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Athens seeks enhanced regional role via international religious conference
PoliticsGreek PoliticsThe Greek government's decision to host the international conference on Religious and Cultural... not subsequently show any real interest for the Greek initiative. That explains why European Commission President... groups. Greek Foreign Ministry officials plan to hold bilateral meetings with the religious leaders who
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Tsipras looks to recovery, sidesteps review concerns
PoliticsGreek Politicsinsists that Greek banks need a further round of capitalisation and that they have to undergo Asset Quality Reviews. If the IMF sticks to these positions, Greek hopes of completing the review swiftly... is genuinely interested in remaining part of the Greek programme in a capacity that involves
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Athens set for 6.7 bln bailout tranche, talks on post-MoU framework
EconomyProgrammeexecutive board meets in early February to rubber stamp the next disbursement. According to the Greek.... There was some speculation in the Greek media over the weekend over the arrangement between Athens...” (policy and debt relief) in place before it decides to make a new commitment to the Greek programme
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Athens prepares for bond issue, eurozone works on growth/debt mechanism
EconomyProgrammeAn imminent bond issue by the Greek government is set to attract the immediate attention of local... Greek debt if the post-programme framework currently being discussed does not convince them... percent ceiling on debt repayments. If Greek growth falls below expectations, the mechanism would kick
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PMI at 53.5 pts in July as optimism holds, export orders slow down
EconomyMacroeconomyas manufacturers placed their hopes on improving economic conditions. Markit analysts commented that the Greek... that the extra cost burden had been transferred to higher output charges. Greek manufacturers... for Greek goods remains robust,” they concluded.
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Bank of Greece outlines challenges to SME funding, gaps in knowledge
EconomyFeaturesfaced by Greek SMEs from 2014 to 2017. The BoG looked at whether firm size, age, exporting activity... indicated that smaller Greek firms were more likely to be constrained by the price of credit while... stability and the long-run potential growth of the Greek economy,” the report stated. While noting
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PMI edges up to 46.9 points in December
EconomyMacroeconomyimprovement, meaning that the latest figure signals an overall deterioration in the Greek manufacturing... performance across the Greek manufacturing sector. Lead times lengthened to the greatest extent since..., saying that December showed the challenges still faced by the Greek manufacturing sector. Short-term
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PMI dips to 49.4 points in February as cost burdens pile up
EconomyMacroeconomy, meaning that the latest figure signals worsening of operating conditions in the Greek manufacturing... increased their workforce numbers. Despite the issues highlighted, Greek manufacturers stayed upbeat... commented on the latest findings, saying that “Greek manufacturers signalled a renewed decline
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Newsletter 295 - 07/05/2021
to two key sectors of the Greek economy: tourism and food service. Apart from being key employers... still has a hold on the Greek economy and the expected flow of RRF funds has been scaled back... in the Greek manufacturing sector since February 2020, before the outbreak of the COVID-19 pandemic
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Marginal growth for PMI in April as headwinds intensify
EconomyMacroeconomy, however, still signalling solid improvement in the conditions in the Greek manufacturing sector.... “Greek manufacturing firms signalled further subdued demand conditions during April. Although... to significant increases in costs, as client demand was dampened. Greek manufacturers only increased
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