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Newsletter 174 -14/09/2018
, after Greece has submitted its draft 2019 budget and before the revised version has to be tabled..., after April’s rise of 2 percent. Last year, the index remained consistently positive. Month-on-month... trip rose by 0.6 percent to 498 euros compared to 495 euros for the same time last year. 2
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Newsletter 197 -8/03/2019
, as well as the demand for a primary surplus of around 2 percent for the medium-term. He argued... oversubscription as offers reached 11.8 billion euros. Greek authorities had initially been looking to raise 2... servicing cost and smoothen the debt profile over the coming years. 2 GDP up by 1.9 pct in 2018 QoQ
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PDMA sets 2020 goals to build on improving conditions for debt
Economypercent from 2024 onwards, inflation at 2 percent, an average effective rate on the debt at 3.4... in the draft budget. It plans to reduce the stock by 4.4 billion euros. It provides two main financing.... In scenario 2, which includes early official sector repayment, the new transactions will come to 8
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Newsletter 242 -06/03/2020
overall for 2020, given that the budget for this year provides very little room to manoeuvre... saying that the MoF was waiting to see how events played out first. 2 Unemployment drops to 16.3 pct... to households and non-financial corporations rose by 2 percentage points to 4.36 percent in January
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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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