Opposition takes aim at cost of living
With the cost of living continuing to be named by Greek voters as their top concern, the main opposition party SYRIZA has tabled draft legislation aimed at suppressing inflation and tackling profiteering.
With the cost of living continuing to be named by Greek voters as their top concern, the main opposition party SYRIZA has tabled draft legislation aimed at suppressing inflation and tackling profiteering.
Greece’s seasonally adjusted (SA) unemployment rate moved closer to the 10-percent mark again in March, landing at 10.2 percent, from 11.4 percent in the previous month, Hellenic Statistical Authority (ELSTAT) data showed on Thursday.
National Bank of Greece (NBG) reported a core profit after tax of 320 million euros in Q1 2024, compared to a profit of 220 million euros in the same quarter of 2023, a significant rise of 45 percent year-on-year (YoY).
With the verdict of the Mati trial still fresh, Prime Minister Kyriakos Mitsotakis sought to rally public sentiment behind his justice reform bill, before confronting the opposition on a wide array of campaign issues in the upcoming EP elections.
Greece’s Manufacturing PMI remained in expansion in April, though it dropped to 55.2 points from 56.9 points in March, according to S&P Global data released on Wednesday.
Piraeus Bank posted a net profit of 233 million euros in Q1 2024, from 180 million euros in Q1 last year.
Greece submitted on Tuesday to the European Commission the 2024 Stability Programme, making it the first official document in which the Greek authorities have revised down their initial growth outlook for the year.
Greece’s Producer Price Index (PPI) recorded only a marginal contraction in March, dropping by 0.1 percent year-on-year (YoY), after falling by 4.3 percent in February, ELSTAT data showed on Tuesday.
Greece’s retail sales went deeper into contraction in February, with a drop of 3.8 percent year-on-year (YoY), after an upwards revised decline of 3 percent in January, Hellenic Statistical Authority (ELSTAT) data showed on Tuesday.
The court verdict in the Mati wildfire trial has become the subject of political jockeying between the government and main opposition party SYRIZA amid surprise at the leniency of the sentences issued.