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  1. Fragmented, weak Greek centre left fails to find basis for cooperation
    Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]

    PoliticsGreek Politics

    president Martin Schulz, with parties led by former Health Minister Andreas Loverdos and ex

    6%

  2. Manufacturing PMI edges up for second month in a row

    EconomyMacroeconomy

    Greece’s Manufacturing PMI improved by 0.1 points for the fourth straight month in February reaching 51.3 points from 51.2 in January, according to Markit. The headline figure remained above the 50-point mark for the second consecutive month mainly led by output and new orders. As Markit points out

    6%

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

    EconomyMacroeconomy

    of a material implementation of structural reforms has led 2013 GDP to contract 23.7 percent compared

    6%

  4. The Greek crisis we don’t see
    Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]

    Agora

    The economic impact of the Greek crisis has been well publicised. A recession that began in 2008 has led to GDP contracting by a quarter, while unemployment has risen above 27 percent. Greece’s fiscal consolidation effort has also received much attention. A general government deficit of 15.6

    6%

  5. Greek banks' Eurosystem funding down for second month in a row in Feb

    EconomyMacroeconomy

    in the last three quarters of 2013. The ECB rate cut by 0.25 percentage points in mid-November has led

    6%

  6. Greek retail index dropped 4.3 pct in January

    EconomyMacroeconomy

    of the regular sales period on January 15. Heightened tax obligations led to deposit outflows of 2.39

    6%

  7. Cost of petty corruption in Greece has halved during crisis
    Photo by Harry van Versendaal

    Society

    The crisis appears to have led to a substantial reduction in petty corruption, with its overall cost halving over the last five years, a recent survey conducted by Public Issue for Transparency International has found. Researchers found that 15 percent fewer cases of this type of graft were

    6%

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

    Agora

    , the facts do not suggest that an export-led recovery is emerging in Greece. Rather, the opposite

    6%

  9. Another big drop for building activity, which fell by 35.3 pct in January
    Photo by Harry van Versendaal

    EconomyMacroeconomy

    and demand has led apartment prices down 10.3 percent in 2013 after falling 11.7 percent in 2012

    6%

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

    Economy

    better than target. The high PIB revenues posted in February led the 3-month figure to 2.04 billion

    6%