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Complexities of post-election cooperation laid bare
New Democracy has rejected the suggestion that should it not gain an outright majority, PASOK will be able to determine who will be Prime Minister if the centre-left party teams up with the ruling conservatives to form a coalition.
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PASOK's Androulakis eyes kingmaker role as margin between main players shrinks
With opinion polls showing no clear winner in the upcoming elections, the leader of Greece’s third largest political party set out his terms lending support in a potential coalition government.
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Strong start for travel receipts in Jan, rising by 72 pct YoY to 224.2 mln
Greece’s travel balance recorded a surplus of 26.3 million euros in January, from 71 million euros in December, according to Bank of Greece (BoG) data released on Tuesday.
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Current account deficit narrows to 125.2 mln in Jan on higher exports, moderate fuel impact
Greece’s current deficit opened 2023 with a narrow current account deficit of 125.2 million euros, from 2.66 billion euros in December, Bank of Greece (BoG) data showed on Thursday.
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Property prices grow by 12.2 pct in Q4, as 2022 sees rise of 11.1 pct
The increase in the nominal value of apartments in Greece remained on a solid footing in Q4 2022, rising by 12.2 percent year-on-year (YoY), from an upwards revised 11.7 percent in Q3, Bank of Greece (BoG) data released on Wednesday showed.
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Politics
PM targets elections in May as polls show outcome is finely balanced

With his party continuing to experience a dip in the opinion polls, Prime Minister Kyriakos Mitsotakis seems to have ended speculation that elections will take place at the end of the government’s four-year term, in early July.
ND poll losses reignite discussions of post-election coalition

Mitsotakis targets public sector malaise as MPs scrutinise railway safety

Economy
Lenders confident of being well-placed to overcome global banking sector turbulence

Following last week’s turbulence in the global banking sector after the collapse of two banks in the US and trouble at Credit Suisse, the entire banking system, led by Bank of Greece governor Yiannis Stournaras tried to ensure that there is not a shred of doubt about the resilience of the Greek banking system.
Industrial turnover rises 17.7 pct YoY in Jan, but falls sharply MoM at home and abroad

Moody's keeps Greece three notches from investment grade, improves outlook on back of growth potential

Society
Poverty rate rises in 2021; even after social transfers 1 in 4 children are at risk

The latest living conditions published by ELSTAT on Friday shows that poverty resumed an upward trend in 2021 after a series of declines that started in 2014, with 2020 marking the most recent annual low.
From the National Energy and Climate Plan to COP26: What has Greek climate policy learned?

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Impact of pandemic, lockdowns reflected in lower household spending during 2020

Agora
Does the EU Commission suffer from optimism bias? (Part 2)

In the previous blog we expressed concern that the European Commission may suffer from an optimism bias. We noted that the long-run outlook for real GDP growth in the EU27 as a whole appeared to be based on too-favorable labor productivity growth assumptions.
Our tragedy: How could this happen?

A game of marbles: Are the Parthenon Sculptures coming home?
