Agency (ELSTAT) on Friday.
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Politics
Bar on extreme right party triggers developments across political spectrum
Greece’s Supreme Court has blocked the far-right Spartiates party from running in June’s European Parliament elections in an unprecedented ruling which is expected to trigger developments in the fragmented space to the right of New Democracy, with potential repercussions across the spectrum of national politics.
Government touts upgrades to civil protection amid early start to wildfire season
PM aims to mend ties with church and stem loss of right-wing voters
Economy
March hirings balance hits new high, boosted by seasonal jobs in catering and accommodation
Greece’s employment balance was strong in March, with 63,689 more hires than departures, according to data from the Labour Ministry’s Ergani information system.
Strong demand for 30-year benchmark bond, yield of 4.24 pct double 2021 rate
ECB study finds Greeks overburdened by housing costs, most likely to miss payments
Society
Inequality rises marginally in 2023, with 1.9 mln Greeks at risk of poverty
The two main metrics of income inequality in Greece were released by ELSTAT in its 2023 survey on Wednesday, suggesting that the picture remained broadly stable, based on the 2022 income reference year, with small increase in both.
Workers lost almost 9 pct of real income last year, research shows
Latest census data shows demographic challenge is here as population shrinks, ages
Agora
Podcast - Whose property? Greece’s housing challenges
After going through a really difficult time during the country’s long economic crisis, the Greek property market is booming, but that's creating a whole new set of problems.
Can the Green Transition be just?
Podcast - How much is Greece getting out of the RRF?