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  1. Unemployment hit new high of 27.8 pct in October, set to rise further

    EconomyMacroeconomy

    underemployment and discouraged workers, which form about 6 percent of the labour force that does... by an additional 1 percent in November and close 2013 above 29 percent.

    16%

  2. Greek jobless rate eases for fourth straight month but still at 26.7 pct
    Photo by Harry van Versendaal

    Economy

    . After peaking at 7 percentage points in 2012, the gap dropped to the historic average of 6 pp in 2013... Greek unemployment easing by 1 percentage point this year to 26.3 percent and by 2 percentage

    16%

  3. Greek Parliament's budget office questions primary surplus sustainability
    Photo by MacroPolis

    EconomyMacroeconomy

    include: 1) tourism, alternative sources of tourism, agricultural and fishing tourism, 2) education and human resources, 3) alternative energy sources, 4) hydrocarbons, 5) maritime, 6) organic crops

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  4. Greece lays out plans for debt relief from eurozone
    Photo by MacroPolis

    EconomyProgramme

    50 bps to 1 percent constant for the next 50 years could result in total savings of 25 billion... repayments could improve Greece’s repayment profile by 6 billion euros annually over the next two

    16%

  5. Jobless rate drops for fifth month to 26.5 pct in Feb but employed also falling
    Photo by Harry van Versendaal

    Economy

    to or above 6 percentage points. Youth unemployment remains at extremely high levels just shy of 57 percent... of the headline figure by at least 1 percentage point (pp) to 26 – 26.3 percent in 2014 and by further 2 pp

    16%

  6. Loan and deposit rates edge down in May but remain above euro area average

    EconomyMacroeconomy

    to corporate loans above 1 million euros, where the rate nosedived by 107 bps after a similar hike in April... euros (down by 19 bps to 6.49 percent). In addition, the consumer loan rate eased by 6 bps to 14.80

    16%

  7. Q2 GDP contraction at 0.3 pct, strong Q3 needed to achieve target of annual growth
    Photo by MacroPolis

    EconomyMacroeconomy

    of the Foundation for Economic and Industrial Research (IOBE) released in late July point to a 0.5 – 1... and services, which eased 4.2 and 6 percent respectively. It is also noteworthy that Q2 trade balance

    16%

  8. GSEE report stresses risks on employment and the pension system, outlines burden on wages

    Society

    for salary earners as a social group. Employment The number of unemployed has soared by almost 1 million... with its share to total employment at 20 percent from less than 6 percent before. This is more pronounced

    16%

  9. OECD report paints grim picture for Greece's labour market
    Photo by Harry van Versendaal

    EconomyMacroeconomy

    -1.5 to -2.8 percent. In contrast, real hourly wages in Portugal showed a sharper drop of 3.9 and 6... percent in 2013, with Spain and Portugal increasing by 1.9 and 1 percent respectively. Greece

    16%

  10. Samaras tax cut pledges aimed at MPs rather than voters
    Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]

    PoliticsGreek Politics

    and the drafting of the 2015 budget, which is due to be tabled in Parliament on October 6... and are growing by an average of around 1 billion euros per month. Samaras also confirmed the government would

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