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Draft budget maps out narrow fiscal path for coming years
EconomyMacroeconomymoderated but is still prevalent in Greece at around 3 pct. This, combined with the government’s... 2 pct of GDP and the new SGP rules that is designed to place caps on primary spending, they have
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VAT and income tax boost revenues, budget underspend at 4.25 bln in Sep
EconomyMacroeconomyin September 2023. The overall balance is better than the target by 3 billion euros. Revenues Net revenues... of the transfers to SSFs by over 2 billion and non-allocated expenditure that is 1.37 billion euros below
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Little common ground found in Gerapetritis-Fidan meeting, but talks to continue
PoliticsForeign Policy. In the meantime, on December 2 the two deputy Foreign Ministers Alexandra Papadopoulou and Memet Kemal... round of discussions on the so-called “positive agenda” is to take place next day, on December 3
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EC keeps growth estimates broadly unchanged, fiscal outlook improves markedly
EconomyMacroeconomyis not seen meeting the ECB objective before 2026, expected at 3 percent this year and 2.4 percent in 2025, falling below the 2 percent threshold in 2026. In the estimates in May, inflation for 2024
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Athens and Ankara keep eyes on domestic audiences as talks continue
PoliticsForeign Policyin Athens which will focus on the political dialogue (December 2) and on the positive agenda (December 3) and the new meeting with his Turkish counterpart, Hakan Fidan. The meeting with Fidan
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Mitsotakis moves to quash polls speculation in aftermath of Samaras ouster
PoliticsGreek Politics, would not make the cut, while Varoufakis’s MeRA25 is on the cusp with 3 pct. The poll also projects 2 pct for the Spartiates, the Golden Dawn successor party that was barred from running in the last
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BoG sees sustained growth and progress, but challenges require policy drive
EconomyMacroeconomyimports. Inflation dropped to an average of 3 pct in 2024 (from 4.2 pct in 2023), driven by declines..., declining further toward the ECB’s 2 pct target by 2026. Core inflation, led by non-energy industrial
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Trade deficit jumps 18.7 pct YoY in Nov, 11M deficit at 31.51 bln
EconomyMacroeconomyeuros. Imports rose by 3.9 percent, while exports dropped by 3 percent. Excluding the value of oil... billion euros, and non-EU exports were up by 2 percent at 20.54 billion euros.
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Debt position a bulwark against global turbulence
EconomyMacroeconomy, with the German Bund at 2.6 pct, from roughly 2 pct at the start of December and the French 10-year benchmark... yield stands at 3.4 pct, from under 3 pct in mid-December. It is precisely for this type of global
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Newsletter 448 - 24/01/2025
Democracy MPs, plus up to 3 additional votes from independents, including former PM Antonis Samaras... dividendsThe Greek government’s economic narrative, built around growth that exceeds 2 pct
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