Economy
Crumbling Greek pension system threatens big fiscal gap, budget derailment
Social security funds (SSFs) are the weakest link among the main general government (gg) entities, showing a significant deterioration in their fiscal performance in the course of 2015 and creating a looming challenge for the coalition.
Major fall of 31.6 pct for building activity in July
Greek building permits nosedived by 31.6 percent in July, after rising in the previous five months, Hellenic Statistical Authority (ELSTAT) data displayed on Monday.
Omnibus bill goes to Parliament as Greece seeks to unlock 2 bln sub-tranche
The Finance Ministry published for public consultation on Saturday evening the omnibus bill including the prior actions needed for the disbursement of the next sub-tranche of 2 billion.
Greek stocks post weekly rise of 5.6 pct, with banks rebounding strongly
The Greek stock market rebounded 5.6 percent this week with increased volumes after receding in the prior two weeks.
CPI falls at accelerating rate of 1.7 pct in Sept
The Greek Consumer Price Index (CPI) dropped at an accelerating pace of 1.7 percent in September from 1.5 percent in August, Hellenic Statistical Authority (ELSTAT) data showed on Friday.
Car registration growth slows to 6.7 pct in September
The number of road motor vehicles (going into circulation for the first time) continued heading north for the second successive month, albeit at a slowing pace, by 6.7 percent in September, Hellenic Statistical Authority (ELSTAT) figures displayed on Friday.
Industrial production rebounds strongly in August with 4.5 pct rise
After declining for three months in a row, Greek Industrial Production Index (IPI) rebounded by 4.5 percent in August, Hellenic Statistical Authority (ELSTAT) figures showed on Friday.
Drop in trade deficit slows to 8.8 pct in August as decline in imports decelerates
Following a nosedive of 63.1 percent in July, Greece’s trade deficit fell by 8.8 percent in August, Hellenic Statistical Authority (ELSTAT) said on Thursday.
Unemployment unchanged at 25 pct in July
Greece’s seasonally adjusted (SA) unemployment rate remained stable at 25 percent in July, following a downward revision of the figure for June, the Hellenic Statistical Agency (ELSTAT) labour force survey displayed on Thursday.
IMF sees Greek debt above 200 pct of GDP in 2016, at 182 pct in 2020
Following the release of the World Economic Outlook (WEO) report with its latest macro forecasts on Greece, the IMF published on Wednesday its updated fiscal estimates in the October Fiscal Monitor (FM) report.