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  1. Newsletter 187 -14/12/2018

    Newsletters

    . November’s figure was driven by a drop of 859 million in Emergency Liquidity Assistance (ELA) funding... arrears) rose by 9 million and came to 2.62 billion euros after a drop of 416 million..., with January’s drop being the first negative reading since November 2016. The average CPI

    53%

  2. Greek primary budget surplus eases to 1.95 bln on back of lower revenues in Aug
    Photo by MacroPolis

    Economy

    resumed again an upward trend in August showing a slight rise of 0.6 percent after a 3.2 percent drop... revenue targets included revenues of 884 million euros from the first two instalments of the new

    52%

  3. Value of HFSF participation in Greek banks falls to 17 billion
    Photo by MacroPolis

    EconomyBanking

    of 859 million was recorded due to the drop in the valuation of bank warrants. The highest negative... billion euros from 25.1 billion at the end of March, which is attributed to a 17 percent drop

    51%

  4. First challenges for tourism plan, as public relaxes approach to virus
    Athens Airport metro

    PoliticsGreek Politics

    -risk by the EU’s Aviation Safety Agency EASA, and would be under constant review. Theoharis stressed... and safety criteria”, adding, “the EASA list is our guide”. Currently, all arriving international... high-risk by EASA, and allows its citizens to holiday abroad. The US, along with large parts of Italy

    51%

  5. Eurosystem funding falls by 978 mln in Nov, banknotes increase for fourth month
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    figure was driven by a drop of 859 million in Emergency Liquidity Assistance (ELA) funding to 2.71

    50%

  6. Reactions to reshuffle continue as government seeks fast track prosecution of former minister
    Photo by MacroPolis

    PoliticsGreek Politics

    . On Monday, Deputy Energy Minister Nikos Tsafos came under fire from opposition parties over... to show understanding for some of Turkey’s claims in the Aegean make Tsafos unsuitable to hold such a sensitive post. Tsafos, who had previously served as Mitsotakis’s advisor on energy, was forced

    48%

  7. Greece's labour market is austerity's biggest casualty

    Agora

    . The lion’s share comes from construction that has lost 159,000 jobs, a staggering 43.8% drop... and retail trade with 127,000, a 16% drop. The fourth and first quarters of each year are traditionally... for just over 1 percentage impact between GDP drop and industrial production and 1 for 1.5 relationship

    40%

  8. OECD forecasts unemployment increase into 2021
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyFeatures

    are lower than the OECD average, which sees an average drop in GDP of 7.5 percent under the single hit... is the harshest, anticipates a GDP drop of 10 percent this year with subsequent job losses of 192,000... particularly that the coronavirus crisis reveals the limits of the country’s economic development model

    36%

  9. Drop ‘til you shop
    Photo by MacroPolis

    Agora

    , started producing import substitutes? Have we shifted away from a business model based around selling

    35%

  10. Of symmetry and adjustments in the eurozone

    Agora

    adjustment. The increase of youth unemployment and the dramatic drop in investment rates, not only... reasons why an export-led model cannot work: The first is the many times recalled fallacy... on an export-led growth model Germany and Europe will be forced to rely on somebody else’s growth

    35%