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  1. Inflation to persist, creating more economic policy challenges

    EconomyMacroeconomy

    of a political issue. Although last weekend’s parliamentary debate before a no confidence vote on Sunday was ostensibly about the government’s crisis management failings, SYRIZA focussed much of its attention on price hikes, which the opposition party feels could be a chink in New Democracy’s armour. Recent

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  2. Employment balance negative by 25,804 in Jan as pandemic support is wound down
    Photo via https://flic.kr/p/2cusZTV

    EconomyMacroeconomy

    Greece’s employment balance stayed negative in January as departures outpaced hires by 25,804, according to data from the Labour Ministry’s Ergani information system. This followed a negative balance... by 133,082, improving by 40,079 jobs year-on-year, capturing the base effect of last year’s first

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  3. Govt bats away pushback allegations as migration attitudes harden

    PoliticsGreek Politics

    rights violations on Greece’s land and sea borders with Turkey. The unusually strongly worded.... Migration Minister Notis Mitarachi expressed surprise at the UNHCR’s statement, claiming that Greece... and the EU. The minister claimed that Greece’s competent independent authorities fully investigate any

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  4. Alpha books net loss of 2.91 bln in 2021 as balance sheet clean-up intensifies
    Photo by MacroPolis

    EconomyBanking

    , from 54.3 percent in 2020. Balance sheet The Group’s gross loans amounted to 39.2 billion euros... of the bank’s TLTRO III borrowing allowance. Capital The Common Equity Tier 1 (CET1) ratio for 2021... by an 800-million-euro share capital increase that took place in July. The bank’s Total Capital

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  5. Unemployment rate unchanged at 12.8 pct in Jan, employment rises by more than 300,000 YoY
    Photo by MacroPolis

    EconomyMacroeconomy

    Greece’s seasonally adjusted (SA) unemployment rate stayed unchanged at 12.8 percent in January, Hellenic Statistical Authority (ELSTAT) data showed on Wednesday. In the same month last year... the Labour Ministry’s Ergani database showed that Greece’s employment balance in January remained

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  6. Government accused of complacency on food supply and price hikes

    PoliticsGreek Politics

    The government’s messages of reassurance over the availability and affordability of basic... the loss of imports from Ukraine and Russia, which include 35 pct of Greece’s requirements in bread...” solutions. Centre-left KINAL said the government’s measures amounted to “too little, too late

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  7. Authorities ready energy "plan B" for potential supply disruptions as cost of living prompts strike

    PoliticsGreek Politics

    for strategic gas storage. DESFA, the owner of Greece’s only LNG terminal at Revithoussa, is planning... of lignite units by two years to 2025 was recently discussed in a meeting in the PM’s office... the government. The first mass protest is due to take place on Wednesday, when Greece’s largest labour unions

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  8. PM set to prolong coal use, sparking complaints about energy policy U-turn
    Photo via PPC https://flic.kr/p/9qi65R

    PoliticsGreek Politics

    -lignitisation” plan for increasing Greece’s vulnerability in an economic and a geopolitical sense... of PPC’s annual accounts to repeat its accusations of profiteering by energy companies... developments, however, the US official’s comments appear to put paid to any such prospect. “We all

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  9. Industrial production returns to annual growth in Feb, rising by 4.6 pct, after blip
    Image via www.viohalco.com

    EconomyMacroeconomy

    Greece’s Industrial Production Index (IPI) recovered in February, rising by 4.8 percent year... and electricity supply down by 9.3 percent. According to the European Commission’s latest business surveys... confidence has increased by 17.1 points. In addition, Greece’s Manufacturing PMI in March dropped

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  10. Greece's fiscal path becoming clearer; sizeable adjustment lies ahead
    Photo by MacroPolis

    EconomyMacroeconomy

    ’s future fiscal path started to take shape over the last few days. The country’s fiscal commitment... Pact, due to be negotiated soon, would allow it to operate under less demanding targets. Greece’s

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