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PoliticsGreek Politics
Public sector hires under scrutiny again with more in the pipeline The latest enhanced surveillance report from the European Commission urged the Greek government to keep a close watch on the public sector payroll, which is once again growing at a significant pace.
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EconomyProgramme
Latest EC review clears path towards end of enhanced surveillance process in 2022 The European Commission published on Wednesday the latest report as part of Greece’s enhanced surveillance, moving the country one step closer to the completion of the post-programme framework.
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EconomyMacroeconomy
EC sees strong recovery in 2021, solid growth in coming years underpinned by RRF The European Commission continued to revise upwards its estimates for Greek growth in 2021, moving up to 7.1 pct in the autumn forecasts released on Thursday, from 4.3 pct growth seen in the summer forecasts in July.
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EconomyFeatures
Discussion over PEPP, SGP draw attention to rising yields The Greek sovereign debt market has enjoyed a buoyant period, largely thanks to the participation of the GGBs in the ECB’s emergency asset purchase of the pandemic codenamed PEPP, which pushed borrowing costs for the Greek state to historic lows.
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EconomyMacroeconomy
Economic sentiment picks up again in Oct but consumer confidence drops for fifth month Greece’s economic sentiment (ESI) continued growing in October, when it rose by 3.7 points month-on-month (MoM) to 112.4 points after dropping by 3.3 points in September, according to European Commission figures released on Thursday.
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EconomyMacroeconomy
Economic sentiment drops off in Sept as consumer confidence falls for fourth month Following a series of rises, Greece’s economic sentiment (ESI) dropped in September by 3.3 points month-on-month to 109.7 points, from a rise of 1.8 points in August, according to European Commission figures released on Wednesday.
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Economy
Some key tasks pending as Greece edges closer to completing post-programme process Greece formally completed the eleventh post-programme review, which took place remotely in mid-July and was followed by regular consultations, with the report published on Wednesday by the European Commission.
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EconomyMacroeconomy
Economic sentiment rises to 113 points in August, but consumer and retail confidence slide Greece’s economic sentiment (ESI) rose by 1.8 points month-on-month in August to reach 113 points, European Commission figures showed on Monday.
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EconomyMacroeconomy
Economic sentiment rises above 111 pts in July but consumer confidence drops further Greece’s economic sentiment (ESI) resumed its recovery path in July, rising to 111.2 points, from 108.7 in June, according to European Commission figures released on Thursday.
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EconomyMacroeconomy EC summer forecast sees growth edging up to 4.3 pct, driven by RRF The European Commission continues to marginally revise upwards its forecasts for Greece’s growth: In the latest summer forecasts released on Wednesday it sees the economy growing by 4.3 pct in 2021, from the 4.1 pct expected in May.