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OECD report underlines sobering reality of economic recovery
EconomyMacroeconomyauthorities is the metric that compares the movement between 2019 and 2022, with Greece holding... for basic goods over the last two years have gone up by 65 pct, which pushes the poverty rate to more
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Fitch takes no rating action, leaves outlook stable
Economyin the review in March and holding off from publishing a review a few weeks ago. Fitch says that Greece’s... reclassifications increasing the implicit interest rate slightly. Real GDP growth is forecast at a steady
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PASOK pushes back against PM's refusal to tax excess bank profits
PoliticsGreek Politicsa tax of 5-10 pct on excess profits from the interest rate differential and customer charges. He said... to tempt these MPs to return. However, he might be holding out hope that the 11 parliamentarians who
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Mitsotakis tries to rally MPs amid lacklustre poll data, resurfacing of Tempe
PoliticsGreek Politicsin second place but is bleeding support in multiple directions. MRB shows a mobilization rate of 75.6...-Tsipras leadership, remains in a holding pattern. Its numbers have stabilised but show no signs
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Faltering relationship with farmers a sign of wider concerns for government
PoliticsGreek Politicsof respondents holding a favourable opinion of her and 32.2 pct saying they would “definitely or probably... pct “probably” - while 62.5 pct rate it negatively, including 46.8 pct “definitely negative
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BoG cautiously optimistic on economy and banking sector
EconomyGreece’s economy and banking system are holding firm against global headwinds, according to the Bank of Greece (BoG)’s latest Financial Stability Review. While growth has slowed slightly, the report... and investment gains helped offset narrower interest margins after European Central Bank rate cuts
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Opposition takes aim at justice minister over offshore holdings amendment
PoliticsGreek Politicsof politicians and certain classes of senior officials from holding shares in jurisdictions which could...The government is being accused of trying to water down the restrictions on the holdings... holdings abroad, something that was previously not allowed. Critics of the amendment claim
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PPC general meeting approves unbundling of ADMIE
EconomyMacroeconomyagenda was the establishment of a holding company, the transfer of a 51 percent stake in ADMIE..., provision of guarantees from the holding company (Energiaki Holding SA) and assignment of existing... to the holding company stands at 491.84 million euros and this amount would constitute the share capital
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On monetary policy and inflation targeting
Agorathat it targets the rate of inflation. We follow the record of these two countries since 2000... policy, aiming in both cases at a Y/Y headline rate of inflation of 2 percent. The bold line presents... in Country A has foreshadowed additional interest rate increases aiming to pinch off a bigger upside
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Government seeks to appease banks over ADMIE privatisation
EconomyMacroeconomyfrom PPC, the establishment of a holding company, PPC transferring to that company a 51 percent stake... general meeting (EGM) on January 12 to approve the establishment of a holding company, the transfer... in ADMIE that is due to be transferred to the holding company. According to the study, the medium
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