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Dissent grows within SYRIZA as polls indicated appetite for joined-up centre left
PoliticsGreek Politicsremained on the sidelines since his resignation in the wake of the party’s defeat in the 2023 national... actions by Stefanos Kasselakis, appear to have emboldened the leader’s critics within SYRIZA. Earlier... and the SYRIZA leadership for a lack of transparency and openly blamed him for the party’s disappointing
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Unemployment rate almost unchanged at 10.6 pct in May
EconomyMacroeconomyGreece’s seasonally adjusted (SA) unemployment rate stayed virtually unchanged in May, landing... in recent months, the current rate level is Greece’s lowest since 2009, although it appears to struggle... the Labour Ministry’s Ergani database showed that Greece’s employment balance had another strong month
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Reports raise questions about some economic policy decisions
EconomyMacroeconomyTwo reports published last week – the Bank of Greece’s monetary policy report and the quarterly... in 2025 and 2.3 pct in the following year. This year’s estimate by the BoG is slightly more modest than the 2.5 pct forecast of the Finance Ministry. Greece’s central bank notes that the estimates
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List of PASOK leadership hopefuls expands as SYRIZA developments on hold
PoliticsGreek PoliticsApostolaki, the party’s parliamentary spokesman Michalis Katrinis and Nadia Giannakopoulou, have since... of the party’s Central Committee three weeks before the first round of voting, which is scheduled... in the intervening months, potentially including some big names from the party’s recent history. The latest
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Electricity and manufacturing boost industrial production for 6.7 pct growth in June
EconomyMacroeconomyGreece’s Industrial Production Index (IPI) grew in May following a significant rise of 6.7 percent... Commission’s latest business surveys for June, industry confidence stayed on positive ground at 3.8 points... by only 2.5 points. In addition, Greece’s Manufacturing PMI continued to moderate in June, dropping to 54
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June unemployment rate at 9.6 pct as seasonality favours labour market
EconomyMacroeconomyGreece’s seasonally adjusted (SA) unemployment rate dropped in June, landing at 9.6 percent, from..., the current rate, which is in single digits, is Greece’s lowest since September 2009. There were cases... Ministry’s Ergani database showed that Greece’s employment balance moderated in June, with 23,961 more
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Utilities and energy drive industrial production rise of 9.5 pct in June
EconomyMacroeconomyGreece’s Industrial Production Index (IPI) grew in June by 9.5 percent year-on-year (YoY), after.... According to the European Commission’s latest business surveys for July, industry confidence turned... confidence is now down by 5.7 points. In addition, Greece’s Manufacturing PMI continued to moderate in July
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Housing tops government plans for policy reset in autumn
PoliticsGreek Politicsunable to find homes. PASOK put the issue at the heart of the political agenda ahead of last year’s.... A report in Tuesday’s Kathimerini suggests that the latest initiative being considered is a scheme... underlying issues, which also include Greece’s demographic challenge. According to reports
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Unemployment rate edges up to 9.9 pct in July
EconomyMacroeconomyGreece’s seasonally adjusted (SA) unemployment rate remained below the 10 percent mark in July... stabilising in recent months, the current rate, which is in single digits, is Greece’s lowest since.... The latest available data from the Labour Ministry’s Ergani database showed that Greece’s
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Finance Ministry's defence of economic record highlights area of policy weakness
EconomyMacroeconomypublished in the Centre for Planning and Economic Research’s (KEPE) quarterly magazine that outlined... chunk of their disposable income. A typical example of this anomaly can be seen in the government’s... there is dissatisfaction among voters regarding the government’s performance on economic issues, from
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