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Greek stocks end week flat as Friday’s strong rebound erased earlier losses
EconomyThe Greek equity market moved sideways this week, ending almost flat (-0.1 percent), while trading volumes were softer than the previous week. The ESM decision to freeze the implementation of short... on Friday virtually flat from the end of the previous week. Overall, Greek stocks have gained 4.5 percent
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S&P affirms Greece’s rating with stable outlook
Economyits previous estimate for flat growth, weighed by “additional fiscal drag, blocked banking system and moribund private sector confidence”. For the subsequent years, the rating agency expects GDP
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EU and IMF bailout drafts confirm conditionality as well as differences on primary surplus
EconomyProgrammethat was agreed last summer as a means for Greece to repay part of the eurozone loans via the ESM... issues for SYRIZA, either because of political ideology or previous pledges and leaves unresolved... and for entertainment services books and periodicals from 6 to 13 percent. In contrast, the IMF
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Greek stocks remain flat during week, banks underperform
EconomyThe Greek equity market traded sideways amid muted sessions this week, ending flat compared to the previous week’s closing. S&P affirmed last Friday evening Greece’s ‘B-/B’ ratings with a stable outlook, reflecting its view that the government is meeting, albeit with delays, the terms of the third
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Mitsotakis tests PASOK with proposal to end permanence in civil service
PoliticsGreek Politicsof scrapping permanence in the civil service. However, it also appears that Mitsotakis and his aides... of breaches of the civil service code. He also went on to criticise the evaluation process in the civil service, arguing that the assessment is being carried out by general managers and department chiefs
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Govt faces pushback from food service sector over re-opening rules
PoliticsGreek Politicswill not open their establishments because they will not be able to earn enough revenue. The food service... an indication of how concerned the government is about keeping the food service sector content and able... that the government would not abandon food service businesses – another sign of the importance
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Newsletter 305 - 16/07/2021
had been mooted previously, including the armed forces, the emergency services and the clergy
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Turnover indices in most service activities deteriorate in Q4
EconomyMacroeconomy, with the most notable deterioration in information service (-29.6 percent), management consultancy...) and information service (+60.6 percent). It is pointed, though, that the turnover indices are not seasonally...) and architectural and engineering activities (-41.8 percent). On the flipside, only two service sectors
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Growing concerns over second lockdown in food service sector, a key employer
EconomyFeaturesRepresentatives of the food service sector have been expressing their concern about the survival... that the three sectors with the highest negative hiring balance were catering service activities (-29,295), accommodation (-15,396) and the food industry (-5,823). The food service industry
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Health service weakness highlighted as Covid deaths hit record high and research points to ICU disparity
PoliticsGreek Politicsto explain why he did not do anything to strengthen the health service after being made aware... per day. This suggests that the health service struggles greatly when the patient load is above 400... argument that the government has ignored serious failings in the health service and not done enough since
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