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Newsletter 277 -11/12/2020
borders than any European country. Mitsotakis blamed public laxity during the second lockdown... came to 1.3 percent for the year, lower than the average increase noted in 2018 which came to 7.6... by 1.04 bln month-on-month as debtors rise New tax debt totalled 4.94 billion, lower than the figure
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PM mulling reshuffle to get political project back on track in 2021
PoliticsGreek Politicsof deputy minister rather than minister. New Democracy’s opinion poll ratings have been slipping since... 2021 as a year that he can get his political project, based around business-friendly policies... than technocrats, into the cabinet as a way of strengthening the link between ministers
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Newsletter 190 -18/01/2018
if the party had less than five lawmakers. It is now expected that up to three To Potami deputies – leader... get implemented,” he said. The second post-bailout review is due to begin on Monday, and along... billion euros and was below target by 611 million. Monthly net revenues totalled 5.34 billion euros
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Newsletter 7 - 12/12/2014
of the presidential vote has two distinct advantages. By holding the ballots on December 17, 23 and 29, rather than... reaction to Samaras’s unorthodox move was less than overwhelming. Whereas earlier some Democratic Left... of September, that value stood at 17 billion and was still materially lower than the 22.5 billion
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Q1 GDP contracts 0.5 pct QoQ and 1.4 pct YoY, slightly worse than flash estimates
EconomyMacroeconomy. The headline figure is slightly worse than the 0.4 percent QoQ contraction in the flash estimates released... in Q4 2015. Today’s figure for Q1 is slightly higher than the -1.3 percent released in flash estimates... reflects a nosedive in disposable income by more than 30 percent. This is attributed to a sharp rise
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The IMF crisis and how to solve it
Agoraexperiment is revealing. None of the statements written by any European Director (other than Cyprus’s... that institutional biases are being tackled is to open up its kitchen to public scrutiny. Fund staff and real... is the perfect time for the Fund to open up its kitchen and show the world the ingredients that go
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Budget passed as govt pins hopes on vaccine rollout to get economy on track
PoliticsGreek Politicsas much as 5.5 billion euros this year, which would represent an increase of more than a third... their vaccination at one of the centres. The authorities are aiming to vaccinate more than 2 million Greeks... indicating that they will either not get the jab or will wait a few months before deciding. Along
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Current account deficit more than halves to 708 mln in March
EconomyMacroeconomyGreece's current account (C/A) deficit more than halved to 708.1 million euros in March from 1.48...’ deficit by 438 million and an increase in the secondary income surplus by 99 million. This more than... and a rise in the primary and secondary income balances by 487 and 170 million respectively more than
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Greek pensions laid bare
Agoraas a benefit for low-income pensioners rather than retirement pay, reached 721 million euros last year... paid in March with a cost of 277 million euros, which corresponds to an average supplementary pension of 169 euros. Extrapolating the March total pension figure of 2.35 billion euros, we get an annual
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Greek stocks remain flat during week, banks underperform
EconomyThe Greek equity market traded sideways amid muted sessions this week, ending flat compared to the previous week’s closing. S&P affirmed last Friday evening Greece’s ‘B-/B’ ratings with a stable outlook, reflecting its view that the government is meeting, albeit with delays, the terms of the third
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