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New Democracy pins hopes on minimum wage hike to reverse poll losses
PoliticsGreek Politics600,000 workers in the lowest salary band. The increase surprised many, as it exceeds the bar of 7... to a loss of 4 percentage points by the governing party, while SYRIZA has dropped 2 percentage points
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Mitsotakis asks voters for four more years to deliver high-wage, low-tax programme
PoliticsGreek Politicsthe fiscal commitment was limited to 2 billion euros over the four years. Coalition conundrum... in the previous election, while 23.5 percent voted for ND, 18 percent for SYRIZA and 7 percent for KINAL-PASOK
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CPI drops in Jun on back of lower energy costs, but food prices continue to climb
EconomyMacroeconomyGreece’s Consumer Price Index (CPI) dropped below the ECB’s target of 2 pct in June, with a reading of 1.8 percent year-on-year (YoY), after growing by 2.8 percent in May, according to the data... 12-month period increased by 7 percent, from 7.8 percent in the previous month. Month-on-month, the CPI
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Reflecting base effects, foreign market and manufacturing drive industrial turnover down sharply in May
EconomyMacroeconomypetroleum products, basic metals, and wearing apparel. Revenue in the domestic market decreased by 7... of almost 2 points in June, after a minor 0.6-point drop in May. Sentiment has been improving
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Newsletter 390 - 21/07/2023
it will have to double this year’s primary balance to more than 2 pct of GDP and keep it there for the next.... Revenue in the domestic market decreased by 7 pct, while the non-domestic market was down by 23.6 pct.
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CPI resumes upward trajectory in July, food inflation at 12.3 pct
EconomyMacroeconomyGreece’s Consumer Price Index (CPI) went back above the ECB’s target of 2 pct in July, with a reading of 2.5 percent year-on-year (YoY), after growing by 1.8 percent in June, according to the data... 12-month period in July increased by 6.2 percent, from 7 percent in the previous month. Month-on-month
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Unemployment rate remains lodged near 11 pct after no change in Aug
EconomyMacroeconomyyear-on-year and now stands at 3.11 million. The unemployment rate among women fell by almost 2..., a drop of 0.9 pps year-on-year. Youth unemployment dropped by over 7 pps year-on-year to 22.5
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EC's autumn forecasts see stable growth, with RRF playing pivotal role
EconomyMacroeconomythat is to exceed 2 pct of GDP for the foreseeable future, the general deficit will be 0.9 pct and 0.8... pct of GDP this year to nearly 148 pct in 2025. The current account deficit will stay elevated at 7
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Greece aims to replicate last year's successful debt strategy in 2024
Economy, which range from 7 years in Italy to 11 years for Ireland. Greece also has a favourable maturity... surpluses just short of 2 pct of GDP in the same period and effective interest rate of 2.8 pct.
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Centrist voters emerge as key to same-sex marriage initiative
PoliticsGreek Politics“parent 1” and “parent 2” introduced in SYRIZA’s draft legislation finds 70 percent opposed... percentage points (from 7 percent to 9 percent) despite the catastrophic overall fall in their poll
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