Economy
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.
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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.
Greece's lenders adopt cautious approach to new government
As expected, most of troika institutions and top officials from individual countries’ governments commented on the outcome of Greek elections congratulating the wining party and wishing success to their work.
Greek primary surplus shrinks by 1.7 bln in Dec as revenues miss 2014 target by 3.1 bln
Greece’s budget execution showed the primary surplus shrinking by 1.7 billion euros in December ending the year at 1.87 billion from 3.57 billion in the 11-month period, according to the Finance Ministry (MoF) final budget bulletin published on Monday.
The immediate economic and financial hurdles for the new Greek government
The new Greek government has several thorny economic issues to address in its first days in office.
Pressing economic tasks mounting up for next Greek government
Regardless of the outcome of general elections, the new Greek government will have a number of pressing issues to resolve in the coming weeks.
First rise since 2009 for Greek household disposable income in Q3 2014
Greek household disposable income rose by 0.03 percent year on year (YoY) in the third quarter (Q3) of 2014 following a drop of 8.3 percent in Q2, according to the Hellenic Statistical Authority (ELSTAT).