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Come back Cleisthenes, all is forgiven
Agorahappened during his watch. In November 2008, just two months after the collapse of Lehman Brothers... billion euros, almost twice the projected amount for the entire year. At some point during... that estimated growth of 5.9 percent of GDP and a state deficit of 8.8 billion euros or 3.4 percent
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Growth, recovery, change and other words lost in the wind
AgoraUnable to devalue their currency during this crisis, eurozone policy makers have feverishly... cared to mention that it will take an estimated 20 years, with the economy growing at a galloping rate of around 4 percent a year, to generate the jobs that have been lost during the crisis
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Newsletter 10 - 09/01/2015
Greece joined the eurozone in 2002, including during the crisis years. In particular, deposit inflows... issues in the real economy and refinancing options for Greek banks on its agenda during meetings... tax obligations for the month, including an estimated 1 billion for road tax, and instalments
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Greece's fiscal, debt and funding goals as set out at Eurogroup
EconomyProgrammeEurozone partners during the last two Eurogroup meetings on February 11 and 16. We will examine some of the main economic parameters put forward by the Greek side during these discussions. In the first.... For 2015 in particular, Varoufakis said that the estimated privatisation revenues of 2.2 billion
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ELA funding up by 9.2 bln in June, banknotes in circulation reach all-time high
EconomyMacroeconomyreceived back in 2013 during their first recapitalization process and reflects the Hellenic Financial.... The figure for June withdrawals was revealed by ECB President Mario Draghi during a regular press..., that decision would trim the available ELA liquidity by around 15 billion on the estimated (until
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Tsipras seeks fair exchange with EU over migrant crisis
PoliticsGreek Politicsreaching Greece want to get to central or northern Europe. During his visit, Faymann offered to send... and create five “hotspots” across the country, where refugees can be registered. During his visit... of some 400,000 that are estimated to have arrived in Greece this year. Also, the EU’s border agency
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HFSF Q3 report shows 23 bln valuation losses in Greek banks
EconomyBankingeuros in the nine-month period. Overall, HFSF posted a loss of 8.89 billion during the nine-month.... During the 9-month period of 2015, the fund received a total amount of 208.7 million from the 12... billion are assessed as non-recoverable. The estimated recoverable amount stands at 2.26 billion
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Gov't unveils bill to overhaul pension system, increase income tax revenues
EconomyProgrammefor it to be voted on at the end of April or early May, although there could be amendments that emerge during... would be applied from the succeeding 3-year period until the end of May 2022. During a 4-year.... This is expected to replace the levy of 0.05 euros per column on OPAP games with estimated revenues
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Newsletter 73 - 13/05/2016
different during the Greek crisis? The question now is what lies ahead for Greece in political... chose to speak during the recent parliamentary debate on the pension and income tax reforms – worth... that are estimated to yield 2 percent of GDP and overall two-thirds of the required fiscal measures
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Inauguration of TAP pipeline project offers investment, diplomatic boost
PoliticsForeign Policy. The new pipeline is the biggest foreign investment in the country during the economic crisis. It is estimated at around 1.5–2 billion euros and foresees the creation of more than 8,000 jobs. The Greek.... The lack of cooperation and communication with neighbouring countries has left Greece isolated during
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