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Newsletter 429 - 28/06/2024
, retail was stable and construction sentiment had a solid rise. Credit May data added another strong... in April, the inflow of credit in May was just 66 million euros. There was only a 105 million.... Consumer credit had only 7 million euros of positive credit flows. In May, the overall credit growth
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Electricity and manufacturing boost industrial production for 6.7 pct growth in June
EconomyMacroeconomyGreece’s Industrial Production Index (IPI) grew in May following a significant rise of 6.7 percent... index in May recorded a drop of 3.4 percent, after a jump of 7.5 percent in the previous month... points, from 54.9 points in May. The conditions in the Greek manufacturing sector have been
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Loans to businesses propel credit expansion of 6.1 pct YoY in June
EconomyMacroeconomymillion euros in May, with a mixed flows picture in the last few months. The outstanding balance rose... billion euros, after a rise of 105 million euros in May. Within corporate lending, the flow of credit... in May and the balance standing at 27.43 billion euros. Consumer credit had a positive flow of 120
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Athens moves to avoid repeat of EU division over migration policy
PoliticsForeign Policythose in the center of Europe, which in turn may become the recipients of some people, migrants.... For that reason, the Greek government believes that the reintroduction of border controls may provoke... the European Commission in May to allow the outsourcing of asylum procedures to third countries
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Post-election blamestorming or Why Harris lost and the Democrats should nominate Oprah
Agoraonly 107 days between when Biden announced his withdrawal and election day. She may well have been...* cost, inflation and rising wages be damned. Unfair though it may be, people blame the Biden... and steadfastness of Trump’s support may have been underestimated, but organising a winning campaign on such short
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PASOK takes aim at ND with barrage of economic initiatives as PM focusses on party unity
PoliticsGreek Politicsreshuffle. While such a development may be triggered by the proposal itself, if for example... in March and the Easter break in April, means that there may not be a window for a reshuffle until May
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Under pressure from public opinion, Mitsotakis concedes mistakes on Tempe
PoliticsGreek Politics, appearing to concede that the rail operator and senior government figures may be found responsible... may have been misinformed in the weeks after the accident when he dismissed as a conspiracy theory... collision. The prime minister also conceded that mistakes may have been made “in the field”, referring
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The nightmare of our choice
Agorabelieve the freight train may have been carrying unregistered flammable chemicals. In a TV interview... not regular demonstrators, and may even have been supporters of the ruling centre-right New Democracy... the country’s judiciary. All that Mitsotakis offered in his defence was that he may have been misled about
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Greece gets close-up view of rapidly changing US foreign policy position
PoliticsForeign Policytried to understand the new approach the US may follow for the Eastern Mediterranean region. Even... that the new US administration may follow is still not quite clear, Greek diplomats acknowledge... the new Stability and Growth Pact. "Corrective actions" may be made in this paragraph so
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Economic sentiment stable in April, consumer confidence drops by another 3 pts
EconomyMacroeconomy12-month period, April’s ESI is down roughly 3 points from May 2024. The average ESI in the EU stood... in positive territory, increasing to 6.2 points, from 4.9 points in the previous month. Since May 2024... in the previous month, now down by circa 24 points from May 2024. Construction confidence was stable at 13.5
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