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Wages index hits record high YoY rise of 7.9 pct in Q4 2025
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Budget primary surplus at 3 bln in Feb as tax performance moderates
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Energy keeps import prices in contraction for Jan with 4.6 pct YoY drop
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Car sales rise by 4.9 pct YoY in Feb
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Electricity and manufacturing drive 5.3 pct YoY rise in industrial production for Jan
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Fuels at forefront of sharp drop in exports in Jan, trade deficit at 2.81 bln
Stournaras presents debt relief plan with maximum benefits for Greece, minimum cost for lenders
During a speech at the Delphi Economic Forum on Saturday, Bank of Greece (BoG) governor Yannis Stournaras presented the outcome of an exercise conducted by the central bank showing that mild debt relief in the form of smoothing interest payment for EFSF loans coupled with a primary surplus of 2 percent of GDP as of 2021 is consistent with Greece’s debt sustainability.
The second scenario (baseline low surplus) assumes a primary surplus of 3.5 percent of GDP only in the 2018-2020 period, which falls to 2 percent of GDP thereafter.
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