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Authorities say no new measures on the way despite surge in Covid-19 cases
Health Minister Thanos Plevris has dismissed the prospect of a return of Covid-19 measures after a rapid rise in infections and hospitalisations in recent weeks put Greece on course for a sixth wave of the pandemic.
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Turkey climbs up agenda as snap election expectations grow
Although there were no signs on Wednesday of Greece and Turkey being at loggerheads at the NATO summit in Madrid, concern among voters about relations between Athens and Ankara appears to have shot up since last month, according to a new opinion poll.
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Deposit rise of 1.3 bln in May led by corporates as household savings drop
The net private sector deposit movement in the Greek banking system in May stayed positive at 1.31 billion euros, from 1.35 billion euros in April, and negative movement of 989 million seen in March, based on Bank of Greece (BoG) figures released on Wednesday.
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Credit growth accelerates to 3.2 pct in May, led by loans to businesses
Credit movement in the Greek private sector was steady at 3.2 percent year-on-year (YoY) in May, from 2.8 percent in April, and 1.6 percent in March, Bank of Greece (BoG) figures released on Wednesday showed.
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Economic sentiment drops by 3.7 pts in June as all components deteriorate
Greece’s economic sentiment (ESI) declined by 3.7 points in June, dropping to 104.3 points, following a recovery of 2.9 points in May, according to European Commission figures released on Wednesday.
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Where is Odysseus? Part 4 - Unemployment and Employment
As in the previous three monthly blogs, we continue to trace the progress of modern-day Odysseus, who started a long voyage in 2018 to help bring Greece back home to a sustainable and prosperous economy. He is seeking to navigate a high debt ratio of 185 percent of GDP towards a debt ratio of 60 percent of GDP.
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Politics
ND stakes claim on social policy, highlighting referendum anniversary
New Democracy has announced that it is launching a debate on social policy, in a move widely interpreted as the unofficial start of a campaign leading up to early elections in the autumn.
Athens braces for Erdogan bargaining at NATO summit
Parties get into campaign mode as ND mulls possible election dates
Economy
Jan-May primary budget deficit contained at 1.49 bln on back of property tax, VAT intakes
The budget primary balance for the first five months of 2022 came to a deficit of 1.49 billion euros, compared to a deficit of 8.14 billion euros during the same period last year, according to the final Finance Ministry (MoF) budget execution data released on Monday.
PBO urges continued fiscal discipline amid growing instability
Seasonal jobs account for 7 in 10 hirings as balance nears 100,000 in May
Society
From the National Energy and Climate Plan to COP26: What has Greek climate policy learned?
A lot has happened in the two years since Kyriakos Mitsotakis, freshly elected as Greek PM, took to the stage at the UN General Assembly in 2019 to launch “a new, ambitious, national strategy on energy and climate change” for Greece, a strategy which was outlined and quantified in the National Energy and Climate Plan adopted a few months later.
Impact of pandemic, lockdowns reflected in lower household spending during 2020
Short-term fix for electricity bills leaves open questions for green transition strategy
By:
Agora
Broad impact of inflation crisis becoming clearer
It is becoming increasingly evident to the Greek authorities that inflation is the most difficult challenge they will face over the coming months as a varied range of recent data reflects the pressure on prices and the wider economic implications.
Where is Odysseus? Part 3 - Participation
Podcast - Rising sun: How will PASOK's revival affect Greek politics?