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Newsletter 135 - 13/10/2017
percent in 2018, after which growth drops and is estimated to reach 1 percent in 2022, according.... According to the IMF, the number of pensions will increase at around 1 percent per year. Greece predicts... by 1 pct in September Headline figure represents ninth consecutive rise after four years
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Piraeus Bank posts net loss of 19 mln euros in Q3, NPEs continue to fall
EconomyBanking(PPI) improved by 1 percent quarter-on-quarter (QoQ) to 294 million in Q2, mostly due to other income. Net interest income (NII) fell by 1 percent to 431 million euros QoQ, while operating expenses declined by 1 percent also. The results were largely in line with those of industry analysts. Asset
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Tsipras confirms Parliament will probe contentious Novartis bribery claims
PoliticsGreek Politics. The committee will have 21 members (10 SYRIZA, 5 New Democracy, 1 PASOK, 1 Golden Dawn, 1 KKE, 1 ANEL, 1 Union of Centrists & 1 To Potami), with the governing coalition being represented by 11 MPs, who
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Public sector staff trends survive MoU exit, change of government
Societystable At the end of the adjustment programme, Greece committed to a replenishment ratio of 1:1... the ratio had been as low as 1:5 (one hire for every five departures), transitioning to 1:3 in the final... the creation of new permanent posts outside the 1:1 ratio on the basis that they would result
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Piraeus announces transformation plan amid 2020 loss of 662 mln
EconomyBankingof progress in its 1 billion-euro share capital increase and a transformation plan, including new..., compared with a loss of 1 million euros in Q3. The bank’s loss for the whole of 2020 compared... expired, reducing active moratoria to about 1 billion at the end of the year. The bank said
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The allocation of labor resources in Greece and the EU-27
Agoradestruction.”[1] The public sector never goes out of business, no matter how inefficient it is. If it runs... then plotted an index (2001-Q1=100) for employment in the public and private sectors. Figure 1... employment has grown or declined in the public and private sectors since early 2001. From figure 1
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The quarterly national accounts from the income side
Agorapartner countries.[1] This suggests three things: 1) Keynesian policies work (when the private sector... the basis for real GDP from the production side (Table 1). Since all the goods and services... is labelled GDP from the income side. All three forms of adding up GDP (supply, demand, and income; Table 1
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Where is Odysseus? Part 3 - Participation
Agorais described in a book on the macroeconomy of Greece.[1] But, shortly underway, the Covid-19 pandemic... population (the “active” population vs the “inactive” population). Figure 1 below sets the stage... for the EU27 as a whole (the dotted line in figure 1). Here we see that the average EU27 PR
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Budget sees Greece outdoing peers with 1.8 pct growth, 0.7 pct primary surplus in 2023
EconomyMacroeconomyseen in the draft budget last month, and ahead of the recent forecast by the European Commission of 1... by 1.5 pct, after rising by 0.2 pct in 2022. Exports growth is also at a moderate 1 pct, after a 9.7... billion euros, in 2022. Interest payments increase by 1 billion euros, to 6.13 billion euros, or 2.7 pct
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Tracking Greece's fiscal performance
Agoratime. Figure 1 shows the overall fiscal balance over 10 years through 2022-Q2 as reported by two key... are calculated on what is called a “modified cash basis,” the dashed line in Figure 1. This means... at the time when these have an economic impact (solid line in Figure 1), even if the budget cash impact
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