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The bad hand being dealt to Greece's next government
Agorato the bailout, which will expire less than four weeks after a new government is sworn in (if the January... Liquidity Assistance (ELA) as a precautionary move. While local lenders are in much better shape than... overcome the worst of its problems. Similar declarations came with Greece’s return to bond markets
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Turkish unrest gives Greece the shivers
Agoraand antagonism have made Athens nervier than it needs to be, but there have been specific cases of Greeks... much more complex and edgy than they have been in recent times. The current government has made... with Ankara regarding the refugee crisis. While there are many problems with the EU–Turkey
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Report exposes fractured and incomplete response to refugees
Societythe tender and recruitment drive, was reclassified as a public sector entity rather than a private... carries a notably higher cost burden than alternatives. With no exit strategy formulated before... and the islands had also run into repeated problems. These problems initially stemmed from a lack
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Newsletter 245 -27/03/2020
the use of scarce equipment rather than protect frontline workers’ health. Similar concerns were... of respondents said that they were receiving significantly less orders than before. For all sectors reporting... problems and only 3 percent expected the epidemic to have no lasting impact on their business
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Snow melts in Athens, political row over storm response heats up
PoliticsGreek Politicsthat this was the heaviest snowfall in Athens for more than 15 years. Most of the problems caused... in 2018, which resulted in the deaths of more than 100 people. At the time, New Democracy was able... Distribution Network Operator (HEDNO) of failing to respond to the problems caused by the storm
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Early summer fire highlights precariousness of snap election option
PoliticsGreek Politicsby the public as being more in tune with people’s problems than PM Mitsotakis (38 vs 35 pct... last year was 10 times higher than in 2020 and that not enough has been done to form an up-to-date... capacity to deal with the threat of wildfires, familiar problems remain. “Behind the pompous
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Severe underspend covers lower revenues for end-May primary surplus
EconomyGreece’s budget execution showed that the 5-month primary surplus more than doubled to 1.51 billion... higher than expected Public Investment Budget (PIB) balance (by 1.11 billion) more than offsetting..., the underlying revenue performance in May shows a revenue shortfall of more than 300 million euros. Τax
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Special ELSTAT report reveals dramatic changes in labour market since 1980s
EconomyMacroeconomy. During the current crisis, the jobless rate more than tripled. It peaked at 27.5 percent in 2013 but has decreased by more than 2.5 percentage points (pp) since then, falling to 24.9 percent in 2015... (less than 5 months) exceeded the long-term figure. Long-term to total unemployment started rising
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Budget primary surplus of 1.1 billion slightly outperforms target by 77 million in Q1
EconomyMacroeconomyof 1.07 billion in March following a surplus of more than 1 billion recorded in each of the previous two... in March, mostly due to higher direct taxes, which came in 131 million better than target. Overall... of target by 69 million. The better than expected performance of direct taxes is mainly attributed to higher
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Budget primary surplus of 1.73 bln outperforms target, tax revenues fall short in April
EconomyMacroeconomylower than the target. In addition, gross revenues (revenues before tax refunds) beat the target by 534... lower than the target. The monthly primary balance recorded a surplus of 656 million in April from... million lower than the target. This is fully attributed to indirect taxes, which were 178 million
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