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Left pulls together against ND's labour reform bill
PoliticsGreek Politicsa strong push over recent weeks, fronted by Labour Minister Kostis Hatzidakis, to present... that they have hitherto pointedly shunned. With ND maintaining a strong lead as it approaches the mid-point... divide. New Democracy have been making a strong push over recent weeks, fronted by Labour Minister
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Govt views pandemic window as opportunity to advance contentious reform agenda
PoliticsGreek Politicsfor workers and employers. The proposals have already come up against strong resistance from... system, which largely focus on school governance, have also met with strong reactions when mooted... in Parliament – and at the risk of exciting strong public opposition – Mitsotakis appears intent of using
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Positive sentiment around banks continues to grow
EconomyBankingbeen reporting very strong earnings, with net income at 1.7 billion euros by the end of H1, assisted... strong profitability in 2022, when total income was 3.8 billion euros for the four systemic banks, thanks to strong net interest income of close to 5.5 billion euros. Throughout the year, the sector has
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Newsletter 426 - 07/06/2024
by a strong build up of inventories that pushed up capital formation. Quarter-on-quarter (QoQ), GDP... been growing QoQ for four straight quarters. Nominal growth was also strong YoY, rising by 5 pct... component due to the festive period. Exports also recorded a strong contraction compared to the same
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Role of inflation in US elections gives government food for thought
EconomyMacroeconomyto varied degrees in different regions and ethnic groups. The Harris campaign put forward the strong... below the long-term average of 5.7 pct. These strong macroeconomic numbers did little to appease... headline figures point to strong economic developments while close to 70 pct of the Greek public
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Fitch leaves rating unchanged at 'BBB-', ups outlook to positive
EconomyMacroeconomyagencies now having Greece in this category. Fitch notes Greece’s strong fiscal performance... debt decline among Fitch-rated investment-grade sovereigns. Greece also maintains strong cash... projects debt-to-GDP to fall to 120% by 2030. The government has demonstrated a strong commitment
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Latest BoG report sees sustained growth, range of challenges
EconomyMacroeconomycomponents. Fiscal performance remained exceptionally strong. Contrary to expectations of mild fiscal... strong foreign investor demand, and containing yield pressures. Greek banks and non-financial.... Greek banks remain financially robust, with strong profitability, high capital and liquidity ratios
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Greece braces for Middle East fallout as polls show ND holding firm despite voter unease
PoliticsGreek Politicsscepticism toward political leadership, and a strong desire for change. It is against this backdrop... a strong and widening lead and the opposition continues to be unable to convert public dissatisfaction.... Despite this aversion to escalation, the public expresses strong support for defensive measures linked
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Scope leaves 'BBB' rating unchanged, outlook remains positive
EconomyMacroeconomyaction since. The agency notes that Greece’s rating is supported by strong fiscal performance... financing, along with strong European institutional support, including Eurosystem backstops and EU funding... international investment position, and reliance on services exposed to shocks. Scope expects strong fiscal
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Parties on edge as Golden Dawn case has potential to go either way
PoliticsGreek Politicsthat this will not happen quickly, if it happens at all. Despite Golden Dawn leader Nikos... to release the three deputies, leading to questions about whether Public Order Minister Nikos
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