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  1. Eurogroup approves 3rd bailout for Greece but expects swift, extensive action
    Photo by EU Council via Flickr https://flic.kr/p/gDK7GV

    EconomyProgramme

    a maturity of 35 years and carry an interest rate of 1 percent. The debt sustainability issue, along

    5%

  2. Current account in surplus for 2nd straight month in June but down 20 pct on 2014
    Photo by MacroPolis

    EconomyMacroeconomy

    Greece's current account (C/A) balance displayed a surplus for the second successive month in June but it narrowed by 20 percent year on year (YoY), reaching 1 billion euros from 1.25 billion in 2014, according to the Bank of Greece (BoG). The YoY deterioration mainly reflects a widening

    5%

  3. Newsletter 39 - 21/08/2015

    Newsletters

    on year (YoY), falling to 1 billion euros from 1.25 billion in 2014. The YoY deterioration mainly

    5%

  4. Wages index falls 1.8 pct QoQ in Q1 2015 for the second successive quarter
    Photo by MacroPolis

    EconomyMacroeconomy

    before. The revision is based on: 1) The calculation of the wages index according to a fixed base

    5%

  5. Labour cost fall has not produced jobs, bemoans GSEE in study
    Photo by MacroPolis

    Society

    percent of part-time work was involuntary. It also noted that of the 1 million jobs lost during

    5%

  6. July credit contraction at 1.5 pct, slowest since Aug 2011
    Photo by MacroPolis

    EconomyMacroeconomy

    -negative reading since August 2011. The outstanding balances fell by more than 1 billion month on month

    5%

  7. Q2 GDP rebounds by 0.9 pct QoQ on higher consumption and falling imports

    EconomyMacroeconomy

    consumption increased 1 percent QoQ and 2.5 percent YoY accelerating from the reported growth rates in Q1

    5%

  8. Opinion polls indicate fragmentation, close election race

    PoliticsGreek Politics

    in agreement on several key factors: 1) SYRIZA has a narrow lead of 2 to 3 percentage points over New

    5%

  9. July trade deficit lands at 715 mln as imports post biggest drop on record

    EconomyMacroeconomy

    the EU rose by a mere 1 percent, while those from non-EU countries declined by 20 percent. Similarly

    5%

  10. Unemployment rate edged up to 25.2 pct in June

    EconomyMacroeconomy

    that of females displayed a slower drop by around 1 pp to 29.5 percent. Similarly to the previous

    5%