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Mitsotakis pushes for broad consensus after surprise announcement on postal vote
Postal voting could be introduced for the European Parliament elections in June, according to a surprise announcement by Prime Minister Kyriakos Mitsotakis, who told last week’s cabinet meeting that the government had put together a workable proposal and would be seeking the support of opposition parties.
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Athens looks for improving mood rather than tangible outcome from Erdogan visit
Athens sees the High-Level Cooperation Council between Greece and Turkey, due to take place this Thursday, as yet another opportunity for both sides to retain the positive mood in bilateral relations, which has existed for roughly the last 10 months.
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Fitch rating upgrade seals Greece re-establishing itself as investment grade material
The annual credit review cycle for Greece was concluded on Friday with Fitch becoming the latest rating agency to award Greece an investment grade, upping the country’s rating to ‘BBB-‘, while keeping the outlook stable.
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Politics
SYRIZA tempers targets as Kasselakis struggles to keep party afloat
As SYRIZA leader Stefanos Kasselakis attempts to draw a line under the recent turmoil within the party, the leftists continue to leak support to other opposition parties, according to a new opinion poll.
Mitsotakis hopes tax bill tweaks will calm reactions in push to jump-start stalled reform agenda
SYRIZA rebels poised to launch new group after split
Economy
Despite strains, manufacturing remains in growth as Nov PMI reaches 50.9 pts
Greece’s Manufacturing PMI was essentially unchanged in November, remaining in expansion territory and rising by a fraction to 50.9 points, from 50.8 points in October, according to S&P Global data released on Friday.
Falling energy costs drive down producer prices by 13.5 pct in Oct
Retail sales rise by 3.3 pct in Sep, but falling volume reflects challenges
Society
Workers lost almost 9 pct of real income last year, research shows
The Greek economy’s debt legacy issues have been lasting despite some progress in the last few years and they were once again captured in the latest annual report published by the research arm of Greece’s largest union GSEE.
Latest census data shows demographic challenge is here as population shrinks, ages
Risk of poverty drops to 26.3 pct, reflecting post-Covid rebound
Agora
Greece - Some structural macroeconomic arithmetic
It is fall season (2023), which means that the Ministry of Finance, the Central Bank of Greece, the European Commission, and the OECD and IMF, among others, look ahead and present their near-term outlook for the Greek economy. This blog attempts to place the messages in context by looking underneath the surface. Can we ascertain Greece’s structural underlying basis?
After Greece clambers back to investment grade, what lies ahead?
Podcast - A decade in Greece: Looking back on the last 10 years