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  1. Newsletter 388 - 07/07/2023

    Newsletters

    that the deadline may be extended. The vote for a new leader is due in early September, following... up pace from May. S&P notes that the growth rate was affected by some reports of customer hesitancy.... Interest rates The interest rate spread for loans widened in May, reaching 5.76 pct for new loans

    2%

  2. Deposits jump to highest since 2011 in Jun as corporate savings record significant rise
    Photo via https://flic.kr/p/MsYXsT

    EconomyMacroeconomy

    in June, from a positive flow of 794 million euros in May, based on the latest Bank of Greece (BoG... percent in May and 3.7 percent in April. The outstanding balance of private sector deposits in June... a 787 million euros rise in May.

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  3. Drop in industrial turnover accelerates in June, falling by 17.2 pct YoY

    EconomyMacroeconomy

    -on-year (YoY), from a 13.5 percent decrease in May, according to data released by the Hellenic... recording much more modest growth rates in recent months. In May last year, with growth of 54 percent... in the Greek manufacturing sector have improved, with July’s growth the strongest since May 2022

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  4. PM under pressure to account for destruction, as wildfires stoke anti-migrant sentiment

    PoliticsGreek Politics

    and initiatives to improve public services. It now looks likely that the positive message may need to be toned... credence to the theory that arson may have been behind the Evros fire, saying that the spread... hand, it may alienate some of his more moderate voters, while on the other hand it could strengthen

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  5. Government struggles to shake off impact of wildfires

    PoliticsGreek Politics

    Vassilis Kikilias revealed on Saturday that since May 1 the fire service has made almost 150 arrests... Mediterranean country. The government’s difficulties may have helped inject new energy into SYRIZA’s... elections, may announce his candidacy for the leadership this week. Kasselakis has raised his profile over

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  6. In 2024, Greece and Turkey look to build on diplomatic progress made in previous months
    Image: https://www.primeminister.gr/

    PoliticsForeign Policy

    . The re-election of Recep Tayyip Erdogan as Turkish President last May was welcomed in Athens. In fact... In this context, Greece and Turkey may also need to reflect on whether their new bilateral approach... Secretary General to appoint a special Cyprus envoy may create little hope that talks will resume

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  7. Greece secures F-35 jets as US tries to appear even-handed following F-16 deal for Turkey
    Image: https://flic.kr/p/VNz1Pv

    PoliticsForeign Policy

    request to US President Joe Biden in May 2022. Concluding his message, the Greek premier said... to 40 of F-35s. According to media reports, due to budgetary restrictions the procurement may only... to take place in April or May. In Davos earlier this month, Mitsotakis noted that following last

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  8. Athens wary of implications from Erdogan's cancelled trip to Washington
    Photo via https://flic.kr/p/2bRq62x

    PoliticsForeign Policy

    The postponement of Turkish President Recep Tayyip Erdogan’s visit to the White House on May 9... of the Greek premier to Ankara on May 13 is not affected in any way by this development. For many weeks now... to Türkiye in May.” Pressure for Patriot & S-300 systems The Greek Premier is also expected to discuss

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  9. Sentiment unchanged in April thanks to services gains, consumer confidence also rises

    EconomyMacroeconomy

    12-month period, the ESI in April is up 1.2 points from May last year. The average ESI in the EU stood... on positive ground at 1.9 points, down from 4.8 points in the previous month. Since May last year..., now down by circa 12 points from May last year. Construction confidence returned to negative

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  10. Fuel and food trigger retail sales jump of 10.9 pct in Mar
    Image: https://flic.kr/p/2j6Tdii

    EconomyMacroeconomy

    indicators for May, consumer confidence dropped in May to -43.8 points, from -41.7 points..., Greece’s economic sentiment (ESI) moved up in May, reaching 111 points, from 108.6 points

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