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  1. Disposable income rises by 1.7 pct YoY in Q4, final consumption grows 1.4 pct
    Photo by Pavlos Svoronos/Fosphotos

    EconomyMacroeconomy

    Statistical Authority (ELSTAT) data released on Wednesday. The YoY change in disposable income has... on social contributions. Since 2011, disposable income has fallen by 14.4 percent, or by 5.06 billion... has fallen by 13.2 percent over the last seven years due to a sharp rise in unemployment, along

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  2. Lenders set to highlight reform delays, leaving fiscal gap concerns until after elections
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyProgramme

    Athens has not been keeping up with the desired pace of reforms or even breaching commitments made... notes that the government has breached its commitments regarding hirings in the public sector as far as temporary placements are concerned. According to a leaked extract of the report, Greece has kept

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  3. BoG report highlights economic challenges, proposes way forward
    Photo by MacroPolis

    Economy

    outlines the areas where there has been significant progress but it also highlights several risks... and responsibilities The BoG notes that Greece has made remarkable achievements over the years and has... that two things are of the utmost importance - public investment, which has been drastically

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  4. Disposable income rises by 4.9 pct YoY in Q1, final consumption up by 0.2 pct
    Photo by MacroPolis

    EconomyMacroeconomy

    income has remained in positive territory for eight consecutive quarters now. The absolute figure landed... contributions edged down by 0.3 percent. Since 2012, disposable income has fallen by 11.4 percent, or by 3.62... compensation has fallen by 3.8 percent since 2012 due to a sharp rise in unemployment, along with wage

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  5. Greece heads back to markets with 7-year bond in bid to boost own funds
    Photo by MacroPolis

    Economy

    the pandemic’s appearance, the situation has changed dramatically as the economy has come to standstill..., Greece has an estimated cash reserve that exceeds 35 billion euros. Close to 16 billion euros... debt managers want to sustain this for when the pandemic has passed. The third option, which

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  6. Govt faces pushback from food service sector over re-opening rules
    Photo by MacroPolis

    PoliticsGreek Politics

    Mitsotakis is trying to broaden the political agenda to non-pandemic related issues. He has announced... era. Mitsotakis has invited all political leaders to join him in the plaque’s unveiling in central... to the party or the radical/extreme left. SYRIZA has always denied any connection to the incident

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  7. Economic relief eyed as Greece launches fourth round of lockdown easing
    Photo by MacroPolis

    PoliticsGreek Politics

    ) is among those that has expressed reservations about the extent to which the government’s support... close, which puts 250,000 jobs at risk. The industry association has brought to the attention... Ministry argues that it has exhausted most of the fiscal space available for the time being and will now

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  8. NBG results show net profits of 409 mln euros on strong trading income in Q1
    Image via www.nbg.gr

    EconomyBanking

    solely to coronavirus issues. The bank also noted that it has rolled out payment moratoria measures.... This includes energy, manufacturing, markets and health. As mentioned, the bank has taken front... billion in loan balances. It has also participated in all government Covid 19 support schemes, including

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  9. Flooding, Covid-19 threat in Athens dominate ND's agenda
    Photo by Panayiotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    Authority, which has also been enlisted to assist with the state’s efforts to combat Covid-19... the government is hoping the restrictions it has been introducing over the last few weeks will make... from political turmoil if it cannot find a way to limit the spread of Covid-19. SYRIZA has already

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  10. Athens displeased with EU Council outcome, faces pressure for talks with Turkey

    PoliticsForeign Policy

    though President Recep Tayyip Erdogan has been responsible for Berlin’s inability to constructively mediate in the Greek-Turkish crisis, which aimed to de-escalate tensions in the East Med. This has... Customs Union even though the European Commission has a special report on this issue. In the case

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