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  1. Tsipras takes stage for launch of book and would-be political manifesto

    PoliticsGreek Politics

    model, to demographic resilience, energy security, technological upgrading and redistribution

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  2. Greek C/A deficit to July narrowed to just 156 mln with boost from tourism

    EconomyMacroeconomy

    is still materially improved, up 142 percent year on year (yoy) at 720 million, mainly courtesy of the trade deficit heading south (down 12.0 percent) and a services surplus hike (up 10.1 percent... is attributed to a drop in the trade deficit by 23.6 percent to 9.8 billion, mainly due to a decline

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  3. Coalition unwound

    Agora

    was effectively Greece’s fifth government in four years after Democratic Left’s decision to drop out... as the voice of conscience in the coalition, DIMAR ended up losing consciousness in its dizzying... of a kneejerk move of desperation that tried to cover up for a lack of ideas. Last Tuesday, ERT was taken

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  4. The EU, the troika inquiry and the big disconnect

    Agora

    extreme duress. In February 2012, Greek MPs had two days to read around 800 pages that made up the second... to, or at least unwilling to see, the resentment and mistrust that has built up in the eurozone... to 19 percent last year but France, for instance, also experienced 17 percentage point drop to 47

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

    Agora

    hand in hand with the efforts to talk up confidence in the Greek economic recovery narrative. But to what degree is that confidence warranted? Do certain macro-economic indicators back up such optimism... are excluded the drop was even larger, reaching 2.2 percent. Aggregate demand is frequently cited as an early

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  6. EU subsidies help push Q1 primary budget surplus to 1.57 bln, well above target

    Economy

    in March for the first time this year bringing the 3-month figure to 11.39 billion, up 4.7 percent... million, up 230 percent, and also reflecting a low-base effect. Unlike last year, the recorded tax... revenues and higher tax refunds. On the expenditure front, the drop in primary expenses further

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  7. European Commission review of Greek programme: The key points

    EconomyProgramme

    through repo operations which would fetch up to 3 billion and b) use of idle resources available in other... by the actions mentioned above, it remains unclear how the remaining funding needs up to the 10.5... sustainability After peaking at 177 percent of GDP in 2014, debt to GDP ratio is expected to gradually drop

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  8. Greece sees travel receipts rise again in July to reach 2.74 bln
    Photo by MacroPolis

    EconomyMacroeconomy

    , according to the Bank of Greece (BoG). They were up 16.3 percent in June. The absolute figures showed... to 10.49 million. In addition, the double-digit drop in travel spending per trip in July, led...) and the UK (1.01 million) make up 10 percent of total arrivals each. The breakdown of travel

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  9. Wealth in Greece plunged by 170 bln since 2007, report finds
    Photo by MacroPolis

    Society

    exceeded its pre-crisis peak in 2013 reaching a new all-time high of 56 trillion, up 1.7 percent year... contraction of 22 percent over this period, while Spain’s GDP showed a cumulative drop of 6 percent... a net wealth of at least 850,200 euros and make up almost 50 percent of total European wealth, while

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  10. Six in 10 Greeks earn less than average salary of €1,022 in private sector

    Society

    of employees in the private sector in 2014 at 1,531,179, up 11.65 percent on the 1,371,450... a salary amounting to more than 1,000 a month (a five-point drop on the 2013 figure), another two in five... that the total gross monthly wage bill in Greece amounts to 1.595 billion euros, up 5.35 percent on last

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