Facebook whistleblower Frances Haugen speaks at a conference in 2022. Kimberly White/Getty Images for SumOfUsWhistleblowers – people who expose wrongdoing within their organizations – play a crucial role in holding governments and corporations accountable. But speaking up can come at a cost.
Market chaos and economic uncertainty has been a feature of the president’s first few months back in office. DealBook breaks down the milestones, and what to expect next.
Master1305/ShutterstockWhen you think of co-working spaces – where workers from different industries come together to share a convenient workplace – you might picture a group of young freelancers hunched over laptops. But today’s co-working spaces have evolved into something more powerful – particularly in a world still reshuffling office work practices in the wake of the COVID pandemic.
The contraction in the Greek banking system’s private sector deposits reversed in March, with a net increase of 2.41 billion euros, after a 1.7-billion-euro decline in February, according to the latest Bank of Greece (BoG) figures released on Tuesday.
The credit expansion in the Greek private sector remained strong in March, rising by 10.3 percent year-on-year (YoY), from 10.5 percent in the previous month, Bank of Greece (BoG) figures released on Tuesday showed.
Greece’s economic sentiment (ESI) was broadly stable in April at 107.4 points, from 107.7 in the previous month, according to European Commission figures released on Tuesday.
This box explores the newly available five-year-ahead inflation expectations collected in the ECB Consumer Expectations Survey (CES). While consumers’ beliefs about longer-term inflation expectations are characterised by substantial heterogeneity and dispersion, the median five-year-ahead expectations have been close to the ECB's 2% inflation target since September 2024. This relative stability contrasts with more variable one-year and three-year expectations, which have been more sensitive to actual changes in inflation.
The budget primary balance was confirmed at a surplus of 4.5 billion euros by March, compared to a surplus of 2.99 billion euros in the same period a year earlier, according to the final Finance Ministry (MoF) budget execution data released on Monday.
On the same day that the government unveiled its plans for improving rail safety in Greece, the judicial official investigating the Tempe train crash sent the case file from his probe to Parliament, asking MPs to take a closer look at the involvement of two former transport ministers.
The recent surge in inflation has led to a significant increase in the frequency of price changes, making prices more flexible. Conventional models assume a constant price change frequency, but in state-dependent models the frequency varies with economic conditions. Price flexibility has an impact on the effectiveness of monetary policy. In high inflation periods, frequent price changes make monetary policy more effective in reducing inflation with less impact on economic activity. Therefore, monetary policy should be more aggressive during such periods to stabilise prices efficiently.
