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Newsletter 258 -07/17/2020
between the court’s prior ruling in June 2015 and the so-called Katrougalos pension reform in May
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Clash over refugees in central Athens prompts warnings of far-right resurgence
PoliticsGreek Politicsand prompted speculation that what remains of the far-right party may be seeking to benefit from
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OECD releases new outlook calling for sustained reforms post Covid-19
Economywith liquidity. The Hercules scheme launched by the government was operational before the pandemic, but it may
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Deposits rise by 448 mln in June
EconomyMacroeconomyNet deposit movements in the Greek banking system were positive by 448 million euros in June, declining from inflows of 1.71 billion in May, Bank of Greece (BoG) figures revealed on Monday. The outstanding balance of private sector deposits increased to 148.55 billion euros, reflecting savings
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Govt offers pensioners 1.4 bln in backpay, opposition questions decision
PoliticsGreek Politicsplace in 2012 and for the 11-month period between June 2015 and May 2016. The payment will be made over
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Trade deficit falls by 10.3 pct in June
EconomyMacroeconomyGreece’s trade deficit fell by 10.3 percent year-on-year (YoY) in June compared to a drop of 47.7 percent in May, data from the Hellenic Statistical Authority (ELSTAT) released on Friday showed. The deficit came to 1.41 billion euros for the month. Imports totalled 3.96 billion euros, showing
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Decline in car sales continues with 14 pct YoY fall during July
EconomyMacroeconomyRoad motor vehicles going into circulation for the first time dropped by 14 percent year-on-year in July, following a 24.7 percent drop in June and a sharp decline of 49.1 percent in May, Hellenic Statistical Authority (ELSTAT) data showed on Tuesday. In July 2019, there was a 25.3 percent year
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Govt scrambles to prevent Covid-19 spreading further as holidaymakers return to cities
PoliticsGreek Politicsthe end of the lockdown in May, particularly in terms of opening Greece’s borders without enough health
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Govt weighs up stricter measures to suppress Covid-19, talks up vaccine hopes
PoliticsGreek Politicsrumours that school opening may be postponed or new measures introduced in light of the developments
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Industrial turnover drops by 3.8 pct in June, slowing from previous months
EconomyMacroeconomyGreece’s industrial turnover fell by 3.8 percent year-on-year (YoY) in June compared to a drop of 30.4 percent in May, Hellenic Statistical Authority (ELSTAT) data published on Wednesday showed. After two preceding months where the headline figure fell by over 30 percent, June’s figure represents
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