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Bound to lose
Agoraby Antonis Samaras, won the general elections that year and headed a three-party coalition that paid... for the populism that propelled GD to Parliament a year later, and SYRIZA to power in 2015. This theory... in last year’s general election, with this impressive outpouring of emotion and an attempt to claim
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Latest market foray for 15-yr bond attracts strong investor interest with record low yield
EconomyBankingGreece completed on Wednesday its fifth market foray for the year by re-opening the 15-year bond... conditions could tempt the authorities towards another transaction before the year ends. In the draft... strategy that will broadly be in line with the debt management principles followed this year
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Disposable income falls by 11.8 pct YoY in Q2, final consumption down by 12.7 pct
EconomyMacroeconomyGreek household disposable income fell by 11.8 percent year-on-year (YoY) in the second quarter (Q2) of 2020, worsening from the decline of 0.4 percent noted in Q1 2020, according to Hellenic... compared to 32.83 billion euros a year ago. Declines were noted in all major sub indicators. A fall
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Retail turnover drops by 1.4 pct in August for sixth continuous decline, volume drops by 1 pct
EconomyMacroeconomy-on-month and came to -45.5 in October. Compared to the same month last year, consumer confidence has... increased by 5.8 points month-on-month to -15.3 points, and worsened by 41.6 points year-on-year.
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Govt scurries for effective Covid-19 response as opposition finds more holes to pick
PoliticsGreek Politicsfrom midnight to 5 a.m. In contrast to the nationwide lockdown earlier this year, schools... this year. The industry is the largest employer in Greece after the public sector, consisting of 80,000... than when the pandemic first emerged this year, especially as the economic consequences work
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Bridge scheme activated as banks look to avoid second-wave NPL increase
EconomyBankingand a contract signed by the end of the year. The monthly installment subsidy starts at 80 percent... by March this year. Greece’s systemic banks expect this figure to rise by the end of the year
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Extensive Covid-19 impact and slow recovery seen by most business sectors, research shows
EconomyMacroeconomy" showed that 17 out of 22 industries expect significant revenue declines this year, easily reaching...). A quarter of companies said that they would suspend their investment plans until the end of the year... Covid Looking past next year and the end of the pandemic, the picture is more optimistic. Thirty
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Greece among hardest hit in Covid-related drop for European arrivals
EconomyFeaturescoronavirus wave and found that arrivals in Europe in the first eight months of the year were down by 68... countries in the first nine months of the year. Arrivals in June in Greece dropped by 89.1 percent compared... in certain locations. It provides the opportunity to spread tourism volumes across the year and across
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Retail turnover and volume both drop by 3.5 pct in September
EconomyMacroeconomypoints month-on-month and came to -48.3 in November. Compared to the same month last year, consumer..., and worsened by 39.3 points year-on-year.
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Updated IMF DSA sees Greek debt as sustainable in medium-term, risks over long-term
EconomyMacroeconomyon the macro front see the economy contracting by 9.5 pct this year and growing by 5.7 pct in 2021 and 5.6.... On the fiscal front, the primary deficit this year is assumed at 7.8 pct of GDP, returning to a surplus...) remain below 15 pct of GDP over the ten-year projection period, averaging 10 pct annually, higher than
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