MacroPolis

Moody's sees 1.2 pct growth in Greece next year but highlights political risk

12/12/2014 - 18:44

Early presidential elections accelerate the risk of early parliamentary elections, which is a credit negative, according to Moody’s latest comment on Greece. Higher risk stems from the high electoral threshold and the coalition government’s presently slim majority in parliament, the ratings agency said.

Greek budget primary surplus up to 3.53 bln at end of November despite revenue shortfall

12/12/2014 - 13:51

Greece’s budget execution showed the primary surplus widening by 879 million euros to 3.53 billion in the 11-month period from 2.65 billion in the 10-month, according to the Finance Ministry (MoF) preliminary budget bulletin.

Greek stocks plunge again as bond yields climb to new high amid political turmoil

11/12/2014 - 18:08

Following a modest drop of 1 percent on Wednesday, the Greek stock market plunged 7.35 percent today amid elevated investor concerns related to developments on the domestic political front.

Building activity down again in September but at slower rate of -11.2 pct

11/12/2014 - 15:56

Τhe number of building permits issued in Greece continued to drop in September, albeit at the slower pace of -11.2 percent compared to -19.9 percent in August, according to the Hellenic Statistical Authority (ELSTAT).

Greek unemployment falls for seventh straight month, down to 25.7 pct

11/12/2014 - 13:58

The seasonally adjusted (SA) unemployment rate declined for the seventh straight month in September, when it fell to 25.7 in September from an upward revised 26 percent in August, according to the Hellenic Statistical Agency (ELSTAT).

Greek tax revenues at 33.5 pct of GDP in 2013, slightly below OECD average

11/12/2014 - 13:15

Greece’s total tax revenues as a percentage of GDP remained virtually unchanged at 33.5 percent in 2013 from 33.7 percent in 2012, according to the latest OECD Revenue Statistics report.

Greek banks' Eurosystem funding rises again in November, up by 1 bln

10/12/2014 - 23:23

Greek banks’ Eurosystem funding increased for the second straight month in November, when it rose by 1 billion euros, according to the Bank of Greece's (BoG) monthly financial statement on Wednesday.

What are SYRIZA's plans for Greek banks if it comes to power?

10/12/2014 - 13:46

The possibility of the government failing to elect a president and subsequent snap elections leading to the formation of a SYRIZA or SYRIZA-led government has brought the leftist party's plans for Greek banks into sharp focus.

Greek industrial production drops for eighth straight month but at slower rate

10/12/2014 - 13:40

The Greek Industrial Production Index (IPI) continued heading south for the eighth straight month in October, when it fell at a slower pace of 0.7 percent after a downward revised 4.9 percent drop in September, according to the Hellenic Statistical Authority (ELSTAT).

Greek stocks post second highest drop on record over political concerns

09/12/2014 - 18:36

The government’s sudden decision to bring forward the presidential ballot by two months proved a negative surprise for the domestic stock market and investor sentiment was seriously damaged.