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Unemployment rate edges up to 26.1 pct in Q4 2014
EconomyMacroeconomythan 2 pp YoY to 29.6 percent. However, it is still more than 6 pp above that of men at 23.3 percent. Youth unemployment (15-24 years) dropped by more than 5 pp YoY, yet it remains above the 50-percent... with the unemployment rate decreasing by more than 3 pp YoY to 41.1 percent. The 30-44 age group also showed
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Lower spending, extra revenues result in budget execution beating targets in March
EconomyMacroeconomy(by 1.18 billion) and higher Public Investment Budget (PIB) surplus (by 856 million) more than offsetting... target by 491 million, primary expenditure was 589 million lower than target, while PIB revenues were... with the respective surplus at 648 million more than three times higher than the February figure
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Newsletter 25 - 08/05/2015
and other operational costs, it is believed that more than half of local government The government... than planned, equally divided over the two months. Although this accordingly increases the state’s... on the negotiating table now, rather than in June. However, a day after the communiqué was issued
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Budget primary surplus grows in April thanks to one-off revenues and restricted spending
EconomyMacroeconomyGreece’s 4-month budget primary surplus more than doubled to 2.16 billion euros from 1.05 billion... billion better than target. The breakdown of the key budget items displayed revenues (before tax..., the 4-month figure settled at 12.41 billion, down 6.3 percent and 1.46 billion better than target
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Brussels talks inconclusive, Tsipras has tough sell at home if deal reached
PoliticsGreek Politics. According to reports, this year’s target will be 1 percent of GDP rather than 3 percent, 2 percent in 2016 rather than 4.5 percent, 3 percent in 2017 and 3.5 percent from 2018 onwards. The impact of the two... claim a moral rather than material victory on this point, stressing that SYRIZA’s objections
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The main political scenarios ahead for Greece should it reach a deal with lenders
PoliticsGreek Politicsdecision” rather than technocratic talks was needed to settle the Greek issue. Tsipras has... for no more elevated a political discussion than Greece’s bailout program being debated... commitment from lenders regarding debt relief than the one his predecessor Antonis Samaras was given
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Disposable income up by 2.6 pct in Q1 for highest reading since 2009
EconomyMacroeconomyit increased by 2.6 percent, which is faster than the 1.4 percent rise posted in Q4 2014, according... by more than 12 billion euros or 30.8 percent since Q1 2009, which clearly depicts the direct and indirect... than 47 percent in the past six years. Household final consumption slipped by 1 percent, after easing
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On the Greek crisis and German imbalances
Agora. This is amplified by the understanding that German economic moralism is more akin to Kantian absolute ethics than... faster rates than was the case in a Greek economy captured by oligopolies in e.g. Food and Petrol... than was the case for Cyprus. This author had taken a strong stance against this advice for the case
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June deposit outflow rises to 7.58 bln as total balance drops to lowest in 12 years
EconomyMacroeconomy, which is the lowest reading in more than 12 years, since November 2003. In addition, June outflows... corresponding to a sharp drop by more than 26 percent on the end-November balance of 164.3 billion. Almost... and savings withdrawals of 2.3 billion each. In addition, more than 47 percent of the 7-month
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European Commission evaluates impact of bailout programme
EconomyProgrammeof pensions for those covered by OGA who have contributed for less than 15 years. 9) Gradually phase out... that currently more than one-quarter of all new retired people from the main private pension fund... (currently 30 percent lower than the rest of Greece) will be eliminated by the end of 2016 starting
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