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Greece clinches attractive yield for 7-year bond amid testing conditions, diminished interest
Economycrisis by issuing a 7-year bond that raised 2 billion euros. The issue came during a challenging... managed to attract enough offers at reasonable rates to raise 2 billion euros at a reoffer price... of 263.4 basis points. Greece’s new issue matures on the 22nd of April 2027 and has a coupon of 2 pct
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Newsletter 249 -08/05/2020
every 1 to 2 weeks. As things stand, Greeks are not able to leave their regions but the government aims... cost comes to 6.5 percent of GDP. The budget of the Finance Ministry was accordingly raised by 5 billion euros on April 2, following the Eurogroup decision to waive the fiscal targets of the post
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GDP falls by 14 pct QoQ in Q2 and by 15.2 pct YoY to reach historic low
EconomyMacroeconomyby 2 percent QoQ, while gross capital formation also fell by 4.5 percent compared to Q1. Imports.... Investment As mentioned, in Q2 gross fixed capital formation fell by 2 percent QoQ and by 10.3 percent YoY...’s GDP, a contraction of 4.7 percent is expected in 2020 compared to an estimated 2 percent GDP
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The case for a general government balance sheet
Agoraand 2 illustrate balance sheet data in more detail. Figure 1 above captures for Greece and the Euro-19... to a more detailed look at the balance sheets in Tables 1 and 2. The balance sheets reflect the data... the voters need to see and understand what politicians do with their tax money. The capital budget
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Newsletter 387 - 30/06/2023
to reach pre-pandemic levels. The budget is also continuing to send encouraging signs, with a tax outperformance of 2 billion euros up to May thanks to VAT and income taxes beating targets. However... dropping below 2 pct, it might struggle to continue pushing back on that front and fiscal space might get
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PBO sees normality returning, but inflation will have multifaceted effects
EconomyMacroeconomyThe Parliamentary Budget Office (PBO) published its latest quarterly report on Tuesday in which... by 10 pct, stemming from the withdrawal of support measures; and an increase of public spending by 2... growth of 2 pct. The 2 pct rise in handout spend will push up GDP growth by a negligible effect
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IMF forecasts high primary surpluses, tempers growth expectations
EconomyMacroeconomy. In the World Economic Outlook (WEO), real GDP growth is seen at 2.5 pct this year, slowing down to 2 pct... authorities presented in the draft budget of 2024. The longer-term outlook remains very tame... pct in 2023. On the fiscal front, the primary balance is expected to double next year to 2 pct of GDP
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Perceived corruption in Greece wanes but remains above global average
Societyimprovement last year compared to 2018. The organisation has a presence in over 100 countries and works... for highly corrupt to 100 for highly clean. Greece’s score in the 2019 report was 48 out of 100... surveyed in the latest report was 43 out of 100, leaving Greece with a slightly above average score
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Nobody has less confidence in their government than the Greeks, OECD finds
Societygovernment powers and fundamental rights are least guaranteed. 2) Size of civil service..., Greece spent 11.6 percent of its budget on healthcare, compared to an OECD average of 14.5 The gap was even wider when it came to the education budget, which was 7.9 percent of general government
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Greece's new finance minister lines up for a marathon (and several short sprints)
PoliticsGreek Politicsto miss their targets. Eurobank said revenues would only be in line with the budget if there is a widening.... The budget execution so far shows a primary surplus of 1.05 billion euros to April..., the official sector projects Greek unemployment will ease by at least 1 pp this year and a further 2 pp
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