Search
-
Seasonal jobs account for 7 in 10 hirings as balance nears 100,000 in May
EconomyMacroeconomyGreece’s employment balance continued its recovery in May with 99,956 more hires then departures, according to data from the Labour Ministry’s Ergani information system released on Tuesday. April also had a solid positive balance of 124,365 more hirings...
16% -
Jobless rate grows marginally to 12.6 pct as youth unemployment drops by over 7 points
EconomyMacroeconomyGreece’s seasonally adjusted (SA) unemployment rate pushed up marginally in July to 12.6 percent, from an upwards revised 12.3 percent in June, Hellenic Statistical Authority (ELSTAT) data showed on Wednesday. In July last year, the unemployment rate wa...
16% -
Current account deficit improves significantly in 9M, falling to 7 bln
EconomyMacroeconomyGreece’s current account recorded a deficit of 408.8 million euros in September, from a surplus of 1.1 billion euros in August, Bank of Greece (BoG) data released on Thursday showed. In September 2024, the balance showed a deficit of 486 million euros. ...
16% -
In tight election race, rare TV debate carries element of unknown
PoliticsGreek PoliticsWith just over 10 days to go until the September 20 vote, party leaders are preparing to go... figure to rule out cooperating with New Democracy after September 20. However, such comments should... (roughly 2 percentage points or more) on September 20 to consider the option of teaming up just with PASOK
16% -
Better contribution collection for Greek pension funds but 5.1-bln shortfall looms
Economyunpaid pensions, 1 billion from lump-sums and 450 million from unpaid supplementary pensions. POPOPK...: a) 7 billion euros is related to lower contributions due to high unemployment, with the number of unemployed surging by 1 million to 1.34 million in Q1 2014 from 364 thousand in Q3 2008. b) 3 billion
16% -
Tracking Greece's fiscal performance
Agoratime. Figure 1 shows the overall fiscal balance over 10 years through 2022-Q2 as reported by two key... are calculated on what is called a “modified cash basis,” the dashed line in Figure 1. This means... at the time when these have an economic impact (solid line in Figure 1), even if the budget cash impact
16% -
Why did Greece return to bond markets now? Was it the right decision?
Economyilluminate this debate. 1) Why did Greece issue this bond now? The Greek government had been... to continental Europe, 15 percent to the rest of the world and 7 percent was distributed to investors in Greece... the desired target than an auction does. The fact that the bond was oversubscribed more than 7 times also
16% -
This is what the ECB’s comprehensive assessment tells us about Greek banks
Agoraby almost 7 percent in the 2015-2017 period in the adverse scenario compared to a modest drop by 1 percent.... Capital needs From a starting point of Common Equity Tier 1 (CET1) capital of 25.8 billion in June... 1 billion in the baseline and 16 billion in the adverse stress test. This resulted in a capital
16% -
The pension and revenue interventions Greece has to make to meet its 2016 fiscal target
EconomyProgrammesavings of 1 percent of GDP for 2016. In the 2016 budget, the Finance Ministry (MoF) adopted those cost... increase in the social security contributions by 1.5 percentage point (1 for employers and 0.5... on January 7. They deemed it the least painful to safeguard the viability of the pension system
16% -
Eurobank to merge with Grivalia Properties and create SPV to cut bad loans
EconomyBankingthat is expected to increase the bank’s capital value by 1 billion euros. The deal will take the form... be further reduced to single digits by 2021 with an NPE deconsolidation of approximately 7 billion... of the 7 billion transferred to the SPV and 2 billion from the securitisation of 2 billion euros-worth
16%