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Greek fiscal deficits and debt since 2000
Agora. There are other operations (Table 1 below) that can change the stock of debt without affecting... overall debt and, beyond debt, the state’s net worth.[1] Data in the general government bulletin... for the period 2000-2020 to see if these numbers tell us a plausible story. Table 1 summarizes
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Public sector capital stock in Greece and the Euro-19
Agorain fixed capital stock is important for the wellbeing of all citizens. Figure 1 below shows two lines... spending in the economy as a whole.[1] Benchmarking. Similar calculations of the size of a public sector... to Debt Sustainability" published in 2020. Jens Bastian is senior policy advisor at ELIAMEP. [1
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Newsletter 335 - 15/04/2022
taxes were rising by a rate of 1 billion euros monthly. It was always a concern that households.... Health Minister Thanos Plevris announced that from May 1 vaccination certificates will not be needed... will be able to operate at full capacity. From June 1, masks will not have to be worn indoors
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Newsletter 349 - 02/09/2022
, bringing the ruling party’s backing down to 31.4 pct. Support for SYRIZA has edged up by almost 1 point to 25.1, while PASOK saw an increase of 1 point to 12.1. There was little change among the other... of the Transition Fund are not expected to exceed 1 billion euros in September, which means that the state budget
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Reflections on Greece's balance of payments
Agoraof payments.[1] We can also say that Y - C = S: income minus consumption equals “savings” in the economy... to the balance of payments. This institution was called the “International Monetary Fund.” Figure 1 below.... The solid line repeats the current account balance from Figure 1. The dashed line shows the government
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Does the EU Commission suffer from optimism bias? (Part 2)
Agoranotes that our first responses to stimuli are often heuristic and superficial. This is System 1, or “Fast Thinking,” based on instincts and emotion. System 1 has evolved for survival and immediate..., then the subsequent revisions will likely be revised downwards over time. Figure 1 is a plot of five
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Macroeconomic fundamentals for Greece
Agora(2020-2029)? Demographics. To answer this question, let us start with Figure 1. Data are from the UN’s most... of the 2020s (Table 1). Until around 2025, the cyclical recovery is overriding the demographic anchor... that is consistent with this debt commitment amounts to maximum 1.5 percent of GDP.[1] Greece receives a large
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Where is Greek growth coming from?
Agorathree stages for the Greek economy. 1) The collapse of activity between early-2009 and mid-2013..., which drives aggregate demand.[1] Aggregate supply can be captured by two numbers: how many new workers... of qualified labor already, and demographics are adverse). If employment can grow by another 1
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Central government debt rises to 403.2 bln in Q2, cash reserves near 42 bln
EconomyMacroeconomyGreece’s central government debt recorded a rise of roughly 1 billion euros to 403.2 billion euros... (over 5 years) debt made up 73.4 percent of the total, while short-term (up to 1 year) and medium-term (1 to 5 years) debt accounted for 16.5 percent and 10.1 percent respectively. Greece’s cash
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BoG provides insight into Greece’s housing affordability problem
EconomyFeatures% of disposable income dedicated to loan payments. An index value of 1 or higher indicates affordability, while a value below 1 suggests the market is unaffordable for the median household... neighbourhoods of the wider Municipality of Athens (2nd–7th districts), the index is above 1, suggesting
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