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Sentiment unchanged in April thanks to services gains, consumer confidence also rises
EconomyMacroeconomyServices confidence is now roughly 12 points up on the rolling 12-month. Retail trade dropped..., now down by circa 12 points from May last year. Construction confidence returned to negative
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Inflation up to 2.7 pct in July as housing costs keep rising
EconomyMacroeconomyindex was in deflation for the 12 months prior to May 2021, when the CPI posted a marginal increase... and olive oil rising by 56.7 percent. The food price index in July 2023 was up by over 12 percent, near its
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Androulakis reaffirmed as PASOK leader, ending talk of centre-left alliance
PoliticsGreek Politics40 pct and signifying a convincing win for the incumbent. Androulakis won 12 of the 13 regions... as only 12 members voted against, but it was a minority overall as the total number of officials who sit
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Athens insists maritime spatial planning plans do not obstruct talks with Turkey
PoliticsForeign Policyin within its coast and has threatened Greece with war if it expands its territorial waters from 6 to 12... waters to 12 miles in the Ionian Sea, it has not done so in the Aegean, but has asserted its
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PM tries to steer agenda back to reforms as OPEKEPE scandal rumbles on
PoliticsGreek Politicspayments to farmers by announcing a set of initiatives to cut bureaucracy. The PM said the 12 measures...’s defence capabilities. Mitsotakis said the first two of 12 Greek SAR satellites are set
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Mitsotakis showcases justice reforms as opposition raises concerns over spyware case
PoliticsGreek Politics. Thessaloniki has seen resolution times fall from 12 months to 7.5 months, while in Piraeus the figure has improved from 12 months to 9 months. Floridis warned that questioning these improvements risks
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ProMacro_Scope
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What is the state of play with Greek banks?
Economyof their capital base was at high levels, with Alpha and Piraeus EBA core Tier 1 ratio (at the end.... Furthermore, a 6 percent cut in bank employee wages has already been in effect retroactively as of January 1... for National. As an indication, a 1 percentage point increase in the Greek NPL ratio would result
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Newsletter 23 - 17/04/2015
that an additional 1 billion euros in NPLs was created in March. If confirmed, this three billion... tier 1 (CET1) ratios stood at adequate levels at the end of 2014, ranging from 12.1 percent... by one notch to “CCC+/C”. It estimated that the Greek economy has shrunk by 1 percent over the last six
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Brussels talks inconclusive, Tsipras has tough sell at home if deal reached
PoliticsGreek Politics. According to reports, this year’s target will be 1 percent of GDP rather than 3 percent, 2 percent in 2016... that the government will have to adopt 3 billion euros worth of fiscal measures, against the 1 billion euros... for incremental revenues of 1.8 billion euros, or 1 percent of GDP, from the changes. At the moment, food
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