Former Prime Minister George Papandreou has thrown his hat into the ring for the KINAL leadership contest in a move that will undoubtedly attract attention but which, even if successful, might not have a discernible political impact.
Greece posted a current account (C/A) surplus of 1.41 billion euros in August, from a surplus of 538.1 million euros in July, according to Bank of Greece (BoG) data released on Thursday.
Greece’s industrial turnover continued its impressive recovery, jumping by 31.6 percent year-on-year (YoY) in August, following an increase of 25.1 percent in July, based on data from the Hellenic Statistical Authority released on Wednesday.
SYRIZA leader Alexis Tsipras has gone on the offensive against the government, calling for the minimum wage to be raised to 800 euros and for the consumption tax on fuel to be lowered as counter-measures to confront the wave of inflation troubling Greek households.
Greece’s central government recorded a primary cash deficit of 11.96 billion euros up to September, according to figures released by the Bank of Greece on Monday.
The household budget survey published on Wednesday by ELSTAT captures the effect that the pandemic and the lockdown restrictions had on Greek household spending in 2020.
It is perhaps because of the euphoria brought by tourism – both the ability of Greeks themselves to enjoy a holiday, and the positive impact on the national economy - that the general public has been willing to tolerate daily case numbers averaging between 2,000 and 3,000 throughout the summer, and double-digit daily fatalities climbing above 40 going into September, which experts have taken to describing as “a busload of people going off a cliff every day”.