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Labour cost fall has not produced jobs, bemoans GSEE in study
SocietyThe significant fall in labour costs since the onset of the crisis has not led to a corresponding fall in prices and a boost in employment and competitiveness, defying conventional theories..., the report said. The INE maintains that the gains made by companies from the fall in labour costs has
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Fall in apartment prices continues with slower decline of 0.6 pct in Q3
EconomyMacroeconomyin Q3 following a 0.3 percent quarter-on-quarter fall in Q2 2017. Old apartments, classified as over five years old, saw their prices fall by 0.7 percent in Q3. Properties up to five years old saw price... annual fall was posted in 2012 (-11.7 percent), followed by another double-digit drop of -10.9
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General govt primary cash surplus at 2.42 bln in April, arrears fall by 66 million
EconomyMacroeconomy) and came to 23.81 billion euros. This was driven primarily by a fall in interest paid (-859 million...-on-month falls were noted in four out of the six subcategories. The biggest fall came from SSF arrears... The stock of gg guarantees fell substantially by 3.84 billion to 22.87 billion. The fall was almost
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General govt primary cash surplus at 5.21 bln in September, arrears fall by 411 mln
EconomyMacroeconomy. The biggest fall came from tax refunds which decreased by 363 million in September to come to 699... a marginal fall of 5 million to 51.54 billion, representing 14.5 percent of the total. Repos dropped by 1.57.... The main driver behind the fall was a 898 million-euro decline in Emergency Liquidity Assistance (ELA
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General govt primary cash surplus at 9.45 bln in Dec, arrears fall by 195 mln
EconomyMacroeconomywas noted in extrabudgetary funds with an annual fall of 1.08 billion euros, bringing the total figure... percent YoY) to stand at 74.59 billion euros. The main driver was a fall of 412 million in transfers, which came to 4.42 billion euros. The next biggest fall was in purchases of goods and services
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PASOK and Potami seek common ground as Konstantopoulou prepares to return
PoliticsGreek Politicsfrom the personal and political hang-ups impeding the process, the fact that Potami and PASOK rely on state funding, which would be lost if they morph into a new party, is also a barrier to cooperation
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Government caught between milestones and corruption claims
PoliticsGreek Politicsstrong growth in 2017. It seems more likely at the moment that the prime minister would hang on and see... of several of the 15 milestones needed for Greece to obtain further bailout funding. The full
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Space and time the missing elements in Greek bailout talks
Agoracontinues to hang over all those involved. The problem is that each side’s particular concerns... to bring the overall load, as well as Greece’s gross funding needs back down to manageable levels. Again
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Athens assesses new Turkish government, potential impact on imminent drive for fresh talks
PoliticsForeign Policyhead of MIT, while Yasar Guler was appointed as Defence Minister. Greek view From a Greek perspective.... Yasar Guler, who until recently was the head of the Turkish Armed Forces has never had any contact
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Eurosystem funding decline picks up pace to 3.26 bln in April
EconomyMacroeconomy. The decline was entirely driven by a fall in Emergency Liquidity Assistance (ELA) funding by 3.34...) monthly financial statement revealed on Thursday. The fall across the month brought central bank... bailout programme. Following this, the majority of the fall (76.55 billion) originated from a lower
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