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  1. On monetary policy and inflation targeting
    Photo via https://flic.kr/p/j1gHCm

    Agora

    ). As a result, economic activity may slow down and unemployment may go up, until the balance... that the central bank targets the inflation rate, which is still too high but coming down. The central bank may shift to a neutral monetary policy stance (“data dependent”) and inflation may slow further to its

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  2. Turkish elections put Athens on alert as name talks reach crucial juncture
    Photo by UNAOC via Flickr https://flic.kr/p/8avo4T

    PoliticsForeign Policy

    is coming to an end in May. Athens is also concerned about whether Turkish politicians will try... with Ankara. This led Foreign Minister Nikos Kotzias to meet with his counterpart, Mevlut Cavusoglu, last... held lengthy talks on the issue of Cyprus. It seems Ankara is set to open this issue again following

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  3. Greek retail sales dive 8.5 pct in May after brief rise in April
    Photo by MacroPolis

    EconomyMacroeconomy

    The turnover of Greece’s retail trade index resumed a negative trend in May dropping by 8.5 percent... Agency (ELSTAT). Similarly, retail volume fell 3.8 percent in May from a rise of 7.1 percent posted in April. The rate of drop in May retail turnover indicates the highest negative reading since

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  4. Severe underspend covers lower revenues for end-May primary surplus

    Economy

    of 597 million euros in May compared to a target of 246 million, reducing accordingly the year... in May by 1.04 billion, reversing the 4-month slight overperformance of 68 million... of the key budget figures, revenues (before tax refunds) resumed a downward trend in May for the first

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  5. New overdue taxes rise by 235 mln in May, total debt at 104.5 bln
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    The month-on-month rise in Greece's new tax debt came to 235 million euros in May, data from... obligations from tax categories showed a rise of 193 million month-on-month in May, bringing the total... percent in May from 75.8 percent in April, while the amount of VAT due came to 1.84 billion

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  6. Budget primary deficit of 4.80 bln confirmed for May as Covid-19 measures hit
    Photo by MacroPolis

    EconomyMacroeconomy

    of 2020, compared to a surplus of 916 million noted in May 2019, the final Finance Ministry (MoF) budget execution bulletin for May showed on Thursday. The budget for May has been widely considered... balance for May came to a deficit of 3.33 billion euros compared to a monthly deficit of 2.01

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  7. Despite improvement in services, goods tip current account to deep deficit of 2 bln in May
    Photo by MacroPolis

    EconomyMacroeconomy

    Greece posted a current account (C/A) deficit of 2 billion euros in May, from 1.62 billion euros in April, Bank of Greece (BoG) data showed on Thursday. In May 2021, the balance showed a deficit of 1.36 billion euros, while in May 2020 the current account posted a deficit of 911 million euros

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  8. Current account deficit narrows further in May, down by over 3 bln in first five months
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    EconomyMacroeconomy

    Greece’s current deficit narrowed to 1.65 billion euros in May, from 1.78 billion euros in April, Bank of Greece (BoG) data showed on Friday. In May 2022, the balance showed a deficit of 2.08 billion euros, while in May 2021 the current account posted a deficit of 1.39 billion euros. The deficit

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  9. Is a lack of spending hampering Greece's firefighting capabilities?

    Society

    may surprise austerity critics. Total expenditure on fire protection (an aggregate figure combining... prevention and firefighting. The country switched to a new model of forest fire management in 1998, when... squeezes may have played a part in the tragic events at Mati, but their role was probably marginal

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  10. The oil and gas debate Greece is not having

    Agora

    solution” to Greece’s economic woes may be attractive, particularly in a country accustomed... into energy sources whose profitability may sensibly decline over the coming years? Finally... as a “role model” by Greece’s policymakers). Second, Greece’s operations will be at particular risk

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