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Newsletter 94 - 04/11/2016
on Friday, a senior eurozone official said that although this remains an ambitious target it may.... Skourletis may prove a focal point for unhappy SYRIZA members should he lose his government post... flexible labour model with security, which includes a deregulated institutional framework of employment
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Hydrocarbons add to tension between Turkey, Greece and Cyprus
PoliticsForeign Policymaritime advisory that is due to end on February 22. The actual reason behind Ankara taking this drastic... Economic Zone (EEZ). Since Nicosia started its hydrocarbon research programme, Ankara has always doubted... and Noble Energy from the USA. The Turkish Foreign Ministry reaffirmed Ankara's position on the matter
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Lenders put together proposal that may leave Tsipras struggling
PoliticsGreek PoliticsTsipras portraying this as a concession wrestled from the hands of the country’s lenders. Greece may... that it cannot be considered a fair compromise with lenders. Skourletis suggested that elections may have
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Greek primary cash surplus at 1.07 billion at end-May on lower expenditure
EconomyMacroeconomydrop by 6.5 percent. In particular for May, revenues fell significantly by 23.7 percent broadly... in revenues in May is also due to the delay in the collection of the corporate income tax as well
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Unemployment edges down to 24.5 pct in Oct, lowest since May 2012
EconomyMacroeconomyfigure displayed on Thursday. The October headline figure represents the lowest reading since May... in the country at 14.7 percent. The challenges in the domestic labour market may continue in 2016
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Greece looks for support as expectations for May 9 Eurogroup lowered
PoliticsGreek Politicslow for any agreement on the bailout review by the extra Eurogroup on May 9. A Reuters report... agreement by May 9, including on the 2 percent of GDP in contingent measures, is possible. The nature
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Travel receipts drop at an accelerating pace of 10.4 pct in May despite growth in arrivals
EconomyMacroeconomyGreece's travel receipts headed south for the second straight month dropping at an accelerating pace of 10.4 percent in May from 7 percent in April, Greece (BoG) figures showed on Friday. The absolute figure landed at 1.1 billion in May, while the corresponding payments fell by 5.5 percent to 179.6
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Decline in retail sales accelerates to 8 pct in May
EconomyMacroeconomyGreece’s retail sales index accelerated its decline in May, falling by 8 percent year on year from a revised 4.4 percent drop in April, according to data released by ELSTAT on Friday. The volume... in the previous month. Both seasonally adjusted indices, for turnover and volumes, fell month on month in May
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Tsipras in tight spot over debt deal but QE access may hold key to compromise
PoliticsGreek PoliticsThe Greek government seems intent on trying to forge a better deal with its lenders than the one proposed at the May 22 Eurogroup, with access to the European Central Bank’s QE scheme perhaps holding... to consider Greek bonds as eligible. There have been reports over the past few days that Stournaras may take
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Trade deficit up 14.2 pct in May as imports increase along with exports
EconomyMacroeconomyGreece’s trade deficit grew by 14.2 percent in May after falling by 14.3 percent in the previous month, Hellenic Statistical Authority (ELSTAT) provisional data showed on Friday. The increase in May reflects a rise in exports by 25.3 percent, which was impacted by imports also rising by 20.6
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