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Deposits record growth of 5 bln in Dec, balance at highest since summer 2011
EconomyMacroeconomyThe net private sector deposit movement in the Greek banking system turned positive in December with a jump of 5 billion euros, after a drop of 591 million euros in November, based on Bank of Greece... this year due to the cost-of-living crisis. The Greek economy entered its decade-long debt crisis
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Greece moves step closer to investment grade as Fitch ups rating by one notch to 'BB+'
Economyin Q3 2022. Fitch expects the Greek economy to grow by a very modest 0.9 pct in 2023 and up to 2.4... year-on-year, the highest since 2010. The objectives for the Greek authorities to secure
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ND makes move to stop far-right party from taking part in elections
PoliticsGreek Politicsof this amendment. Since winning the 2019 election, when Golden Dawn lost its seats in Parliament, the Greek... have reservations about SYRIZA’s commitment to eradicating extremism and populism from Greek politics.
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Vulnerable households allocated 60 pct of income for housing even before cost-of-living crisis
EconomyThe struggles of Greek households, particularly those considered vulnerable, in coping with the cost-of-living crisis were captured in the latest housing overburden data published by Eurostat. It shows that even before the inflation wave intensified (the latest data is for 2021) Greek households
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Deposits drop by 4.5 bln in Jan, reversing previous month's marked increase
EconomyMacroeconomyThe net private sector deposit movement in the Greek banking system dropped by 4.5 billion euros in January, reversing December’s impressive rise, when it jumped by 5 billion euros, based.... The Greek economy entered its decade-long debt crisis with 237.53 billion in deposits at the end
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Political clash brewing over fatal train collision, railway safety
PoliticsGreek Politicsconcerns about the levels of safety on the Greek railway network, which have not been adequately... response to wildfires in Attica and northern Evia, he told Parliament that the Greek people counted
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Q4 GDP grew by 1.4 QoQ, 2022 GDP rose 5.9 pct
EconomyMacroeconomythe Greek economy was revised down by the start of the summer, to reflect the uncertainty caused... for the Greek economy and concerns about the energy outlook moderated as prices stabilised in recent
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ND prepares for opinion poll hit after crash protests, shaky communications
PoliticsGreek Politicsof the grief and rage gripping Greek society in reaction to the Tempe accident. The New Democracy...”. Previously, the Greek government and the EPP had tried to block the visit on the grounds
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New Democracy pins hopes on minimum wage hike to reverse poll losses
PoliticsGreek Politics. Communist Party KKE and far-right Greek Solution also remain stable at 6 pct and 4 pct respectively, while... 10 pct to 9.2 pct. The poll shows KKE holding on to 5.9 pct, while support from Greek Solution has
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Athens and Ankara keep ties ticking over pending elections
PoliticsForeign Policyand the United States, may change. In an interview with Greek public broadcaster ERT, Cyprus’ new..., seeing this as beneficial for the Greek cause as well. For Cyprus, a possible reset of Ankara’s
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