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Austerity
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Society
Greeks' working hours among highest in EU, annual leave below average An annual review for the working rights of workers in the European Union has found a divergence in the working lives of employees across the Union are entitled to.
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Economy
Rating agencies concur in improved prospects for Greece The June 15 Eurogroup agreement that concluded the protracted second review of Greece’s programme became the catalyst for the three main rating agencies to update their ratings, or the outlook, for the country.
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PoliticsGreek Politics
Macron visit gives Tsipras chance to build ties, refocus Prime Minister Alexis Tsipras is hoping that he can redirect the domestic debate and voters’ attention towards next year’s expected exit from the programme with the help of the early September visit to Greece by French President Emmanuel Macron.
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EconomyMacroeconomy
Capital controls to ease further from the beginning of September Individuals will be able to withdraw a lump sum of up to 1,800 euros per calendar month from September 1 as part of government moves to further relax the capital controls in place since 2015.
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EconomyFeatures
Tourism could give economy annual 5 bln boost, NBG report finds Tourism could generate an additional 5 billion euros for the Greek economy annually according to new research by the National Bank of Greece (NBG).
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PoliticsGreek Politics
Tsipras eyes expansionary measures in 2019 as he starts building post-MoU narrative Prime Minister Alexis Tsipras gave a wide-ranging televised interview on Wednesday night in an apparent attempt to build on Tuesday’s bond issue and make one last attempt to win back some support before things wind down for August.
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EconomyProgramme
IMF insists fiscal targets unrealistic, cites historical evidence to support case From the start of Greece’s third European Stability Mechanism, programme in the summer of 2015, the International Monetary Fund had been calling for realistic assumptions in the assessment of Greece’s debt sustainability.
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Society
Parents main source of income for most young Greeks A survey by the diaNEOsis research and policy institute has found that almost half of all Greeks aged 18-35 receive economical support from their parents or other relatives.
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Society
Proportion of Greeks willing to emigrate for work triples in two years A survey by Adecco has revealed that as many as one in three Greeks are looking for job opportunities abroad, up from one in 10 two years ago.
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PoliticsGreek Politics
EC recommends symbolic closure of deficit procedure as Athens mulls bond issue The European Commission announced on Wednesday that it is recommending the closure of the Excessive Deficit Procedure (EDP) against Greece for the first time since 2009.