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  1. Greece's labour market is austerity's biggest casualty

    Agora

    and retail sale indices, the correlation is evident and since the crisis began there is a roughly 1 for just over 1 percentage impact between GDP drop and industrial production and 1 for 1.5 relationship... complicated by the fact that are they tightly linked with the old economic model in Greece. A model where

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  2. Unpaid taxes rose by 1 bln a month in H1 2014, collection targets missed

    EconomyMacroeconomy

    of 994 million euros are in line with the Ministry of Finance target of collecting legacy tax debt of 1

    32%

  3. Greek wages index falls 1 pct in Q2, down 23.8 pct since 2010
    Photo by MacroPolis

    EconomyMacroeconomy

    After a short-lived year on year (YoY) rise of 2 percent in Q1, the seasonally adjusted Wages Index fell 1 percent in Q2, while it remained stable quarter on quarter (QoQ), according to the Hellenic Statistical Authority (ELSTAT). The index covers the total of gross earnings received by employees

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  4. Greek banks' ELA ceiling lowered by 1 bln on improved liquidity conditions
    Bank of Greece

    EconomyMacroeconomy

    The Emergency Liquidity Assistance (ELA) ceiling for Greek banks further lowered by 1 billion to 87.9 billion, Bank of Greece (BoG) said on Wednesday. This was the fourth reduction since August 18 reflecting an overall improvement in banks’ liquidity position after the signing of the agreement

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  5. Revenues of 1 pct of GDP targeted from changes to income tax and solidarity levy

    Economy

    The government and the institutions have broadly agreed that circa 1 percentage of the anticipated fiscal gap of around 3 percent of GDP by 2018 would be covered by the overhaul of the tax system. This would be brought about through a combination of broadening the tax base, which is favoured

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  6. Greece expects review to be completed by May 1 despite IMF objections

    EconomyProgramme

    In a non-paper released on Thursday night, the Finance Ministry provided an update on the progress made so far in the first programme review. According to the ministry, all sides agree that that an agreement should be completed by Orthodox Easter (May 1), while a document outlining the institutions

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  7. Current account surplus widens to 1 bln in September
    Photo by Angelos Christofilopoulos/Fosphotos

    EconomyMacroeconomy

    the travel surplus up by 1 percent to 2.04 billion. The BoG also noted that the deterioration in the primary

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  8. Building activity edged up 1 pct in September
    Photo by MacroPolis

    EconomyMacroeconomy

    Greek building permits grew for the third successive month in September but at a much slower pace of 1 percent from 16.6 percent in August, Hellenic Statistical Authority (ELSTAT) data showed on Tuesday. The double-digit growth rate in August growth mostly reflected a low base effect, since

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  9. Industrial production edges up 1 pct in April after double-digit growth in previous two months
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    Greece’s Industrial Production Index (IPI) edged up by 1 percent in April after upward revised growth of 10.1 percent in March, Hellenic Statistical Authority (ELSTAT) data revealed on Friday. Although the headline figure for April is the seventh successive positive reading, it is the lowest

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  10. Credit contraction slightly accelerates to 1 pct in May on deductions of 395 mln
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    The pace of credit contraction in the Greek market slightly accelerated to 1 percent in May from 0.9 percent in the previous month, Bank of Greece (BoG) figures showed on Wednesday. The net lending flow turned negative for the first time since February with net deductions standing at 395 million

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