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Mitsotakis facing up to challenging autumn as majority momentum fails to materialise
As Greece moves into the autumn and the long pre‑election period begins to take shape, Kyriakos Mitsotakis faces a political and economic landscape that seems to be far more demanding than the headline macroeconomic indicators suggest.
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Current account turns to surplus in July thanks to services, tourism
Greece’s current account deficit went to a surplus of 218.5 million euros, from a deficit of 602.8 million euros in the previous month, Bank of Greece (BoG) data released on Monday showed.
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Scope raises rating to 'BBB+' as Moody's ups outlook to positive
Positive developments around Greek sovereign bonds (GGBs) continued last Friday, with Moody’s upgrading its outlook on Greece to positive from neutral, while Scope Ratings raised the country’s credit rating by one notch to BBB+ with a stable outlook.
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Politics
PM rolls out more help for energy bills, pleads for majority as polls show path narrowing
Kyriakos Mitsotakis used his first television interview after the Thessaloniki International Fair on Thursday to address two issues that are having a major impact on the political landscape: the looming surge in energy prices and the increasingly complex arithmetic of the next general election
Muted post-TIF polls trigger Mitsotakis counter-offensive
Discipline problems cloud govt's TIF message as spotlight falls on private clinic regulation
Economy
Energy drives 16.4% YoY jump in industrial turnover for July
Greece’s industrial turnover recorded another strong rise of 16.4 percent year-on-year (YoY) in July, from 19.6 percent in June, according to data released by the Hellenic Statistical Authority (ELSTAT) on Friday.
Property price growth slows to 5.5% YoY in Q2, at new all-time high
Primary surplus at 6.5 bln up to August as taxes continue strong trend
Society
OECD warns young Greeks face deep structural barriers to work, family and housing
The latest OECD report on the challenges faced by young people in Greece captures the complex landscape they must navigate and the hurdles they encounter in their efforts to achieve financial independence, find stable employment, start a family and secure housing.
EU report shows Greece entering new era of extreme ageing and population decline
Trust levels fall again as public perceptions trail economic progress
Agora
The making and unmaking of "Greek statistics"
Back in 2010, the term “Greek statistics” became synonymous worldwide with creative fiscal accounting and institutional failure. When Greece faced bankruptcy in late 2009, the international community discovered that the New Democracy government had understated the country’s fiscal deficit.