The key themes of SYRIZA’s economic policy involve asking for a write-οff of nominal debt, a renegotiation of loan terms with the troika and the implementation of the 3-pillar programme initially revealed at the International Trade Fair (ITF) in Thessaloniki last September.
After rising by 1.2 percent in each of the preceding two sessions, the Greek stock market plunged 5.63 percent on Monday amid prevailing political uncertainty and investors’ concerns over contradicting press reports about a potential Grexit.
Speaking at the party’s congress on Saturday, SYRIZA leader Alexis Tsipras presented his parties key economic policies, which were essentially based on those set out at the Thessaloniki International Fair (TIF) last September.
Greece’s Manufacturing PMI increased for the third successive month by 0.3 points to 49.4 in December from 49.1 in November, according to Markit.
After a short-lived drop of 0.9 percent in September, the turnover of Greece’s retail trade index rose by 0.5 percent in October, according to the Hellenic Statistical Agency (ELSTAT).
Greek private sector deposits dropped for the second successive month in November, edging down by by 0.1 percent month on month (MoM) with their balances landing at 164.3 billion euros, according to the Bank of Greece (BoG).
The rate of drop in Greek bank credit decelerated for the second straight month in November, falling to 3 percent from 3.2 percent in October, according to the Bank of Greece (BoG).
The Greek stock market fell 3.91 percent on Monday following a volatile session in the aftermath of Parliament failing to elect a president and snap elections being called for January 25.
The failure to elect a president in Greece, triggering snap elections early in 2015, brings into sharp focus the issue of what liquidity is available to the Greek state and any government that is formed next year.
After a sharp rise by 34.2 percent in September, Greece’s trade deficit narrowed by 4.4 percent in October, according to the Hellenic Statistical Authority (ELSTAT).