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Hirings Balance, May
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Greece not seen meeting milestones soon, refugee rise may add to tension
PoliticsForeign PolicyThere was little encouragement from Brussels so far this week for the Greek government ahead of the next review. Following a meeting between European Commissioner for Economic and Monetary Affairs Pierre Moscovici and Greek Finance Minister Euclid Tsaka...
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Georgiou conviction may test relationship with lenders
PoliticsGreek PoliticsAn Athens court handed the former head of the Hellenic Statistical Authority (ELSTAT), Andreas Georgiou, a two-year suspended jail sentence on Tuesday, potentially complicating the relationship between Athens and its lenders. The Appeals Court found Geo...
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Launch of new insolvency process may carry political significance
PoliticsGreek PoliticsAll eyes in Athens were on the visit of Turkish Foreign Minister Mevlut Cavusoglu on Monday, but on the domestic front the Greek authorities are preparing for the implementation from Tuesday of the new insolvency framework, which includes an end to the ...
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BoG: Growth could be 2 pts lower than expected, inflation may reach 7 pct
EconomyIn the governor’s annual report released on Thursday, the Bank of Greece (BoG) assesses the impact of the Ukraine conflict on Greek macro data, with the baseline scenario of growth now lower by one percentage point and inflation notably higher. BoG pres...
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Scant recognition of energy crisis in draft climate law, but EU package may force tougher targets
PoliticsGreek PoliticsGreece’s first climate law made its way to Parliament this week, with only minor changes in light of public consultation and the unfolding energy crisis. The legislation was tabled on the same day that the European Commission presented its REPowerEU pac...
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Mitsotakis tries to move on from Samaras row but more fallout may follow
PoliticsGreek PoliticsPrime Minister Kyriakos Mitsotakis has attempted to draw a line under his spat with former Premier Antonis Samaras, but the matter is likely to run as long as the former New Democracy leader does not make his intentions clear now that he has been ousted...
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In the absence of light, darkness grows
Agoravote – or at least the version it wants to make public – is nonsense. This interpretation may be understandable as part of an effort to put a positive spin on the outcome of the May 25 ballot... of the recent elections. From May 26 it was business as usual: New Democracy, PASOK and SYRIZA all
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S&P downgrades Greece, sees economy shrinking by 1.5 pct in 2015
Economythat the government may exert moral suasion for an increase in T-Bill holding of banks’ insurance... and pensions in cash (rather than non-negotiable IOUs) despite weakening public revenues. Mid-May watershed In S&P's view, if the stalemate between Greece and official lenders is not resolved before mid-May
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Newsletter 38 - 07/08/2015
for talks For deal by Aug 20, Parliament must vote on Thursday Developments over the weekend may decide...% Greece’s seasonally adjusted unemployment rate fell to 25 percent in May, which is the lowest... percent month-on-month (MoM) in May, while the number of jobless fell by 1.3 percent MoM. May’s
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