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Greece unveils new batch of cost-of-living measures after robust 2025 fiscal results
EconomyMacroeconomyGreece’s statistical authority published on Wednesday the first notification of the fiscal data for 2025, capturing a strong fiscal performance and the ongoing downward path of Greek debt. Last year... in social security funds. Greece also had a strong primary surplus last year, reaching 12.13 billion euros
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France and Greece upgrade defence pact as regional and political risks loom
PoliticsForeign Policythat could face uncertainty in the event of political shifts in France. Despite the historically strong... rights, and Tripoli has provoked strong reactions in Athens by signing a deal with Turkey in 2019
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Taking a macro snapshot
Agoraand consumption since Q2 of 2010. Q4 2012 saw the largest drop on a year on year basis in final.... Some relief was meanwhile provided to businesses in the form of a drop in cost inflation to only... in the euro led to a sharp drop in deposits that peaked between the two elections last year. Removing
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Greece's building activity continues its nosedive in July
EconomyMacroeconomyto July also points to a sharp drop of 37.8 percent in permits, 36.0 percent in surface and 31.7... exhibiting a 57.3 percent drop over the trailing twelve months. Note that building activity..., the recorded drop in Attica (Athens, Piraeus and suburbs) region, accounting for 22% of the country’s
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Greek banks less reliant on Eurosystem funding in September
EconomyMacroeconomymovement reflects a drop in ELA funding by 2.7 billion euros at 8.96 billion and a rise in ECB.... Note that September was the fifth straight month recording a drop in Central Bank funding... billion since its peak in June 2012. The ongoing sharp drop is mainly attributed to higher interbank
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Disposable income plunged 9.3 pct in Q2, dragging consumption down with it
EconomyMacroeconomy(ELSTAT). The latest data indicates an accelerating decline compared to the first quarter drop... agreements and “voluntary” wage cuts at the enterprise level resulted in a cumulative drop of 29.6 percent... quarter figure related to tax on income and wealth shows a 21.1 drop yoy. This is most likely due
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Greece goes deeper into deflation territory
EconomyMacroeconomyThe drop in Greece’s Consumer Price Index (CPI) accelerated to 2.0 percent in October compared... by deflation showing a drop ranging from 4.2 to 4.8 percent. The second group includes recreation and culture... from 23 percent as of August 1, resulted in a further drop in the respective prices from 1.5 percent
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Greek banks’ reliance on Eurosystem fell by 2.36 bln in October
Economystatement. Monthly movement reflects a drop in ELA funding by 1.0 billion euros at 7.95 billion... March 2010. Note that October was the sixth straight month recording a drop in Central Bank funding... drop is mainly attributed to higher interbank lending, lower funding needs on continued deleveraging
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Greek deposits slip in October as credit also contracts by 3.9 pct
EconomyMacroeconomyincome, with latest data showing a 9.3 percent drop in the second quarter of the year, is seen... and drop in unemployment arrive. It is worth noting that despite deposit outflows, Greek banks... since the end of December and 65 billion since its peak in June 2012. The ongoing sharp drop mainly
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Banks' reliance on Eurosystem funding eases for seventh straight month in Nov
EconomyMacroeconomy. Monthly movement reflects an increase in ELA funding by 1.46 billion euros to 9.42 billion and a drop... straight month recording a drop in central bank funding, with the aggregate amount showing... (or 65.51 billion) since its peak in June 2012. The ongoing sharp drop is mainly attributed to higher
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