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  1. Taking a macro snapshot

    Agora

    with the unemployment rate seen unchanged in the region of 27%. The Greek manufacturing PMI recorded in March... a marginal rate, though margins remained under considerable pressure due to further declines in factory

    5%

  2. Is VAT all you've got?

    Agora

    communicated widely and loudly to visitors, could have been a real boon. Equally, a reduction of the rate... returns but the sluggish rate at which the Greek state is dealing with its arrears means

    5%

  3. Sharper drop for retail sales in July points to lingering recession

    EconomyMacroeconomy

    Retail sales continued heading south for yet another month with the contraction rate accelerating to 14.2 percent in July from a revised 7.7 percent in June, according to Hellenic Statistical... a decrease of 12.0 percent. It is noteworthy that unlike previous years, the rate of drop in retail sales

    5%

  4. 2014 draft budget: An ambitious fiscal consolidation targeting a primary surplus of 1.6 pct

    EconomyMacroeconomy

    as a retroactive rate reduction of 286 million in 2013, which are not incorporated in Greece’s fiscal... the unemployment rate, not comparable with ELSTAT data (last figure at 27.9 percent in June), to decrease

    5%

  5. What is the state of play with Greek banks?

    Economy

    reduction of time deposit rate on the new production by c1.40 percentage points to 3.3 percent... deposit balances is much lower at c0.8 percentage points with the respective rate at 3.85 percent

    5%

  6. For Stournaras, it's out of the frying pan and into the heating oil

    PoliticsGreek Politics

    was purchased) and many households sought to save money by stocking up on fuel before the new rate... flat rate corporate tax in Greece. This formed the basis of his economic plan before he was elected

    5%

  7. Does new troika visit spell fresh drama for Greece? Maybe not

    Economy

    . The 2013 budget foresaw an aggregate unemployment rate of 22.8 percent, which is a few percentage points off the actual rate but through a tight control of spending, Greece is still on track for a primary

    5%

  8. With troika OK pending, 2014 budget sees primary surplus at 1.6 pct of GDP
    Photo by Harry van Versendaal

    EconomyMacroeconomy

    and ANFA income of 2.82 billion in 2013 and 2.44 billion in 2014, as well as a retroactive rate... of Finance (MoF) forecasts the unemployment rate, not comparable with ELSTAT data (last figure at 27.3

    5%

  9. OECD's Greek debt forecast shakes foundations of troika DSA

    EconomyMacroeconomy

    to the price-based real effective exchange rate of Greece. Under the OECD scenario, the 4.5 percent of GDP... the troika’s DSA assumptions regarding a real GDP growth rate of 4.8 percent per year in the period

    5%

  10. Percentage of people in Greece at risk of poverty rises, tops EU list
    Photo by Harry van Versendaal

    Society

    the "at risk of poverty" rate is considered, Greece ranks first, half a percentage point ahead of Romania in second at more almost three times the rate of Iceland, which takes the last place with 7.9

    5%