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Current account deficit widens to 3.15 bln in Nov, at 11.52 bln in 11M
EconomyMacroeconomyGreece’s current account remained in deficit in November, widening to 3.15 billion, from 383.2 million euros in October, Bank of Greece (BoG) data showed on Monday. In November 2023, the balance showed a deficit of 3.18 billion euros. The Bank of Greece...
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Despite lower spend per trip, record arrivals push travel balance to 18.77 bln in 11M
EconomyMacroeconomyGreece's travel balance recorded a surplus of 419.9 million euros in November, compared to 1.94 billion euros in October, according to data released by the Bank of Greece (BoG) on Tuesday. The November balance was 82.7 percent higher than the 229.9 mill...
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Building activity rises by 6.4 pct YoY in Nov, up 14.9 pct in 11M
EconomyMacroeconomyBuilding activity remained in growth in November, with an increase of 6.4 percent year-on-year (YoY), after a rise of 5.9 percent in October, according to the data released by the Hellenic Statistical Agency (ELSTAT) on Wednesday. The total number of pe...
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Rising clinical depression hints at hidden side of Greek crisis
SocietyThe proportion of Greeks suffering from major depression has increased substantially since 2011 and is several times higher than pre-crisis levels, according to a new study by the University of Athens. The institution’s Mental Health Research Institute ...
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Tsipras hints at post-election scenario of grand coalition, without him as PM
PoliticsGreek PoliticsIn his first televised interview of this election campaign, Prime Minister Alexis Tsipras has claimed he will not continue as premier if SYRIZA is forced into an alliance with New Democracy, To Potami and/or PASOK. Tsipras told Alpha TV on Wednesday nig...
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IMF hints at flexibility as debt relief talks continue
PoliticsGreek PoliticsThe terrorist attack on former Prime Minister Lucas Papademos in Athens on Thursday has drawn attention away from the uncertainty created by the failure to reach an agreement on debt relief at Monday’s Eurogroup, but discussions are continuing in the ba...
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Athens ties up prior actions, IMF hints at programme role
PoliticsGreek PoliticsGovernment MPs were due to vote on Thursday afternoon a series of last-minute amendments aimed at ensuring that Greece has completed all 140 of its prior actions ahead of Thursday’s Eurogroup. The amendments, a disparate set of interventions on issues, ...
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Moscovici hints at possibility of shelving 2019 pension cuts, riles opposition
EconomyProgrammeDuring his visit to Athens on Tuesday, European Economic Affairs Commissioner Pierre Moscovici seemed to suggest that Greece might not have to implement the pension cuts that have been lined up for next year. When questioned about this issue after a mee...
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New president receives strong endorsement, hints at areas of interest
PoliticsGreek PoliticsSenior judge Katerina Sakellaropoulou was elected Greece's new, and first female, president on Wednesday by the vast majority of the country’s MPs, vindicating Prime Minister Kyriakos Mitsotakis’s choice, but also justifying SYRIZA leader Alexis Tsipras...
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Government hints at perks for vaccinated as uptake stalls
PoliticsGreek PoliticsVaccination rates across Greece are beginning to diverge, leading experts to make further appeals to citizens to overcome their hesitancy and scepticism. While the political leadership continues to praise the operational efficiency of the vaccination ca...
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