Economy
Funding needs take centre stage in row between New Democracy and SYRIZA
One of the key topics in the agenda of two main Greek political parties’ ahead of January 25 snap elections is the issue of Greece’s funding needs by the end of March and the way they would be covered by the new government.
Greek CPI dives 2.6 pct in December as deflation deepens to 1.3 pct in 2014
The rate of decline in Greek consumer price index (CPI) accelerated to 2.6 percent in December from 1.2 percent in November, according to the Hellenic Statistical Authority (ELSTAT).
Growth in car sales peaks in December with rise of 69.3 pct
Τhe growth rate in the number of road motor vehicles going into circulation for the first time accelerated to 69.3 percent in December from 7.5 percent in November, according to the Hellenic Statistical Authority (ELSTAT).
Samaras sets out New Democracy's plans for growth
Following the presentation of SYRIZA’s updated economic policies on January 3, Prime Minister and New Democracy (ND) leader Antonis Samaras outlined his party’s programme for “Growth and Reforms – Greece 2021” on Saturday.
Greek industrial production on the up again in November, rising by 2.3 pct
The Greek Industrial Production Index (IPI) increased by 2.3 percent in November following a downward revised 0.4 percent drop in October, according to the Hellenic Statistical Authority (ELSTAT).
Greek exports rise by 6.6 pct in November to trim trade deficit
The drop in Greece’s trade deficit accelerated to 10.7 percent in November after easing by 4.4 percent in October, according to the Hellenic Statistical Authority (ELSTAT).
What is SYRIZA planning to do with Greek banks?
SYRIZA leader Alexis Tsipras has repeatedly outlined the party’s immediate economic policies which mainly involve three key themes: asking for a significant reduction of nominal debt, renegotiation with the eurozone on the Memorandum of Understanding (MoU) policies and implementation of a 3-pillar programme with a total cost estimated at 11.4 billion euros.
Greek time deposit rate down to 1.88 pct in November, lowest since euro entry
The interest rate on households’ new time deposits dropped by another 6 basis points (bps) to 1.88 percent in November, according to the Bank of Greece (BoG). This is the lowest reading since Greece accessed the euro area in 2002.
Greek unemployment drops slightly to 25.8 pct in October on lower jobless
The seasonally adjusted (SA) unemployment rate eased for the second successive month to 25.8 percent in October from an upward revised 26 percent in September, according to the Hellenic Statistical Agency (ELSTAT).
Greek economic sentiment and consumer confidence fall sharply in December
After improving in the preceding two months, Greece’s economic sentiment (ESI) fell by 3.8 points to 98.9 in December from 102.7 in November, according to the European Commission (EC).