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  1. Greek PMI falls to 49.4 in June, lowest since November 2013

    EconomyMacroeconomy

    . This was the lowest reading since November with the headline figure falling back below.... At the same time, the quantity of items purchased by Greek manufacturers recorded the first back-to-back... was slower than in May. Markit analysts concluded that: “Greece’s manufacturing PMI fell back below

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  2. Is there (sustainable) growth in Greece?
    Photo by MacroPolis

    Agora

    quarters of negative GDP performance dating back to Q3 2008 (see chart below). Still, the economic damage... real economy back to the levels last achieved in 2007. Thus, some reflections about the state of play... price inflation are a reflection of falling real earnings. Holding back on private household

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  3. Samaras softens stance on snap elections as decisive presidential vote looms
    Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]

    PoliticsGreek Politics

    Samaras softened his stance on Sunday, offering a deal to any parties or MPs that back his candidate... independent and opposition MPs an added incentive to back the government’s candidate in the next two... Haikalis that he was offered financial incentives to back Dimas, it has done so in a somewhat guarded

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  4. Key players in new Greek gov't strike moderate tone but bailout strategy won't change
    Photo by MacroPolis

    PoliticsGreek Politics

    . After announcing the end to the previous government’s privatisation programme, rolling back..., restoring the minimum wage to 751 euros, bringing back some labour regulations, rehiring some sacked..., the coalition will not hold back from taking steps that could upset its eurozone partners. The message

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  5. Greek DSA: Don't Say Anything about the debt
    Photo by MacroPolis

    Agora

    . The downward revision of growth rates, with a major scaling back of growth projections this year as a result... Greece's debt as high as over 150 percent of GDP by 2022, bringing back to the table the most awkward topic... be convenient to blame the political change in Greece for lenders having to go back to the drawing board

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  6. Newsletter 29 - 05/06/2015

    Newsletters

    ; and increasing tax on tobacco and alcohol. To sum up, back in November the institutions foresaw a fiscal gap... of Greeks would back keeping the single currency even if more conditionality is imposed. This means... Commission Jean-Claude Juncker as this newsletter goes to print. What started back in the autumn of 2014

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  7. Lenders dismiss Greek proposals but SYRIZA also ups pressure on Tsipras
    Photo by MacroPolis

    PoliticsGreek Politics

    , it is vital for Tsipras’s hopes of securing the backing of SYRIZA MPs that he is able to avoid coming back... that the government is currently drafting, which will bring back collective bargaining and raise... liberalisation but for the government to also abandon its aim of rolling back previous reforms. The prime

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  8. A Greek proposal that deserves to be heard
    Photo by Harry van Versendaal

    Agora

    and sinking the economy back into recession. But Tsipras and his ministers acted like it was actually... billion euros over the next three years. In similar fashion to the debt buy-back that took place... (the third programme) Greece would buy back all the remaining SMP bonds held by the ECB, which have a face

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  9. Greece: After a deal, work on a solution
    Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]

    Agora

    society. The creditors, on the other hand, need to back such a long-term plan, and put more... the euro, and want a deal in the end. Syriza is therefore likely to back Tsipras when he decides to put...’ club” – by the German press. In the end, they will back Merkel, minus a few rebels. Other eurozone

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  10. Tsipras faces lenders' wall in Brussels as political tension grows in Athens

    PoliticsGreek Politics

    resulted in an agreement as lenders have rejected Greece’s proposals and reverted back to the suggestions.... It is fairly likely that if Tsipras comes back with the deal that has been put on the table by the lenders his... the talks in Brussels suggests that he is determined to come back with some kind of deal and give Parliament

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