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  1. Budget primary balance beats target by 4.64 bln in July on back of impressive tax performance
    Finance Ministry

    EconomyMacroeconomy

    in July 2021. The overall balance is better than the target by 4.6 billion euros. Revenues Net revenues... billion euros, higher than the target by 780 million euros. Overall, the PIB balance landed at a deficit

    2%

  2. Despite seasonal recruitment in accommodation and catering, hiring balance slows to 2,999 in July
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    Greece’s employment balance slowed down in July with 2,999 more hires than departures, according to data from the Labour Ministry’s Ergani information system. In June there were 19,113 more hires than departures, while there was a significant slowdown from the figure of 24,395 of July last year

    2%

  3. Opposition pushes for phone-tapping probe as early polls claim limited damage to ND
    Photo by MacroPolis

    PoliticsGreek Politics

    submit requests for parliamentary inquiries to be held, needing only 120 votes, rather than 151 (a clear..., and the cost of living in particular, rather than the phone-tapping issue. This is backed up by a Marc poll

    2%

  4. Inquiry into surveillance scandal begins as ND feeds speculation about change to election law
    Photo by MacroPolis

    PoliticsGreek Politics

    elections, rather than linking the additional seats to the winner’s share of the vote, which is what... of consensus on the opposition, hoping voters will punish its rivals rather than seek to blame New

    2%

  5. Opposition lambasts Mitsotakis over support package, accuses PM of election scaremongering
    Image: https://flic.kr/p/ARpkYe

    PoliticsGreek Politics

    power than many of its peers. Third party PASOK-KINAL said the funds for the support package came... to employ RRF funds to invest in insulation and heat pumps rather than using budget funds to subsidise

    2%

  6. Jobless rate grows marginally to 12.6 pct as youth unemployment drops by over 7 points
    Photo by Pavlos Svoronos/Fosphotos

    EconomyMacroeconomy

    or placed employees on furlough schemes. Although higher than the previous month, the latest levels... showed that Greece’s employment balance in July had 2,999 more hirings than firings. During the seven

    2%

  7. Q2 unemployment drops to 12.4 pct, reflecting seasonality in job market
    Photo by MacroPolis

    EconomyMacroeconomy

    of long-term unemployed (more than 1 year) came to 370,400 people, representing 62.6 percent of the total unemployed. Alarmingly, the largest portion, 149,700, has not worked for more than four years

    2%

  8. Tax overperformance continues in Aug, as budget balance beats target by close to 6 bln
    Finance Ministry

    EconomyMacroeconomy

    deficit in August 2021. The overall balance is better than the target by 5.88 billion euros. Revenues Net... million. PIB expenditure came to 4.94 billion euros, higher than the target by 783 million euros

    2%

  9. Tourism jobs tumble in Aug, ending 6-month run of positive hirings balance
    Photo by MacroPolis

    EconomyMacroeconomy

    Greece’s employment balance moved into deep negative territory in August as there were 32,966 more departures than hires, according to data from the Labour Ministry’s Ergani information system. In July there were 2,999 more hires than departures, while there was a significant acceleration

    2%

  10. Despite downward revision, IMF sees Greece growing by 1.8 pct in 2023
    Photo via Flickr https://flic.kr/p/7BWNey

    EconomyMacroeconomy

    previously was expected at 3.5 pct in April’s WEO, and lower than the 2.6 pct growth forecast... account deficits that started building up in 2020 when it more than tripled to 7.3 pct of GDP

    2%