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  1. Is post-election just pre-election in Greece?
    Photo by MacroPolis

    Agora

    Now that the ballots from Greece’s triple election marathon have been counted, the focus of debates is shifting towards policy implications, expected cabinet reshuffles and demands for yet more... requirements. Clearly, such a new programme – for lack of a better word let’s call it a ‘cooperation

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  2. Drop in Greek retail sales accelerates to 3.4 pct in March

    EconomyMacroeconomy

    The turnover of Greece’s retail trade index fell by 3.4 percent year on year (YoY) in March, from a revised -1.9 percent posted in February, according to the Hellenic Statistical Agency (ELSTAT... by a similar decline in household’s disposable income. The nosedive in retail volume is more

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  3. Greek banks' Eurosystem funding at lowest since Jan 2010; ELA also wiped out

    EconomyMacroeconomy

    banks to issue senior unsecured debt after four years. Piraeus’s transaction was a 3-year note... widened up to 85 billion. The Finance Ministry’s latest figures show that bank support guarantees

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  4. BoG sees central gov't primary surplus to May at 1.06 bln on cash basis

    EconomyMacroeconomy

    Greece’s central government net balance to May on a cash basis showed the deficit narrowing by 74.4 percent to 1.88 billion from 7.32 billion last year, according to the Bank of Greece (BoG... billion euros, 232 million higher than the BoG’s number. Interest payments on a cash basis fell 7 percent

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  5. Two years on, Greek government ready to give up on higher heating fuel tax

    PoliticsGreek Politics

    Two years after the government decided to implement a contentious increase of 440 percent in the excise tax on heating oil, data produced by Greece’s General Accounting Office (GAO) has shown... the higher tax for heating oil, although this will also need the troika’s approval. Finance Ministry

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  6. Eurostat 2012 figures raise questions about Greece's tax policy

    Economy

    , while consumption taxes comprise a larger part of Greece’s tax revenues (36.3 percent) versus 26.8..., Moody’s notes that Greece exceeded fiscal targets in the 5-month period, which is a credit positive

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  7. Greek primary budget surplus at 707 mln as revenues beat target in May

    Economy

    Greece’s budget execution showed a primary surplus of 707 million euros in the 5-month period from a primary deficit of 970 million in the corresponding period last year, according to the final data... percent to 7.63 billion. MoF noted that this year’s primary expenditure was burdened by increased

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  8. Young Greeks more likely to swap items and buy second hand
    Photo by MacroPolis

    Society

    to exchange goods because of the financial pressure they are under. Perhaps the opinion poll’s most... months. Similarly, the survey (conducted as part of WWF Greece’s Better Life programme) indicated

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  9. Just 8 percent of Greece's 1.27 mln registered unemployed receive benefits
    Photo by Harry van Versendaal

    Society

    As we have highlighted before, one of the consequences of the Greek crisis often overlooked is that the vast majority of the country’s unemployed do not receive benefits as they would in many... that the numbers are even more alarming than most would imagine. Quoting figures supplied by Greece’s jobs

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  10. Greece prepares for a 3-year benchmark bond issue
    Photo by Can Esenbel [http://www.mundanepleasure.com/]

    Economy

    tapping of the markets. The proceeds from Wednesday’s bond issue may be used as a cushion for the debt... at a yield of 2.05 percent, down 10 basis points from last month’s auction. The cumulative drop

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