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Tag Archives: ELSTAT

ELSTAT chief to face felony charges over inflated Greek deficit in 2009

Greek economic prosecutors are seeking felony charges against the former president of the Greek Statistics Authority Andreas Georgiou over  upwards manipulation of the Greek deficit in 2009 and thus with the aim to push the country into the IMF bailout mechanism. Apart from Georgiou  felony charges are also to be raised against the …

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Unemployment in Greece Breaks New Record: 24.4% in June 2012, 1:4 Without Job & Income

Unemployment in Greece broke another record in June reaching 24.4%. In comparison: 17.2% in June 2011 and 23.5% in May 2012. More than 50,000 people lost their jobs within one month, which translates that almost 1,200 working places were lost per day. And this during the summer period, when traditionally the …

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Greece’s Recession at 6.2% in 2Q 2012

Greece’s economy is as bad as experienced by millions of Greeks. According to data released by Greek Statistics Authority (ELSTAT) recession reached 6,2% in the second quarter of 2012. The news seems to confirm EU and IMF estimations that it would reach 7% in 2012.  “Greece΄s economy contracted 6.2 percent …

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Greece Breaks New Record. In …Unemployment!

Unemployment successfully managed to break a new record and climbed up to 23.1% in May 2012. According to Greek Statistics Authority (ELSTAT), unemployment in May 2012 rose to 23.1% from 22.6% a month earlier. In comparison unemployment was 16.8% in May 2011. The total number of jobless Greeks is 1,147,372 men …

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Greece Sinks in Recession: -6.5% in 1Q 2012

Statistics just confirm what everyone living in Greece experiences each and every day: That economy is deteriorating, that shops close down, people lose their work places,  consummers hardly spend a euro than to cover basic needs and citizens have no money  to pay taxes or even utilities. According to Greek Statistics Authority …

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Unemployment in Greece Breaks New Record : 21.9% in Mar 2012

Unemployment in Greece breaks one record after the other. According to Greek Statistics Authority (ELSTAT) unemployment reach 21.9% in March 2012, while it was 21.4% a month earlier and 15.7% in March 2011. The total number of unemployed is 1.075.081 people aged 15-74. In 2008 the number of unemployed was …

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Greece’s 2011 Budget Deficit at 9.1% of GDP

Battered Greece saw its budget deficit fall to 9.1 percent of gross output last year as severe austerity required to secure international aid bit into spending. Athens managed a 1.2 percentage point fiscal improvement compared with 2010 but its primary budget balance – which excludes debt servicing costs – has …

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ELSTAT: Greek Unemployment Hit 21% in Dec 2011

Unemployment in Greece is out of control as it breaks one record after the other. According to Greek Statistics Authority, unemployment reached 21% in December 2011 with the number of jobless Greeks exceeding one million people. In comparison, unemployment was 14.8% in December 2010 and 20.9% in November 2011. The total …

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Recession Deepens in Greece: -6.8% in 2011

Greek Statistics Authority (ELSTAT) tells us what we all know: that nothing moves in the economy of the country, with permanent income decreases and banks hardly giving a loan of 1 EUR to business and enterprises. Recession reached -6.8% in the whole of 2011, and it even reached 7% in …

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ELSTAT: Arrivals of Non-Residents Increased 10.4%

Time for some good news:  It looks as if more foreigners (non-residents) arrived in Greece in the period January-September 2011. There is a satisfactory increase in arrivals of non-residents from abroad to Greece, reaching a +10.4% in comparison to the same period of the previous year 2010. I do hope this increase doe …

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Greece: Unemployment at 17.5% – 20K New Jobless Every Month

I should have started this post with a sentence like “Shocking data” or “Dramatic increase” but I don’t. I am neither shocked nor surprised about the new unemployment rate. Greek Statistics Authority ELSTAT issued the new data for September 2011. Unemployment is at 17.5% which translates into 857,656 people without a …

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Greek Statistics Criminal Probe – ELSTAT Chief to Testify

We in Greece are used to read and write about cases dragged from week to week, from month to month and from year to year. Such a case is the allegedly falsified budget deficit of 2009, that was apparently revised upwards in order to force Greece to take harsh austerity measures. Last September …

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New “Greek Statistics” Scandal on the way?

Remember the Greek Statistics scandal where deficit was trimmed down? Allegedly there is a new scandal with Statistics when the deficit went … up, should we believe Zoi Georganta, board member of the Greek Statistics Authority (ELSTAT). Georganta and some other board members were sacked on Thursday by Finance Minister …

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Greek Statistics: Dramatic Decrease in Consumption!

This seems to be a day with lots of economy news. Bad news. Then the recession is digging deep in our lives. It’s just that the official data confirm our daily experiences. Greek Statistics  ELSTAT released data showing a decline at double-digit rates in sales and turnovers in retail trade. …

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