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  1. Unemployment closes 2013 with new high of 27.5 pct in last quarter

    EconomyMacroeconomy

    stable at 23.3 percent. In contrast, the ‘long-term’ (more than 1 year) unemployment further rose... than one percentage point to 26 percent in 2014 and further to 24 percent in 2015 and 21 percent

    1%

  2. Building activity nosedived for the fourth straight year, down 27.6 pct in 2013
    Photo by Harry van Versendaal

    EconomyMacroeconomy

    , the housing non-performing loans ratio has jumped to 25.8 percent at the end of September 2013 more than 3.5 times higher than the figure (7.4 percent) at the end of 2009, according to the latest official data

    1%

  3. Greek deposits down 0.3 pct in Feb, credit contraction stable

    EconomyMacroeconomy

    more than counterbalancing the coincidental inflows of 2.35 billion recorded in December. The monthly negative flow reflects savings and sight outflows of 323 and 269 million respectively more than

    1%

  4. Greek recession slowed from revised 7 pct in 2012 to 3.9 pct last year

    EconomyMacroeconomy

    Greek non-seasonally-adjusted GDP contracted 2.3 percent in the fourth quarter of 2013, which was 0.3 percentage points better than the flash estimate released a month ago indicating a 2.6 percent... worse than the 3.7 percent indicated in flash estimates. GDP contraction in 2012 was also revised

    1%

  5. Primary surplus at 2.1 bln in Feb, ahead of budget execution target
    Photo by MacroPolis

    EconomyMacroeconomy

    Greece’s budget execution showed a primary surplus of 2.1 billion euros to February, more than five times higher than the 487 million posted in the corresponding period last year, according to the preliminary data released by the Ministry of Finance (MoF) on Tuesday. The state budget balance

    1%

  6. Better income account helps squeeze Greek C/A deficit in January

    EconomyMacroeconomy

    primarily reflects an improvement in the income account by 149 million more than offsetting a widening.... In contrast, the non-oil trade deficit narrowed on higher reduction in the import bill than the drop

    1%

  7. Greek retail index dropped 4.3 pct in January

    EconomyMacroeconomy

    due to increased sales during the Christmas period more than offsetting the impact from the launch... the drawn-out revival in domestic consumption. The turnover headline index settled 28 percent lower than

    1%

  8. Greece's ultimate sacrifice for stability
    Photo by Harry van Versendaal

    Agora

    wanted to pass a law that would see courts hand migrants sentences that were 50 percent longer than... Greece has lost much, much more than a quarter of its GDP and a million jobs. Nick Malkoutzis

    1%

  9. DIMAR rules out coalition return but sees general elections on horizon

    PoliticsGreek Politics

    Antonis Samaras and Deputy Premier Evangelos Venizelos, rather than their parties: New Democracy... there are serious ideological differences, rather than a disagreement over a particular policy

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  10. Does return to markets signal end of Greek crisis? The perils of ignoring macro-economic fundamentals
    Photo by Harry van Versendaal

    Agora

    . For more than three years the credit contraction in the Greek economy has been deepening, with lending... and finance ministry, then Greece currently and in the foreseeable future has no better investor than

    1%