Building activity slows in Nov as permits contract by 1.2 pct YoY
Sentiment falls sharply in Feb, consumer confidence continues to slide
Credit expansion slows in Jan with 2.73 bln outflow
Jan sees sharp drop of 5.24 bln in deposits, led by corporations
Budget starts new year on track, timing factors lead to 1.16 bln outperformance
Record year for tourism in 2023 with 20.46 bln in receipts, 32.74 mln visitors
Greece's fiscal path becoming clearer; sizeable adjustment lies ahead
After two years of fiscal relaxation across the eurozone thanks to the activation of the escape clause, allowing fiscal rules to be eased so governments could cushion the blow of the pandemic, Greece’s future fiscal path started to take shape over the last few days.
The country’s fiscal commitment was defined at the end of the third programme in 2018 and was incorporated into the Greek debt sustainability analysis (DSA) that was carried out by the European Commission soon afterwards.
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