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Stournaras presents debt relief plan with maximum benefits for Greece, minimum cost for lenders
EconomyMacroeconomyrelief in the form of smoothing interest payment for EFSF loans coupled with a primary surplus of 2... primary surplus of 2 percent after 2018, extension of all eurozone loan maturities by 20 years... surplus of 3.5 percent of GDP until 2027 and gradual decline to 2 percent of GDP until 2037. The second
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Newsletter 110 - 10/03/2017
. It appears, for instance, that the Greek side has accepted the pre-legislation of 2 percent of GDP (3.6... payment for EFSF loans, coupled with a primary surplus of 2 percent of GDP as of 2021, is consistent... of measures, with the IMF demanding interventions worth 2 percent of GDP, counter-measures and labour market
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Newsletter 115 - 21/04/2017
for three or four years after the end of the programme in 2018, before it is lowered to around 2... forecasted a 2 percent of GDP primary surplus that year, which is substantially below the 3.5 percent target... to 2 percent (from 1.6 percent). However, the Fund estimates a lower primary surplus of 1.5 percent
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Piraeus posts 7 mln net profit in Q2, NPE stock down for seventh straight quarter
EconomyBanking, collections and liquidations (4.4 billion) and selected sales (2 billion). P&L NII remained almost... by the impact of asset deleveraging. Fees increased by almost 2 percent QoQ to 82 million, while the top-line benefitted from other income of 37 million in Q2 from -2 million in Q1, largely due
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GDP up by 2.3 pct year-on-year in Q1 on strong export growth
EconomyMacroeconomypercent year-on-year (YoY) after upwards revised growth of 2 percent in Q4. The GDP movement in Q1... upwards revised growth of 2 percent in Q4. The headline GDP growth on an annual basis is the highest...) revised Greece’s growth from 2.6 percent in 2018 to 2 percent. The forecast for 2019 was also
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Newsletter 166 -15/06/2018
of maturities will be set at 15 years but will be reduced by 2 years for each 5 billion euros... 21 when there is a Eurogroup meeting.” . 2 Hirings balance positive by 108,725 in May New record high... 68.4 percent in Q1, declining for a second consecutive quarter. Wages index rises by 2 pct in Q1
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GDP falls by 0.7 pct QoQ in Q4 and increases by 1.9 pct in 2019
EconomyMacroeconomyjust short of the Ministry of Finance’s (MoF) final budget estimate of a 2 percent rise for 2019...’s GDP was expected to grow by 2 percent in 2019 and by 2.8 percent in 2020. The IMF meanwhile anticipated growth of 1.8 percent in 2019, followed by 2.3 percent in 2020 and 2 percent in 2021
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General govt primary cash deficit of 1.85 bln in Apr as revenues decline
EconomyMacroeconomy(including tax refund arrears) fell by 2 million compared to March and came to 2.40 billion. Month... (-3 million each). Extrabudgetary funds fell by 2 million euros, while rises were noted in tax refunds (+16 million) and SSfs (+2 million). Since the start of the year, total arrears have fallen
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Does the EU Commission suffer from optimism bias? (Part 1)
Agoraand why these differences are important for policy interpretation. In part 2 of this blog, we will call.... Real GDP is the product of labor input and average labor productivity (Q = L *(Q/L)). Figure 2 shows..., and a bigger labor force, hence delivering higher employment throughout the future years (Figure 2
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Newsletter 415 - 08/03/2024
, as the momentum from the pandemic recovery started to ease, GDP recorded growth rates of 2 pct, 2.7 pct..., growth of 2 pct that outpaces the EU and the eurozone almost four times can hardly be considered... between 2 and no more than 2.5 pct. Once again, fixed capital formation is expected to grow by more than
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