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SYRIZA rebels poised to launch new group after split
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.
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Outrage at Sunak snub mixed with unease at PM's handling of Marbles talks
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.
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Economic sentiment stable in Nov, consumer confidence slides further
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.
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Credit growth at 2.1 pct in Oct, but flow negative by 856 mln
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.
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Deposits drop by a sharp 2.14 bln in Oct, driven by corporations
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.
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Politics
Dissent in ND ranks as SYRIZA leader struggles to find stable pattern
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.
Athens prepares for Erdogan visit, high-level talks with Turkish officials
Kasselakis aiming to bounce back as SYRIZA continues to take hits
Economy
Aug sees second annual drop in building activity with 4 pct decline
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.
Final budget data for Oct verifies solid tax revenues on back of indirect and income tax haul
Despite slowdown, property prices jump by 11.9 pct YoY in Q3
Society
Workers lost almost 9 pct of real income last year, research shows
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.
Latest census data shows demographic challenge is here as population shrinks, ages
Risk of poverty drops to 26.3 pct, reflecting post-Covid rebound
Agora
Greece - Some structural macroeconomic arithmetic
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?
After Greece clambers back to investment grade, what lies ahead?
Podcast - A decade in Greece: Looking back on the last 10 years