Greek officials seem very satisfied with the results of Prime Minister Kyriakos Mitsotakis’s trip to Washington, which gave the Greek leader an opportunity to raise a wide range of issues.
Central govt cash balance records surplus of 714 mln in April, improves by 5 bln YoY in first four months
Greece’s central government recorded a primary cash surplus of 714 million euros in April, from a deficit of 2.23 billion euros in the same month of 2021, according to figures released by the Bank of Greece on Wednesday.
Greece’s seasonally adjusted (SA) unemployment rate dropped marginally to 12.2 percent in March, from a slightly downward revised 12.7 percent in February, Hellenic Statistical Authority (ELSTAT) data showed on Wednesday.
In its spring forecasts, published on Monday, the European Commission incorporated the impact of the conflict in Ukraine on the growth outlook for the eurozone, with the Greek growth rate for this year now revised down to 3.5 pct, from the 4.9 pct included in the winter forecast published in February.
With national elections due in the next 12 months, The Agora podcast takes a closer look at PASOK’s return to the centre stage and what this means for Greek politics.
Government officials were in buoyant mood on Wednesday after Prime Minister Kyriakos Mitsotakis wrapped up his visit to Washington, following up his meeting with US President Joe Biden on Monday with a speech to Congress on Tuesday.
Greece’s employment balance made a remarkable recovery in April after two subdued, pandemic-impacted years as 124,365 more hirings than departures were recorded, according to data from the Labour Ministry’s Ergani information system.
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.
We follow up on Blog 16 of April 2022 and continue to be in search of Odysseus, who is aiming to guide the people of Greece back home from a high debt ratio in the economy to a much lower debt ratio. The Odysseus metaphor was developed in the book “The Macroeconomy of Greece” published in 2019 with data through mid-2018.