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Resignations of two key aides undermines PM's attempt to rebuff crash cover-up claims
Although the government, which has a significant parliamentary majority, was not troubled by last night’s no-confidence vote, Prime Minister Kyriakos Mitsotakis did not escape unscathed from the process.
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Governing party MPs rally around ex-transport minister to fend off opposition attacks
New Democracy politicians presented a united front defending the government against a censure motion triggered by its handling of the deadly Tempe rail crash. Their fulsome support for resigned transport minister Kostas Karamanlis brought condemnation from the opposition parties, who accuse the government of arrogance.
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Deposits continue to slide in Feb as households and firms dip into savings
The net private sector deposits in the Greek banking system contracted further in February with a drop of 1.07 billion euros, after a 5.24 billion euros drop in January, based on the latest Bank of Greece (BoG) figures released on Thursday.
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Lending to corporations drives credit expansion of 3.8 pct YoY in Feb
The credit expansion in the Greek private sector picked up pace slightly in February, rising by 3.8 percent year-on-year (YoY), up from 3 percent in January, Bank of Greece (BoG) figures released on Thursday showed.
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Small gains for building activity in Dec, up 7.1 pct in full 2023
Building permits only rose marginally in December, up by 0.6 percent year-on-year (YoY), after dropping by 1.2 percent year-on-year (YoY) in the previous month, according to the data released by the Hellenic Statistical Agency (ELSTAT) on Thursday.
Politics
Greek-Albanian deadlock over Beleri case no closer to being resolved
Athens is at an impasse in its relations with Tirana after an Albanian court recently convicted Fredi Beleri, the ethnic Greek mayor-elect of the town of Himara, of vote-buying.
New Democracy comes out fighting against Tempe censure motion
Government prepares to hit back at opposition's censure motion over train crash
Economy
Economic sentiment and consumer confidence gain ground in March
Greece’s economic sentiment (ESI) recovered strongly to 108.4 points in March, from 104.9 points in February, according to European Commission figures released on Wednesday.
Travel balance surplus more than doubles YoY in Jan
Income tax and VAT revenues drive budget primary surplus to 3.38 bln in Feb
Society
Workers lost almost 9 pct of real income last year, research shows
The Greek economy’s debt legacy issues have been lasting despite some progress in the last few years and they were once again captured in the latest annual report published by the research arm of Greece’s largest union GSEE.
Latest census data shows demographic challenge is here as population shrinks, ages
Risk of poverty drops to 26.3 pct, reflecting post-Covid rebound
Agora
Podcast - Between investment grade and rule of law: Greece's contrasting images
Phoebe and Nick are back to examine the contrasting images of Greece abroad and how they sit side by side.