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IMF argues case for further reform of pension system
EconomyProgrammethe highest in the euro area. Despite cuts in pensions in previous years, the average pension..., the average retirement age fell to 59 years, as vested rights were protected under all previous
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European Commission positive on Greece's macro and fiscal prospects
EconomyMacroeconomyforecasts a modest growth of 0.3 percent in 2016, compared to a previous estimate for a mild recession... as a number of one-off factors related to clearing previous years’ taxes and stock-piling ahead
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Q4 GDP contracts 0.4 pct QoQ, growth of 0.3 pct in 2016
EconomyMacroeconomyGreeces’ seasonally adjusted (SA) GDP fell by 0.4 percent quarter on quarter (QoQ) in the fourth quarter (Q4) of 2016, after an upward revised growth of 0.9 percent in the previous quarter... rebounding by 0.9 percent QoQ in the each of the previous two quarters, while increased by 0.4
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Greece in inflation for first time since Feb 2013 as CPI rises 1.2 pct in Jan
EconomyMacroeconomyof 0.3 percent in the previous month. The upward movement in January prices mostly reflects a rise... percent and in dried fruits and nuts by 4.5 percent. The comparison with the previous month showed
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Greece hopes promising fiscal, economic data will help its cause in review talks
PoliticsGreek Politicsthat the coalition had stopped using over the past few weeks. The return to its previous stance also... in the context of trying to implement a different type of social policy to the previous governments
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Retail sales down by 1.3 pct in Dec for first drop since Aug
EconomyMacroeconomyalso decreased by 1 percent in December after an upward revised rise by 4 percent in the previous..., while automotive fuel rebounded 1.7 percent. Compared with the previous month, retail sales soared
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PMI rebounds to 47.7 in Feb but shows deterioration for sixth straight month
EconomyMacroeconomythat recorded in the previous month. Lower client demand resulted in reduced output, continuing the trend.... The rate of decline compared to the previous month was a little softer. Meanwhile, Greek
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Tormenting Greece with a distorted picture
Agoragrowing in the two previous quarters, while manufacturing PMI has been in contraction territory... no longer be directly compared with previous ones. If these 6.3 billion euros are added to January’s total
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Stocks rebound by 0.7 pct for third straight week amid light trading activity
Economythis week, after staying almost stable in the previous week, trimming losses to 6.2 percent... daily turnover slipped to 42 million this week from 43 million in the previous week. Corporate news
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Unemployment rate stable for third month at 23.1 pct in Dec
EconomyMacroeconomyGreece’s seasonally adjusted (SA) unemployment remained stable for the third month in a row, registering 23.1 percent in December, following revisions of the previous two months’ data, Hellenic... figure for December stayed at its lowest level since March 2012. The comparison with the previous month
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