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Unemployment at 19 pct in July as inactive population increases
EconomyMacroeconomyGreece’s seasonally adjusted (SA) unemployment rate edged down to 19 percent from 19.1 percent in June, the Hellenic Statistical Authority’s (ELSTAT) data showed on Thursday. For the same time last year, the unemployment rate came to 20.9 percent. July’s figure marks the fourth consecutive month
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Tsipras seeks assurances that coalition will remain united for time being
PoliticsGreek Politicsthat was held in the wake of growing frustration in SYRIZA’s ranks with the behaviour of Defence... and securing the approval of Greece’s lenders to abandon the pension cuts due to be implemented next year... the government’s opportunity of winning back some of the support it has lost over the previous years by engaging
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Athens edges towards compromise on pension cuts but may have to plug fiscal gap
EconomyProgrammeIt appears that the institutions are set to grant the Greek government’s request regarding... Brussels on Friday, Prime Minister Alexis Tsipras appeared optimistic that Greece’s draft budget.... According to Sunday’s Kathimerini, the ideas being considered include the partners consenting
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IMF distances itself from budget talks, leaving Athens and EU to hammer out deal
EconomyProgrammeyear’s budget, even though the organisation would like to see the pension cuts, as well... and so on.” Rice’s comments seem to confirm that the IMF will not actively seek to prevent an agreement between Greece and the European institutions that would lead to next year’s pension cuts being
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Hospital report gets ball rolling in coalition effort to target former governments
PoliticsGreek Politicsscandals, a key element of the government’s pre-election toolbox. The two governing parties, SYRIZA... health ministers, New Democracy’s vice president Adonis Georgiadis and PASOK MP Andreas Loverdos... and corruption in the past. It has been made clear by the coalition’s approach to such issues
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Council of Europe report warns over austerity-inflamed inequality in education
Societyausterity damaged the country’s education system and exacerbated inequality in accessing education... professionals,” the Commissioner’s report said. As budget cuts hit, schools closed and merged.... On the other end of the spectrum, Greece’s education system is plagued by a much-criticised shadow
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Amid efforts to help banks reduce NPLs, portfolio sales dominate drive to meet 2018 targets
EconomyBankingHaving weathered a tumultuous October, Greece’s domestic banking system and relevant stakeholders... by a further sale launch in mid-November. The bank moved forward with the launch of Greece’s first... to reach the end of year target. The bank’s second quarter results showed that the bank is targeting
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Coalition closing in on goal of cancelling pension cuts
PoliticsGreek PoliticsWorking Group (EWG) technocrats to the European Commission’s assertion that Athens will still be able... of New Democracy’s main lines of attack in the last few months and the cancellation of the pension... into Thursday’s EWG, it was reported that the European Commission and Athens had not yet bridged
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Pension deal rekindles speculation about election date
PoliticsGreek Politicswill no longer be included in next year’s budget, has rekindled speculation about when Alexis Tsipras... to be shared out from this year’s excess fiscal surplus have provided renewed hope to Tsipras and his team that SYRIZA’s fortunes may enjoy a revival over the next couple of months. The prime minister and his
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OECD sees 2.2 pct growth in 2019, stressing importance of reform adherence
EconomyMacroeconomyMinistry’s latest forecast in the draft budget for 2019 sees growth of 2.1 percent this year... of household consumption and investment will pick up as confidence rises. The government’s reform programme... of the third programme and arrangements in place with the country’s European partners regarding debt
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