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  1. PM concedes cooperation may be necessary as opinion polls continue to deny outright win
    Photo by MacroPolis

    PoliticsGreek Politics

    and abolishing life tenure for state employees. Coalition scenarios PASOK leader Nikos Androulakis has

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  2. Return to bond markets to buoy coalition, may leave SYRIZA floundering
    Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]

    PoliticsGreek Politics

    the coalition's case heading into local and European Parliament elections in May. Since being... campaigning tool for May's polls. However, they will now pivot to the return to bond markets, outlining... ahead of the European elections on May 25, when New Democracy will be hoping to hold off SYRIZA's

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  3. Greek economic sentiment for May at highest point since August 2008

    EconomyMacroeconomy

    Greece’s economic sentiment improved by 3.7 points to 99.1 in May, after falling by 2.1 points... points so far. The May figure is the highest reading since August 2008, when it stood at 101.4 points... for the third straight month, rising by 2.5 points in May to -52.5 following a 4.7-point increase

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  4. Greek trade deficit up by 21.9 pct in May as exports sink further

    EconomyMacroeconomy

    The rate of increase in Greece’s trade deficit accelerated to 21.9 percent in May from 17.2 percent in April, according to the Hellenic Statistical Authority (ELSTAT). May’s figure indicates.... After dropping 7.5 percent in April, imports resumed an upward trend rising by 2.8 percent in May

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  5. Improving car sales in Greece continue with 27.9 pct rise in May
    Photo by MacroPolis

    EconomyMacroeconomy

    strong growth of 27.9 percent in May after surging by 47.2 percent in April, according to the Hellenic Statistical Authority (ELSTAT). Despite the slowdown, the May rate is the fourth successive reading... figures showed the number of road motor cars stood at 13,000 in May, which is the highest reading

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  6. Greek deposit rate almost stable, loan rate slightly up in May

    EconomyMacroeconomy

    month by 1 basis point (bp) to 1.81 percent in May from 1.82 percent in April, according... in May. On corporate lending, there were two marked movements: 1) A drop by 30 bps in loans for amounts.... Following the rate changes in May, Greek corporate lending rates remain 250-350 bps higher than

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  7. Sharp drop of 4.2 pct in Greek industrial turnover in May

    EconomyMacroeconomy

    The drop in Greece’s Turnover Index in Industry accelerated to 4.2 percent in May from a revised 0.8 percent decline in April, according to the Hellenic Statistical Authority (ELSTAT). The May... smoothed the 12-month trailing rate. The decrease by 4.2 percent in May reflects a drop in manufacturing

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  8. Building activity up again in May but with smaller rise of 1.9 pct

    EconomyMacroeconomy

    Greek building permits grew for the fourth successive month in May, albeit by a modest 1.9 percent from 6.2 percent in April, according to the Hellenic Statistical Authority (ELSTAT). The May growth.... The other components of building activity showed mixed trends in May with surface easing by 2.7 percent

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  9. Portuguese election: Where those who lost may decide
    Photo by Alessandro Grussu via Flickr https://flic.kr/p/ffhoRc

    Agora

    to pursue the path of reforms,” may have got the impression that everything will continue exactly the same. In fact, that may well happen. Or maybe not? The first change we should acknowledge... last year and made a “clean exit” from the bailout may help to explain it. Moreover, economic activity

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  10. PMI drops to 48.4 in May, new orders down at sharpest pace in 8 months

    EconomyMacroeconomy

    Greece’s Manufacturing PMI fell by 1.3 points to 48.4 in May after rising in the preceding two months, the Markit survey showed on Wednesday. The headline figure for May remains below the 50-point... for Greek manufacturers. Markit noted that the worsening in May largely reflects a solid drop in new

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