A court case over the deployment of illegal spyware has revived the opposition’s claims that the PM’s office was running an eavesdropping operation on political rivals and other public figures, while the drip feed of damaging revelations about the farm subsidy scandal continue to erode the government’s credibility.
Greece’s economy and banking system are holding firm against global headwinds, according to the Bank of Greece (BoG)’s latest Financial Stability Review.
Greece's travel balance recorded a surplus of 4.15 billion euros in August, compared to 4.18 billion euros in July, according to data released by the Bank of Greece (BoG) on Wednesday.
The vote on a government proposal to ban protests from a monument to the Unknown Soldier in front of Parliament has led the opposition to accuse PM Kyriakos Mitsotakis of authoritarianism, but has also provoked dissent in the ranks of the governing party.
Greece’s employment balance was negative in August with 2,542 more departures than hires, according to data from the Labour Ministry’s Ergani information system.
Greece’s current account recorded a surplus of 1.1 billion euros in August, from a surplus of 938.4 million euros in July, Bank of Greece (BoG) data released on Tuesday showed.
The tug-of-war between the government and the opposition over whether protests can take place in front of the Tomb of the Unknown Soldier is due to move to Parliament on Tuesday as MPs will discuss the government’s amendment to place the Defence Ministry, and therefore the armed forces, in charge of preserving and protecting the monument which is situated in front of the House.
Greece’s industrial turnover dropped further in August, with a decrease of 1 percent year-on-year (YoY), from a 1.8 percent drop in July, according to data released by the Hellenic Statistical Authority (ELSTAT) on Monday.
Prime Minister Kyriakos Mitsotakis has doubled down on last week’s labour reform, insisting that the opposition parties are intentionally misleading the public about what the changes mean for Greek workers.
S&P on Friday reaffirmed Greece’s sovereign credit rating at ‘BBB’ with a stable outlook, citing confidence in the country’s fiscal discipline, solid economic growth, and an improving banking sector.
