The 11 MPs who quit SYRIZA in protest at the leadership of Stefanos Kasselakis are poised to form their own parliamentary group, facing the challenge of directing their fire at New Democracy, which continues to be dogged by the same-sex marriage issue, rather than become embroiled in a battle with their former party.
Political leaders in Greece have been unified in condemning UK Prime Minister Rishi Sunak for cancelling a meeting with PM Kyriakos Mitsotakis after the latter called for the return of the Parthenon sculptures.
Greece’s economic sentiment (ESI) had a marginal drop of 0.4 points in November to 106.2, from a 1.4-point drop in the previous month, according to European Commission figures released on Monday.
The credit expansion in the Greek private sector was stable in October, rising by 2.1 percent year-on-year (YoY), unchanged from September, Bank of Greece (BoG) figures released on Tuesday showed.
The net private sector deposits in the Greek banking system contracted strongly in October, with a 2.14-billion-euro outflow, after an upward movement of 2.23 billion euros in September, based on the latest Bank of Greece (BoG) figures released on Tuesday.
Prime Minister Kyriakos Mitsotakis is on a working visit to the UK but he is facing some dissent in the New Democracy ranks, although this opposition pales in comparison with the ongoing rebellion against SYRIZA leader Stefanos Kasselakis by members of his own party.
Building permits posted the second negative reading of the year in August, falling by 4 percent year-on-year (YoY), after a rise of 7.5 percent in July, according to the data released by the Hellenic Statistical Agency (ELSTAT) on Tuesday.
The Greek economy’s debt legacy issues have been lasting despite some progress in the last few years and they were once again captured in the latest annual report published by the research arm of Greece’s largest union GSEE.
It is fall season (2023), which means that the Ministry of Finance, the Central Bank of Greece, the European Commission, and the OECD and IMF, among others, look ahead and present their near-term outlook for the Greek economy. This blog attempts to place the messages in context by looking underneath the surface. Can we ascertain Greece’s structural underlying basis?