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Newsletter 244 -20/03/2020
Govt reels off new interventions PM says up to 9.8 bln to be spent on economy after Eurogroup, ECB... the spread of the coronavirus as it stepped up the economic assistance available to businesses... since last week on Thursday, revealing that only a day after pledging to make use of up to 3.8 billion
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Retail sales grow annually in Oct as volumes, monthly movements reflect cost of living impact
EconomyMacroeconomyThe growth in Greece’s retail sales saw a further drop in pace in October, rising by 8 percent year..., automotive fuel was up 15.2 percent, non-food was up by 7 percent and food sales were up by 5.9 percent..., with solid growth also seen in supermarkets that increased by 6 percent, food and beverages were up by 5
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Amid flare-up with PASOK, Tsipras makes plans to govern
PoliticsGreek Politicsenvironment, Democratic Left (DIMAR) leader Fotis Kouvelis has attempted to clear up where his party stands... wary of cosying up to SYRIZA. As a result, on Tuesday the DIMAR chief managed to both give... recent comments in Texas regarding the non-viability of returning to the drachma were followed up
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Will the real men of unity please stand up?
Agora. This apparent ganging up on what is currently the eurozone’s politically, economically... divisions to open up over what should be manageable economic and technocratic issues. The solution... or our free mobile apps. For free 30-day access, sign up here. Follow Nick on Twitter: @NickMalkoutzis
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Eurogroup leaves Greece in limbo, with liquidity drying up
PoliticsGreek PoliticsMonday’s meeting was to ensure that the ECB would not apply a larger haircut to the collateral put up..., there is a danger that Greece will find itself in a peculiar limbo that could end up having devastating.... Nevertheless, the source of funding for the payment underlines how pressured the coalition is to come up
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Gov't hits back as pension reform row heats up
EconomyProgrammein 2010. The non-paper also provided some examples, comparing new and old pensions up to 1,500 euros and up to 20 insured years, which indicate that new pensions will be higher by up to 5 percent vis-à
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Creditors' deal comes up short on debt relief for Tsipras
PoliticsGreek Politicsand opens up the possibility of renewed friction with the institutions later this year. According... from the International Monetary Fund right up to the last moment, the eurozone lenders did not cave... stability in Greece over the next few months. These thoughts were summed up by Tsakalotos in his closing
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Siemens trial hitch ratchets up tension between coalition and judiciary
PoliticsGreek Politicssources claimed the latest hold-up was prompted by delays in translating the court documents... recently been held up because of an ongoing strike by lawyers but also because of the appeals court judge..., Siemens Hellas, and spending another 60 million euros to build a new factory employing up to 700
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Industrial production up for fourth straight month in July with 4.1 pct rise
EconomyMacroeconomy, the latter makes up only a fraction of the total index. Three of the five main industrial groupings... that increased by 5 percent, while water supply production edged up marginally by 0.2 percent... be on the verge of picking up.
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Greek stocks on the rise again, end week 2.1 pct up
Economyactivity picked up from last week, volumes remained soft for the fourth successive week. The average daily turnover edged up to 35 million from 27 million in the previous week. Corporate news Jumbo... to 104.8 million euros, with sales up 9.4 percent to 637.6 million, while EBITDA improved by 15.3 percent
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