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  1. May sees 48.7 pct rise in number of new cars in circulation

    EconomyMacroeconomy

    institutions point to a slowdown of private consumption to -1.8 percent in 2014 from the 6 percent drop

    3%

  2. Retail sales up 3.9 pct in April for first positive YoY reading since 2010

    EconomyMacroeconomy

    to -1.8 percent in 2014 from -6 percent in 2013. This follows a cumulative dive of 28 percent since

    3%

  3. Loan and deposit rates edge down in May but remain above euro area average

    EconomyMacroeconomy

    euros (down by 19 bps to 6.49 percent). In addition, the consumer loan rate eased by 6 bps to 14.80

    3%

  4. Drop ‘til you shop
    Photo by MacroPolis

    Agora

    , though, the Greek experience appears to be different. Only 6 percent of 227 retail stores in Athens

    3%

  5. EU Task Force sees progress on reforms and structural funds in Greece

    EconomyProgramme

    for clearance and cost reductions of 20 – 50 percent in the past 6 months. In addition, the Greek authorities

    3%

  6. Tourist arrivals in June increase 13.7 pct, bringing significant rise in receipts
    Photo by MacroPolis

    EconomyMacroeconomy

    , 6 percentage points higher than the rate of arrivals. A similar pattern was also evident

    3%

  7. Samaras, Tsipras under pressure to deliver on plans for economic policy
    Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]

    PoliticsGreek Politics

    The government has built up expectations regarding Prime Minister Antonis Samaras's economic policy speech at the Thessaloniki International Fair (TIF) on Saturday, September 6 but the political tone for the weeks to come may be set by SYRIZA leader Alexis Tsipras's address a week later

    3%

  8. Q2 GDP contraction at 0.3 pct, strong Q3 needed to achieve target of annual growth
    Photo by MacroPolis

    EconomyMacroeconomy

    and services, which eased 4.2 and 6 percent respectively. It is also noteworthy that Q2 trade balance

    3%

  9. GSEE report stresses risks on employment and the pension system, outlines burden on wages

    Society

    with its share to total employment at 20 percent from less than 6 percent before. This is more pronounced

    3%

  10. OECD report paints grim picture for Greece's labour market
    Photo by Harry van Versendaal

    EconomyMacroeconomy

    -1.5 to -2.8 percent. In contrast, real hourly wages in Portugal showed a sharper drop of 3.9 and 6

    3%