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Newsletter 6 - 5/12/2014
its highest reading since Q3 2011. 2 SYRIZA’s date with history Opposition's troubles will begin
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Eurogroup agrees two-month extension for Greek bailout but political developments to dominate
EconomyProgrammeThe Eurogroup decided on Monday that it would be "favourably disposed" to a request by Greece for a technical extension of 2 months to the current bailout programme. Earlier press reports indicated that Germany and the IMF would press for a 6-month extension, while Greece would favor a technical
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Greek budget primary surplus up to 3.53 bln at end of November despite revenue shortfall
EconomyMacroeconomythe full-year target of 52.8 billion. Although December revenues are seasonally high (2 billion
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Rare rise of 2.1 pct in Q3 for Greek wages index
EconomyMacroeconomypositive reading was recorded in Q1 2014, when the index rose by 2 percent. However, that number
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Q3 unemployment falls to 25.5 pct, lowest since 2012, but long-term jobless reach new high
EconomyMacroeconomyis the highest since Q4 2012. Unemployment among women dropped by almost 2 pp YoY to 29.2 percent
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PM and SYRIZA deaf to calls for compromise over president so far
PoliticsGreek Politicsthat SYRIZA wants to reduce Greek debt servicing costs to 2 billion euros per year. The SYRIZA leader
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Sharp monthly rise in unpaid taxes to 1.59 bln for November
EconomyMacroeconomyin the first half of 2014 and 2 billion for the whole year. Although the first target was actually
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Greek budget primary surplus at 3.57 bln by end of November, beating target by 691 mln
EconomyMacroeconomyof 52.81 billion. Although December revenues are seasonally high (2 billion higher than November’s
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Greek trade deficit shrinks by 4.4 pct in October on back of strong exports
EconomyMacroeconomyin September. October’s movement stems from a rise in both exports and imports by 7.1 and 2 percent
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Greek stocks, bond yields feel impact of Parliament's failure to elect president
Economy7.7 percent, while Piraeus rose by 2 percent and Alpha recorded a marginal drop of 0.2 percent
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