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  1. Fitch keeps Greece at 'BB' rating as risks remain on horizon
    Photo by MacroPolis

    Economy

    ’s upgrade in January before the pandemic, S&P has not taken any rating action since the end of 2019... years. Inclusion of Greece in the asset purchase programme of the ECB, PEPP, has helped contain... measures into the first quarter of this year have revised the growth outlook for 2021 to just 3 pct

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  2. Govt banks on uptick in vaccines over coming months aiding return to normality
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    PoliticsGreek Politics

    of the conservative administration’s strong managerial credentials. The scheme has run relatively... of the rollout has been dictated by the limited delivery of vaccines so far. The successful..., dousing the recent frustration with the lockdown measures. There was some controversy over self

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  3. Mitsotakis attempts to clarify plans for post-Easter reopening

    PoliticsGreek Politics

    After several weeks of speculation, the Greek government has given more clarity on its plans... vaccines. Uptake of the AstraZeneca vaccine has been slow as a result of concern among the public about... of Mitsotakis’s address, noting that the measures mirror their own proposals and amount to an acknowledgement

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  4. Q1 unemployment at 17.1 pct amid drop in employed, rise in inactives
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    EconomyMacroeconomy

    ) representing 58.4 percent of the total unemployed. Alarmingly, the largest portion, 178,100 has not worked... with temporary jobs is 6.1 percent. Part-time employment has decreased by 6.3 percent compared to Q4 2020... affected by pandemic measures to contain the spread of the virus. According to Eurostat guidelines

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  5. After wildfires, concern about power supply sparks hot political debate

    PoliticsGreek Politics

    refused to rule out higher bills, after it emerged that wholesale electricity price has risen by 30... that the US CDC has reinstated Greece as a “category 4” destination based on its epidemiological..., and that measures had been taken to ensure uninterrupted power supply to consumers during the hot weather

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  6. Spurred by rising employment, Q2 unemployment drops to 10-year low of 15.8 pct
    Photo by MacroPolis

    EconomyMacroeconomy

    . Alarmingly, the largest portion, 181,700, has not worked for more than four years. Most of the employed... with temporary jobs is 7 percent. Part-time employment has increased by 12.9 percent compared to Q1 2021 and down.... ELSTAT noted that the collection of data remains affected by pandemic measures to contain the spread

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  7. Amidst Covid and inflation uncertainty, 2022 budget looks forward to solid growth
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    EconomyMacroeconomy

    of October. This is the second year on the bounce that the government has tabled a final budget... in 2022, as support initiatives come to an end. The Finance Ministry has identified the total fiscal... to expenditures affecting the ordinary budget. The main pandemic relief measures on the revenue side

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  8. Govt weighs up impact of Ukraine war on recovery, waits for decisions at EU level
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    PoliticsGreek Politics

    with arms following the Russian invasion, the Greek government has been mulling the economic impact... pronounced than initially expected and Greece has soon to work on its 2023-2026 Medium Term Fiscal Strategy... a given that measures to mitigate price hikes will require additional spending, although the Finance

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  9. Updated Stability Programme reflects impact of crisis as growth revised to 3.1 pct, rising in 2023
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    EconomyMacroeconomy

    , as the Greek economy has limited direct impact in other trade items with Russia and Ukraine... pct of GDP in 2025. The adverse scenario in the sensitivity analysis has an impact on the primary... assume the continuation of the relief measures that were introduced during the pandemic - lower social

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  10. PM sets out path to next elections as PASOK restores traditional name

    PoliticsGreek Politics

    of the biggest social support programmes Greece has ever seen, despite the constant complaints from... his concluding remarks on Sunday. The PM insisted that the party has to modernise, noting that it hit... and who is a liar and who isn’t.” He went on to accuse SYRIZA of proposing measures to contain energy

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