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  1. EC trims 2020 recession forecast to 9 pct, but 2021 recovery also slashed

    EconomyMacroeconomy

    The European Commission slightly revised its forecasts for Greece in the interim Summer forecast released on Tuesday, compared to the Spring forecasts that were released at the beginning of May... contraction now seen a full percentage point higher at 8.7 pct, from 7.7 pct in May. The EU recession

    4%

  2. Approval of street protest law a potential source of political tumult
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    administration. However, the legislation may end up causing more turmoil on opposition benches... the figure had fallen to 44 pct. It had peaked at 78 pct in May. Overall though, the survey is likely

    4%

  3. Budget primary shows deficit of 5.86 bln in June, target shortfall widens to 6.18 bln
    Photo by MacroPolis

    EconomyMacroeconomy

    to a deficit of 1.02 billion euros, improving from a monthly deficit of 3.33 billion noted in May... compared to 3.70 billion euros in May. Overall expenditure in June came to 4.70 billion, above target

    4%

  4. Budget primary balance confirmed at deficit of 6.10 bln in June
    Photo by MacroPolis

    EconomyMacroeconomy

    to a deficit of 1.26 billion euros compared to a monthly deficit of 3.33 billion noted in May. For the same... in June compared to 3.70 billion euros in May. Overall expenditure in June came to 4.70 billion, above

    4%

  5. Tourism numbers continue to worsen as worries grow over second Covid-19 wave
    Photo by MacroPolis

    EconomyFeatures

    runs up to May 2020, showed that revenues in these sectors saw a collapse of up to 61 percent... of retail stores in May, but this by no means suggests that they returned to pre-crisis levels

    4%

  6. General govt primary cash deficit at 5.48 bln in June as tax revenues fall

    EconomyMacroeconomy

    to the private sector (including tax refund arrears) rose by 161 million compared to May and came to 2.42... The stock of gg guarantees increased by 401 million compared to May and came to 12.19 billion in June

    4%

  7. Pandemic's growing economic impact warrants extra support measures, funded by cash buffer
    Photo by MacroPolis

    PoliticsGreek Politics

    200 pct of GDP, which is a tougher challenge than it may sound initially due to the rate at which... unemployment numbers show that unemployment has risen to 17 pct in May, from 14.5 pct in March

    4%

  8. Greece grapples with second Covid-19 wave as cases soar
    Photo by MacroPolis

    Society

    starting from May 4, when citizens no longer needed to declare their reason for leaving home. Further... followed. On May 25 when these measures were put in place, Greece had 2,882 cases and 172 deaths

    4%

  9. Grim picture in labour market obliges govt to provide more job support schemes
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyFeatures

    from ELSTAT showed that unemployment hit 17 percent in May. However, ELSTAT’s figures exclude... to 542,244 people for May suspensions, 129 million for 275,598 tourism workers, 109.4 million euros

    4%

  10. Ionian expansion raises questions about Aegean as Athens talks with Tirana
    Photo by MacroPolis

    PoliticsForeign Policy

    it to developments in the Aegean, where Turkey may now feel emboldened. Venizelos asked the government... country which may have impact on the exercise of territorial sovereignty and sovereign rights in its

    4%