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  1. Job departures at 37,667 in Nov, 11-month net hirings highest since 2001
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    . The breakdown displayed hirings stood at 157,385 in November and were more than offset by 195,052... employment balance still remains positive, with net hirings of 125,128, up by more than 36 percent... to layoffs. The majority (more than 54 percent) of the 11-month hirings involved flexible types of work

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  2. Eurosystem funding drops by 3.3 bln in Nov for 17th straight monthly fall

    EconomyMacroeconomy

    . Overall, Eurosystem funding has been cut by more than 58 billion in the last seventeen months, also... than that in mid-August 2015. Following the higher decline in ECB compared to ELA funding... by more than 7.5 billion since their peak of 50.48 billion in July 2015. However, they still stand

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  3. Greece below EU average in social protection, with pensioners getting lion's share
    Photo by Angelos Christofilopoulos/Angelos Christofilopoulos

    Society

    Greece spends proportionately less of its GDP on social protection than the EU average but gives more of a share of what it spends to pensioners than any other EU country, newly released data from... spending per capita was registered in Romania at more than 70 percent below the EU average, followed

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  4. Newsletter 101 - 23/12/2016

    Newsletters

    (albeit one that has much clearer conditions than the current one), but it does not make any... collected than last year. In addition, the comparable expenditure (stripping out the repayment... percent, respectively. However, this positive performance was more than offset by a decline

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  5. Time deposit rate falls to record low of 0.71 pct, loan rate drops to 4.83 pct
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    . It currently stands 27 bps higher than the eurozone average rate of 0.44 percent. The recorded decrease... stand more than 250 bps above the euro area average rates. In the household lending sector... a recent peak at 5.01 percent in the previous month. The decline in the average loan rate more than

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  6. December retail sales seen down 2.5 pct amid tax onrush
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    in December, more than 100 million lower than the 4.1 billion recorded a year ago. ESEE highlights... seen nominal GDP contracting by more than 26 percent over this period. The most recent data on private

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  7. IMF's outlook on debt unsustainability adds to doubts after inconclusive Eurogroup
    Photo via Fosphotos

    EconomyProgramme

    that all participants acknowledged that the Greek economy performed better than expected last year... reportedly projects lower growth rates than the Europeans and sees Greece’s primary surplus at 1.5 percent of GDP, rather than 3.5 percent, in the coming years. Under the IMF’s baseline scenario, the Greek

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  8. PBO warns of recovery risks, fourth bailout and possible default

    EconomyMacroeconomy

    out higher than the potential benefit, which could prove temporary, it warns. For instance... GDP would be 2.2-3.1 billion lower than the target, which will also affect tax revenues... that this forecast is more of a message of optimism rather than a reliable estimate. The PBO notes

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  9. General gov't primary cash surplus up to 5 bln in 2016, arrears fall by 1.1 bln in Dec
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    to 5.26 billion. Social benefits of 40.1 billion euros holds the lion’s share making up more than half...-residents (excluding EFSF/ESM/IMF) by 303 million more than offsetting a drop in EFSF/ESM/IMF loans by 282..., up by more than 5 billion from last year on the back of ESM disbursements of 10.3 billion mitigated

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  10. Banks see efficiency gains after shedding 29 pct of staff, 42.6 pct of branches during crisis
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyBanking

    of bank employees dropped by more than 20,000 to 46,654 at the end of 2014 from 65,682 at the end of 2009... market have dropped by 29 percent or by more than 19,000 during the crisis years, from 2009 until... more than halved from 426,500 at the end of 2009 to 194,800 at the end of 2014. Since then, the number

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