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  1. Labour database shows 8 in 10 workers earn less than 1,200 per month
    Photo by MacroPolis

    Economy

    The annual edition of data from Ergani, the Labour Ministry’s database, gives a good snapshot of Greek entrepreneurship and economic activity as well as details about the earning capacity of workers. According to Ergani Greek companies are dominated by ...

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  2. Current account deficit at 8 bln after 10M as goods deficit widens
    Photo by Angelos Christofilopoulos/Fosphotos

    EconomyMacroeconomy

    Greece’s current account remained in deficit in October, widening to 383.2 million, from 316.5 million euros in September, Bank of Greece (BoG) data showed on Friday. In October 2023, the balance showed a deficit of 1.21 billion euros. The Bank of Greec...

    18%

  3. Exports produce strong finish to 2024 but trade deficit up 8 pct to 34.61 bln
    Photo by Angelos Christofilopoulos/Fosphotos

    EconomyMacroeconomy

    Greece’s trade deficit dropped by 9 percent year-on-year (YoY) at the close of 2024, after a rise of 18.7 percent in November, according to data released by ELSTAT on Friday. The deficit came to 3.109 billion euros for December. Imports totalled 7.13 bi...

    18%

  4. Construction continues recovery in Aug, down 8.4 pct YoY over 8 months
    Image: MacroPolis

    EconomyMacroeconomy

    Building activity remained in growth in August, with a rise of 7.8 percent year-on-year, after an increase of 12.2 percent YoY seen in July, according to the data released by the Hellenic Statistical Agency (ELSTAT) on Thursday. The total number of perm...

    18%

  5. Strong primary surplus of over 8 bln at close of 2025 as spending is contained

    EconomyMacroeconomy

    The budget primary balance was confirmed at a surplus of 8.09 billion euros for 2025, compared to a surplus of 8.7 billion euros a year earlier, according to the final Finance Ministry (MoF) budget execution data released on Monday. Expenditure, excludi...

    18%

  6. Golden Dawn rears its head in local polls, prompting rethink from main parties
    en_GB Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]

    PoliticsGreek Politics

    candidate drew close to 8 percent of the votes, which is still higher than the 6.9 percent the party... toned down its rhetoric on Golden Dawn supporters. “It is obvious that 15 percent of Athenians... comfortably until its MPs were arrested in September. The surveys indicate it could receive around 8

    17%

  7. Stress mounts ahead of ECB's tests on Greek banks
    Photo by MacroPolis

    Economy

    colleagues at the July 8 Eurogroup about the potential impact of the stress tests. “The Greek economy... expressed by Hardouvelis at the July 8 Eurogroup confirm the uncertainty prevailing in the domestic stock... revealed that Greek banks’ capital needs would stand north of 15 billion euros compared to the 6.5

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  8. Greek debt: A case of learned helplessness?
    Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]

    Agora

    to 15 billion euros in 2011, from 11.9 billion euros in 2009, before Greece lost market access... and non-performing loans of just 8 percent. Since then, though, the economy has fallen off the cliff... to generate an annual primary surplus of 8 billion euros to cover debt repayments for more than a decade

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  9. In survival bid, coalition seeks to ease taxpayer burden, secure early bailout exit
    Photo by MacroPolis

    PoliticsGreek Politics

    on surcharges. The annual interest rate for the debt is set at 4.56 percent from more than 8 percent... well above 15 billion. The legislation tabled by the coalition also maintains the VAT rate... and monitoring. According to reports, Samaras wants to have all this in place by the December 8 Eurogroup

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  10. Greek coalition left with bailout exit conditions it wanted to avoid
    Photo by MacroPolis

    PoliticsGreek Politics

    that Greece would have “15 rather than 15,000 actions” to perform. The aim is for Greece to remain... and 2016. The credit line is likely to be based around some 8 billion euros that Greece will return... is now aiming for is December 8, when the next Eurogroup will be held to decide what the next steps

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