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Newsletter 261 -07/08/2020
feel that his appointment may be a result of Labour Minister Yiannis Vroutsis’s resistance... arrears) rose by 161 million compared to May and came to 2.42 billion. Month-on-month rises were... compared to May and came to 12.19 billion in June. Bank support was unchanged month-on-month at 320
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Public sector capital stock in Greece and the Euro-19
Agora, it is thus possible that Greece may need a slightly bigger capital stock relative to GDP than more... is consuming more and more government resources in our welfare states. This may be crowding out... investment effort may be needed to give the European economies a boost. · Some countries have engaged
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Wages rise by 7 pct, offset by 7.8 pct 12-month rolling CPI
EconomyMacroeconomyas of the end of May, with the number of registered employees in the Ergani database at 2.58 million, an increase of 5 pct compared to May last year, when employment had grown by 8 pct. Since May... workers. Gross earnings in May this year were up by 7 pct, largely incorporating the rise
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New Democracy and SYRIZA on campaign footing but for how many elections?
PoliticsGreek Politicsin May or whether 2014 would also be the year for snap general elections. Speaking in the European... avoid early elections but it would also win the European elections in May. There was nothing new... the general elections may be taken out if its hands by the results of the May polls. A big win
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Omnibus bill passes but leaves marks on coalition and SYRIZA
PoliticsGreek Politicsso Athens could receive further bailout funding but the process may have inflicted lasting damage... strategy for May’s local and European Parliament elections, when the two parties hope to present... reason for Tsipras’s move may have been to put Stournaras under scrutiny. The finance minister suggested
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What is the bookies' take on the Greek local elections?
PoliticsGreek Politicsfor Ilias Kasidiaris had substantially narrowed from 13 a week ago to 4.50 on May 18. In contrast, Sakelaridis’ odds widened from 4.20 on May 10 to 7.50 on Sunday. Aris Spiliotopoulos remained... elections, the odds from two betting companies - Sportingbet and Goalbet – were similar until May 18
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Greek banks' Eurosystem funding at lowest since Jan 2010; ELA also wiped out
EconomyMacroeconomyGreek banks’ Eurosystem funding fell by 11.3 billion euros in May, the highest monthly drop since... figure landed at 50.66 billion at the end of May, which is the lowest reading since January 2010... from 3.12 billion in April. The sharp drop in May had been communicated in Greek banks’ Q1 results
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Credit contracts by 3.5 pct in June, balances at 214.81 bln
EconomyMacroeconomy963 million in May. The negative flow in June mainly reflects corporate and housing lending net... & private non-profit institutions eased 3 percent in June, unchanged from May, with balances remaining... to 128 million in June from 246 million in May. In particular, housing loan balances retreated 3.2
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Newsletter 21 - 27/03/2015
that Greece may achieve a primary surplus of 1 percent of GDP this year if the government does... rates on Aegean islands, but government sources said that was a personal view. before May. Although... of €22.9 million for the life of the concession, as agreed last November, may be finalised. However
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As hopes of April 24 deal fade, differences between Greece and lenders remain
PoliticsGreek Politicsunlock funding will carry over into May. Although some Greek government officials insist a deal... that the regular meeting of eurozone finance ministers on May 11 will be the next potential date for some kind.... The failure to reach a deal on April 24, with negotiations possibly dragging on into May, will lead to greater
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