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Mitsotakis pairs fuel aid and private debt relief with warning to ministers
Prime Minister Kyriakos Mitsotakis used Wednesday's cabinet meeting to unveil a new round of support measures on fuel and private debt, while signalling that further relief will come in increments, with any broader intervention requiring Brussels' blessing.
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Former minister’s trial set to revive Tempe in time for elections
A former deputy minister will stand trial before the Special Court over the clearance of the Tempe rail crash site. The ruling puts the government back on the defensive over the country's most emotive scandal just as the pre-election season gathers pace.
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Manufacturing stays in expansion in Sep despite slight PMI moderation
Greece’s manufacturing PMI slightly moderated in September at 54 points, from 54.4 points in the previous month, S&P Global data showed on Thursday.
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Rises in refined oil products push producer prices up by 14.9% YoY in August
Greece’s Producer Price Index (PPI) accelerated further in August to 14.9 percent year-on-year (YoY), after a rise of 11.8 percent in the previous month, ELSTAT data showed on Wednesday.
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Retail sales on the up with 6.6% YoY growth in July
The growth of Greece’s retail sales accelerated to 6.6 percent year-on-year (YoY) in July, after an increase of 4.2 percent in the previous month, Hellenic Statistical Authority (ELSTAT) data released on Wednesday showed.
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Politics
Athens prepares for resumption of GSI activity and potential Turkish reaction
The Great Sea Interconnector (GSI) is entering what may prove to be its most consequential phase so far.
Government scrapes together more fuel price measures as ELAS intensifies pressure
Government scrambles for more cost‑of‑living relief as WSJ revelations open new front
Economy
Unemployment rate drops further to 7.4% in August
Greece’s seasonally adjusted (SA) unemployment rate moderately improved in August at 7.4 percent, from a 7.9 percent in the previous month, Hellenic Statistical Authority (ELSTAT) data showed on Wednesday.
Economic sentiment slightly improves in Sep, as recovery in consumer confidence continues
Building activity rebounds strongly with 21.5% YoY rise in June
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.
Magdeburg shocks Berlin
A summer tan can’t obscure Greek economic reality