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  1. Fitch takes no rating action as fiscal continuity remains crucial to investment grade
    Photo by MacroPolis

    EconomyMacroeconomy

    the strong finish of last year and lower energy risks. Fitch notes that reforms are crucial

    4%

  2. VAT, income taxes help push May budget primary balance above target by more than 3 bln
    Finance Ministry

    EconomyMacroeconomy

    million higher than the target. Excise tax revenues were 2.63 billion, 73 million lower the target

    4%

  3. Tsipras resigns, paves way for leadership contest at SYRIZA as left looks to regroup
    Image: https://www.syriza.gr/

    PoliticsGreek Politics

    light. This did not pay off, though, as a lower turnout in the second election (participation fell

    4%

  4. Newsletter 387 - 30/06/2023

    Newsletters

    , the government in the previous term came under increasing pressure to lower VAT rates and resisted

    4%

  5. BoG sees 2.3 pct growth this year, urges reforms to restore per capita GDP to pre-crisis levels
    Photo by MacroPolis

    EconomyMacroeconomy

    of lower energy prices. Headline inflation is seen at 3.8 pct next year and 2.3 pct in 2025. BoG

    4%

  6. Where are the Conservatives?
    Image: https://twitter.com/kmitsotakis

    Agora

    and the Netherlands mark the lower margins at 8-9 percent of GDP; Sweden and Spain mark the higher

    4%

  7. Manufacturing remains in expansion in May amid client demand concerns
    Photo via https://flic.kr/p/wkYEUW

    EconomyMacroeconomy

    were on a downward trajectory thanks to lower energy and transportation costs. Greater new orders led

    4%

  8. PBO sees normality returning, but inflation will have multifaceted effects

    EconomyMacroeconomy

    for lower transfers and 2.2 pct from higher handouts. The PBO describes this new growth path as more

    4%

  9. Newsletter 388 - 07/07/2023

    Newsletters

    one, 2.1 pct for lower transfers and 2.2 pct from higher handouts. The PBO describes this new growth

    4%

  10. New 15-yr issuance and bond switch smooth maturity profile further, although at steep yield

    EconomyMacroeconomy

    of offers had accumulated, which pushed the price guidance lower by 5 bps to midswaps + 125 bps. By 14:00

    4%