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PoliticsGreek Politics
Tsipras mixes rhetoric as review conclusion demands political decisions Prime Minister Alexis Tsipras continued to issue mixed messages on Wednesday: On the one hand, he defended his decision on the pension bonus despite his government frantic efforts to avoid this delaying short term debt relief, while on the other he insisted that the review could be concluded by the end of January and that talk of snap elections is “nonsense.”
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EconomyMacroeconomy
Unemployment rate drops again in Q3, reaching 22.6 pct The Greek non-seasonally-adjusted unemployment rate fell again in the third quarter (Q3) of 2016 to 22.6 percent from 23.1 percent in Q2, Hellenic Statistical Authority (ELSTAT) figures showed on Thursday.
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EconomyProgramme![Photo via IMF photostream on Flickr [https://www.flickr.com/photos/imfphoto/]](resources/toolip/img-thumb/2014/08/11/imf_439_1108-medium.jpg "Photo via IMF photostream on Flickr [https://www.flickr.com/photos/imfphoto/]")
IMF sets out its stall as review deliberations resume in Athens Following the statements made during a regular press briefing by the IMF spokesman Gerry Rice last Thursday ahead of the resumption of discussions between the institutions’ mission chiefs in Athens, the IMF sent a very strong message regarding the Greek programme on Monday evening.
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EconomyMacroeconomy
Job departures at 37,667 in Nov, 11-month net hirings highest since 2001 The employment balance stayed negative in November 2016 with net departures rising to 37,667 from 24,674 in the corresponding period last year, data from the Labour Ministry’s Ergani information system showed on Monday.
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EconomyProgramme
Fiscal dispute dominates as Greece and lenders gear up for more talks The institutions’ mission chiefs are expected to return to Athens early this week to begin a new round of discussions with the Greek authorities on the ground, aiming clinch a staff-level agreement on the second programme review.
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EconomyMacroeconomy
Wages index rises again to reach 91 in Q3, highest since Q4 2012 The seasonally adjusted (SA) Wages Index rose for the fourth successive quarter in the third quarter (Q3) of 2016, albeit at a slower pace of 1 percent year on year (YoY) from a higher increase of 4.6 percent in Q2, Hellenic Statistical Authority (ELSTAT) figures showed on Friday.
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EconomyMacroeconomy
Unemployment rate falls to 23.1 pct in September, lowest since March 2012 Greece’s seasonally adjusted (SA) unemployment rate edged down to 23.1 percent in September from a downward revised 23.3 percent in August, Hellenic Statistical Authority (ELSTAT) labour force survey showed on Thursday.
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EconomyProgramme
What Greece’s draft agreement with lenders foresees on labour and pension reforms Labour market reforms have proved one of the most complex issues in the second programme review, as was evident from the negotiations between Greece and its lenders so far as well as the December 5 Eurogroup statement.
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EconomyProgramme
Greece heads to Eurogroup facing uncertain outcome Ahead of the Eurogroup due to start in Brussels on Monday at 3 pm local time, another teleconference was held between the Greek ministers and the institutions’ mission chiefs on Saturday evening.
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EconomyProgramme
The key elements of the draft agreement between Greece and lenders During the second round of meetings between the institutions’ mission chiefs and the Greek government, a draft supplemental memorandum of understanding (sMoU) was prepared.