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  1. Stournaras in firing line for arguing Greeks can pay more taxes
    en_GB Photo by Harry van Versendaal

    PoliticsGreek Politics

    with the troika are pending, the 2014 budget has yet to be passed through Parliament and there is still... to a eurozone average of 25.7 percent. In this respect, Stournaras has a point: Overall revenues... increase in the consumption tax on heating oil so it is equal to vehicle fuel has resumed. Last month

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  2. Move to unite centre left takes next step but potential in doubt

    PoliticsGreek Politics

    for this fragmented section of Greek politics to pull together. The initial signs are mixed. PASOK has given its... because it is averse to a Venizelos-led PASOK, has refused to give its nod of consent. One Democratic... with society. The Greek “Olive Tree” is due to hold its founding congress in February and certainly has

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  3. Two hurdles left for coalition this year before bigger challenges in 2014
    en_GB Photo by Harry van Versendaal

    PoliticsGreek Politics

    Greece’s coalition has two more hurdles to clear before it stumbles over the finishing line..., the government has since tweaked the contents of the bill and is unlikely to see its slim, four-seat majority... the course of the year and given that the latest tranche has been secured, it would be a surprise to see any

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  4. Coalition wins crucial votes but at a price as SYRIZA leads polls
    Photo by Harry van Versendaal

    PoliticsGreek Politics

    party but the fact the government’s majority has been reduced again to just three... the coalition over the closure of public broadcaster ERT in June, the coalition has been trying..., who now number 13, may occasionally back the government. However, the government has found

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  5. Greek banks' capital backstop and the funding gap: An uneasy relationship
    Photo by Harry van Versendaal

    Economy

    Minister Yiannis Stournaras has recently stated he awaits the outcome of the BoG report on banks’ capital... used to cover the funding gap. The HFSF’s capital buffer has also come under the spotlight because... not be equally split among the four core banks. Eurobank has already initiated a capital increase process

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  6. Despite pledges, Greeks uncertain and feel recovery will take years
    Photo by Harry van Versendaal

    Society

    this year, the first increase in national output since 2008. The Greek public, though, has heard promises... that the state functions better than it did five years ago, whereas 43 percent believe its performance has worsened. For 29 percent there has been no change at all. Finally, to end with some psychoanalysis, how

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  7. One in two Greek households rely on pensions to make ends meet

    Society

    , has also suffered. About a third of households (34.8 percent) said that they are behind.... The survey indicated that the income of only 5 percent of households has not been affected during the crisis, while the average Greek family has seen its earnings drop by almost 40 percent between 2010

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  8. Greek Q4 GDP down 2.6 pct, shrinks 3.7 pct in 2013 - better than troika estimates

    EconomyMacroeconomy

    and troika forecasts for a 4-percent contraction. Greece has experienced negative growth since the third quarter of 2008, but the contraction has been consistently slowing over the past six quarters... measures and lack of a material implementation of structural reforms has led 9-month 2013 GDP to contract

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  9. Fragmented, weak Greek centre left fails to find basis for cooperation
    Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]

    PoliticsGreek Politics

    An ambitious plan for the rejuvenation of the centre left of Greek politics has stalled as the movement of intellectuals and politicians known as the “58” has turned down an opportunity to cooperate.... However, this also remains the overriding weakness of the new movement. It has a number of former

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  10. December fails to boost Greek retail sector: Sales fell by 6.7 pct
    Photo by MacroPolis

    Economy

    Agency (ELSTAT) on Friday. During the crisis household consumption in Greece has shrunk by 28 percent, disposable income has been reduced by 32 percent. Also, approximately a third of the population is in material deprivation. So it is not surprise that retail trade is one of the sectors that has been

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