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  1. Unemployment hit new high of 27.8 pct in October, set to rise further

    EconomyMacroeconomy

    million after recording declines in August and September. Greece currently has less than 3.6 million people in employment to support more than 4.7 million unemployed and inactive, an unsustainable ratio... impacts more than half of those between 15 and 24 looking for a job with the rate standing at 57.9

    1%

  2. One in two Greek households rely on pensions to make ends meet

    Society

    is out of work. However, even more alarmingly, only 9.8 percent (less than 200,000) receive unemployment... in their payments to the state, banks, social security funds or public utilities due to money shortages. More than... and 2013, which is higher than Hellenic Statistical Authority (ELSTAT) figures suggest. Nine in 10

    1%

  3. Goalposts shift as European elections near and SYRIZA cements lead

    PoliticsGreek Politics

    coincide with the second round of the local vote, rather than the first. This move carries great... in the European Parliament will be shared out more widely among the parties than they have been..., will gain these sorts of percentages in May and that the seats will be shared out among more than four

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  4. Greek justice slower despite reform efforts during crisis
    Photo by MacroPolis

    Society

    . It indicated that the performance of the country’s judicial system had actually deteriorated rather than.... There were 2,547 judges in 2012, which was 22 percent less than in 2010. Courts also employ another 5,327... is considerably lower than the EU average of 45,578 euros.

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  5. Buoyed by troika deal, Greece aims for rapid return to bond markets
    Photo by Can Esenbel [http://www.mundanepleasure.com/]

    Economy

    of this year’s funding gap but at a much higher cost than Greece currently borrows from the euro zone. This underlines that the government’s primary target is more of a political nature rather than... of a higher than forecast primary surplus for 2013, the potential positive comments at the upcoming

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

    Society

    reported in 2013 than in 2012 and that the average amount paid in bribes fell to 1,333 euros, which is 7.6 percent lower than a year earlier. Almost one in three Greeks asked to give bribes refused to do so... corruption is related to more than just a fall in disposable income. It suggests that events over

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  7. Who benefits from Greece’s return to the markets?
    Photo by Can Esenbel [http://www.mundanepleasure.com/]

    Agora

    that Pakistan returned to debt markets after an absence of more than seven years, the first Greek bond.... More than 85 percent of those pension funds, private equity firms, asset managers and hedge funds...-term than increasing sovereign debt finance. After the issuance of the five-year bond and the offered

    1%

  8. Greece unveils MTFS seeing 4.2 bln primary surplus in 2014 but just under 2 bln fiscal gap in 2015-16
    Photo by MacroPolis

    EconomyMacroeconomy

    billion higher than the Economic Adjustment Program (EAP) target of 2.73 billion (1.5 percent of GDP...) more than offsetting the reduction of social security contributions (974 million). Direct taxes... also foresees that more than 2/3 of the GDP that has been wiped out from the domestic economy

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  9. Five things to take away from the first round of Greek local elections
    Photo by MacroPolis

    PoliticsGreek Politics

    and was elected from the first Sunday. The leftist party had a much larger presence in the regions than ever... dominant combination outside of Attica than the opposition party. SYRIZA will need backing of somewhere near 30 percent (and possibly more than the aggregate support the coalition parties receive

    1%

  10. Greek central government debt inches down to 320.42 bln in Q1

    Economy

    domestically (1.85 billion) and Financial Support Mechanism (FSM) loans (1.3 billion) more than offsetting... stands at 15.84 years, which is slightly lower than the 16.02 years at the end of 2013. The respective figure for new borrowing in 2014 stands at 0.36 years and refers to T-Bills. More than three quarters

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