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  1. Greece gets new finance minister but old guard dominates cabinet reshuffle
    Photo by MacroPolis

    PoliticsGreek Politics

    elections on May 25. It is questionable, though, how much room for manoeuvre Hardouvelis will have given... as Georgiadis’s successor may be an effort to ensure the minister with the health portfolio... appointed to ministries are known for their combative styles. It may be an indication of Samaras believing

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  2. As Bank of Greece lines up Stournaras to take over, it reveals how risky things got during crisis

    EconomyMacroeconomy

    elections on May 25, the coalition should consult with it over key appointments such as the governor... the crisis period were posted in September 2011 (6.29 billion), October 2011 (6.34 billion), May 2012 (9.19... reflected the increasing uncertainty. That demand peaked in May-June 2010 when Greece signed the first

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  3. Greek economic sentiment breaks through 100-point mark for first time since 2008

    EconomyMacroeconomy

    Greece’s economic sentiment improved by another 4.6 points in June to reach 103.7, May, according... August 2008 and is the highest reading since April 2008. Economic sentiment rose by 3.7 points in May Economic sentiment reached a low of 74.8 points in May 2009, followed by a volatile performance

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

    EconomyMacroeconomy

    , in May. The sectors that showed the most notable positive movement in retail sales were clothing... in May to -49.8, its highest level since February 2010. The breakdown of Q1 GDP components provided by ELSTAT in mid-May showed final consumption grew by 0.8 percent with households’ consumption up

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  5. After landmark return in April, Greece prepares to tap bond markets again
    Photo by MacroPolis

    Economy

    a 3-year bond issue with the aim of raising 2.5 – 3 billion euros by July 10. The proceeds may... balance outperformed targets by more than 500 million euros to May. In addition, revenues rebounded in May, beating the 5-month target by 142 million from a shortfall of 620 million to April. Strong

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  6. Public deficit and democratic duty

    Agora

    in the European Parliament elections in May. Her party took just 3.4 percent of the vote.... By May 2010, Greece had a financing gap of 35 billion euros for the rest of the year, so it is difficult... as early as May 2009, the state budget deficit was already at 14.4 billion euros, with 43 percent

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  7. End of troika in Greece would create new challenges for coalition

    PoliticsGreek Politics

    While reports that the troika may be disbanded in favour of a more European Union Task Force-style... been whittled down to just two and which may be forced to go to snap elections early next year has... elections in May. This week alone, PASOK has asked the government to remove a provision on derivation

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

    EconomyMacroeconomy

    also remain the same compared to the previous projections released in early May and call for a mild recession of 0.3 percent in 2014 and a 1.9 percent rebound in 2015. The latest OECD figures for May...) and Portugal (14.3 percent). In the euro area the jobless rate stood at 11.6 percent in May

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  9. Greek unemployment rate hovers at 27 pct in June
    Photo by MacroPolis

    EconomyMacroeconomy

    revised 27.1 percent recorded in May, according to the Hellenic Statistical Agency (ELSTAT... posted a MoM decline for the first time since February. Following the revision, the May figure..., the number of employed stood at 3.53 million in June implying an increase of 10,290 on the May figure

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  10. Run this way: The recurring pattern of Greek leaders
    Photo by Can Esenbel [http://www.mundanepleasure.com/]

    Agora

    As the Greek general elections of May (and then June) 2012 approached, every poor unfortunate... run, Samaras forgot the 16 billion euros that flew out of Greek bank accounts in May and June 2012..., Samaras should cast his mind back a few years to when he was opposition leader. In May 2011, Samaras

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