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  1. S&P upgrades Greece one notch to B, sees growth in 2015

    Economy

    20 percent lower than in 2007. The rating agency highlights that a drop in the unit labor cost

    2%

  2. Greek central government primary cash surplus to August at 2.3 bln
    Photo by MacroPolis

    EconomyMacroeconomy

    a mid single-digit drop of 4.9 percent to 32.14 billion. This compares with the 8-month budget figure

    2%

  3. Seasonal jobs bring down Q2 unemployment to 26.6 pct but long-term jobless rising
    Photo by MacroPolis

    EconomyMacroeconomy

    The non-seasonally-adjusted unemployment rate posted a drop both year on year (YoY) and quarter on quarter (QoQ) to 26.6 percent in Q2 2014 from 27.8 percent in the previous quarter and 27.3 percent in Q2 2013, according to the Hellenic Statistical Authority (ELSTAT). The Q2 unemployment rate

    2%

  4. Greek wages index falls 1 pct in Q2, down 23.8 pct since 2010
    Photo by MacroPolis

    EconomyMacroeconomy

    1.2 percent in Q2. This corresponds to the second highest drop among the EU-28 countries, following

    2%

  5. Troika review begins with fiscal targets and tax breaks in focus
    Photo by MacroPolis

    EconomyMacroeconomy

    at 13 percent. Kathimerini also notes that tax interventions for 2016 include a further drop

    2%

  6. Wealth in Greece plunged by 170 bln since 2007, report finds
    Photo by MacroPolis

    Society

    contraction of 22 percent over this period, while Spain’s GDP showed a cumulative drop of 6 percent

    2%

  7. SMEs, backbone of Greek economy, have shed 27 pct of jobs since 2008

    Economy

    , SME employment is expected to drop by another 106,000 to 1.65 million in 2015. Similarly, the number

    2%

  8. Greek exports down 5.9 pct in August, imports also fall 16.4 pct

    Economy

    to 12.41 billion euros, reflecting a drop in exports by 4 percent and a rise in imports by 2.2 percent.

    2%

  9. IMF lowers medium-term forecasts for Greek debt, 2014 financing needs

    Economy

    a deeper drop in consumer prices this year, the IMF expects deflation at 0.8 percent in 2014 from 0.4

    2%

  10. September revenues drive 9-month Greek primary surplus up to 2.53 bln

    Economy

    , primary expenditure fell by 10.6 percent in September, which is the second highest drop so far this year

    2%