Economy
Parliament's budget office warns government to move quickly
In its latest quarterly report published on Friday, the Parliamentary Budget Office (PBO) urged the new Greek government to move fast in order to reverse the negative climate created by snap elections and the failure of the previous administration to reach an agreement with the troika.
Greek retail turnover index down 1.6 pct in November
The turnover of Greece’s retail trade index fell 1.6 percent in November from an upward revised 0.8 percent increase in October, according to the Hellenic Statistical Agency (ELSTAT).
Greek stocks recover some losses after turbulent start to week
Following the sharp drop of 9.24 percent on Wednesday, the Greek stock market rebounded 3.16 percent on Thursday but only partially mitigated this week's losses, which still stand at -12.7 percent.
Greek deposits down 4.2 bln in Dec for highest outflows since June 2012
Greek private sector deposits fell for the third straight month in December, when they declined by 2.4 percent month on month (MoM). Balances reached 160.29 billion euros, according to the Bank of Greece (BoG).
Greek credit contracts by 3.1 pct in December
The rate of contraction in Greek bank credit slightly accelerated to 3.1 percent in December from 3 percent in November, according to the Bank of Greece (BoG). However, this was the second lowest negative reading since November 2011.
Greek economic sentiment down in January but consumer confidence rises
Greece’s economic sentiment (ESI) continued retreating for the second straight month in January, when it fell by 3.8 points to 95.3 from 99.1 in December, according to the European Commission (EC).
S&P puts Greece on watch for downgrade after sizing up new coalition
Following Moody’s report on Monday noting that Greek elections’ outcome is credit negative, S&P placed on Wednesday Greece’s ‘B’ sovereign credit rating on CreditWatch with negative implications.
![Photo by Can Esenbel [http://www.mundanepleasure.com/]](resources/toolip/img-thumb/2013/10/16/stocks2_economy_esenbel-medium.jpg "Photo by Can Esenbel [http://www.mundanepleasure.com/]")
Greek market jitters evident as investors dump shares and bonds
The Greek stock market remained deep in the red for the third straight session on Wednesday, tumbling by 9.24 percent.
First signs from new Greek government point to awkward meetings with lenders
The first signs of the new Greek government intentions on the economic front were already indicated right after its formation.
Moody's explains why it sees SYRIZA win as credit negative
Moody’s became on Tuesday the first rating agency to release a report on the outcome of Greek elections, noting that it is credit negative because it prolongs financing, liquidity and economic growth risks, while also undermines depositor confidence.