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  1. Greek economy surprises in Q3, eases by a marginal 0.5 pct

    EconomyMacroeconomy

    on October 5, the base macroeconomic assumptions included those forecasts, which were also reiterated... Commission (EC) revised those figures in its autumn economic forecasts published on November 5 seeing

    13%
  2. Government tables 2016 budget, upgrades GDP forecasts but leaves fiscal estimates unchanged
    Photo by MacroPolis

    EconomyMacroeconomy

    to be voted on December 5. Macro assumptions Following the better than expected preliminary GDP figures... previous macro assumptions incorporated in the 2016 draft budget published on October 5. GDP is now

    13%
  3. Central gov’t debt rises to 314.6 bln in Q3 on eurozone tranche and GGB redemptions

    Economy

    of Q3 outstanding debt has a residual maturity of more than 5 years, mostly due to FSM loans, while... to 5 years) debt. After reaching a record low of just 77.3 million at the end of June, Greece’s cash

    13%
  4. Greece gets tranche and looks ahead to next tasks, including pensions and NPLs

    EconomyProgramme

    these recommendations by March 2016. 5) Strengthening the independence of the revenue administration, with the MoU... to be implemented by mid-December. Parliament is scheduled to vote on the 2016 budget on December 5.

    13%
  5. Apartment prices fall at an accelerating pace of 6.1 pct in Q3

    EconomyMacroeconomy

    Greek apartment prices fell by 6.1 percent in the third quarter (Q3) of 2015, at an accelerating pace compared to the downward revised 5 percent drop recorded in Q2, Bank of Greece (BoG) data showed... Mechanism (SSM) of the ECB in October pointed to a drop in housing prices by 7.5 percent in 2015, 5

    13%
  6. Q3 GDP slips 0.9 pct QoQ on lower private consumption and investment

    EconomyMacroeconomy

    , imports over the 9-month period declined by 5 percent with the respective goods and services’ figures... forecasts published on November 5. It sees a milder recession of 1.4 percent in 2015 but did

    13%
  7. Greece receives list of milestones for next bailout sub-tranche

    EconomyProgramme

    for the assessment and approval of banks’ BoD members. 5) Issue of the necessary secondary... is scheduled to be voted on December 5. This means that December will be another busy period

    13%
  8. Greek teachers low paid, but work shorter hours in smaller classes
    Photo by srgpicker via Flickr https://flic.kr/p/3zZRnQ

    Society

    their careers, rising to €25,752 at the end of service. In Greece, the report underlined, less than 5... fell by at least 5 percent between 2008 and 2013 in the same period in England, Iceland, Portugal

    13%
  9. Coalition poised to unveil pension reform proposals, hoping to avoid cuts
    Photo by MacroPolis

    EconomyProgramme

    is defined as the level of pension amount relative to the employee earnings. 5) Contributions...) for supplementary pensions. The 2016 budget voted on December 5 incorporated pension interventions

    13%
  10. Declared income falls 28.7 pct from 2011 to 2014, salaries and pensions suffer most

    Economy

    . As far as salary-earners and pensioners are concerned, 30 percent declare net income between 5 and 10,000... income bracket declaring annual net income below 5,000 euros, while income between 5 and 10,000 euros

    13%