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About last night
Agorabeyond 3 years and wanted a link between how much would be disbursed in the last tranche for the cash.... It seems that instead, eurozone finance ministers opted for an amount of roughly 3 billion euros... of sustained fiscal savings, running deficits that average 3 percent over the last 70 years
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No imminent decision on pension cuts as Athens moves ahead with minimum wage increase
EconomyProgrammethe Eurogroup meeting on December 3. Until now, it had been thought that a decision might be made... it has to reduce pension spending by 1 percent of GDP in 2019 until December 3. The reason given..., by the time the December 3 Eurogroup is held all the pieces will be in place for eurozone finance
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Mitsotakis on offensive over Macedonia name deal after Zaev comments
PoliticsGreek Politics.” Bosnjakovski has also noted that “we want to underline article 4(3) of the Prespa agreement that we... it to be of “a Slavic origin.” He also stressed article 4 (3) mentioned on Tuesday by Bosnjakovski... to the proposed amendment of Article 49 (3) that refers to “Macedonian people living abroad”. The Greek minister
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PDMA sets out plans to build on recent market forays with bond issues in 2019
Economyissued a new 5-year bond of 3 billion euros with the yield settling at 4.625 percent.... The last market access was in February this year, with the issuance of a 7-year benchmark of 3... to issue between 3 and 7 billion euros of benchmark bonds in 2019. Also factored in are 1.2 billion euros
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General govt primary cash surplus at 2.91 bln in Feb, arrears rise by 83 mln
EconomyMacroeconomythe biggest decline (-26 million) followed by tax refunds (-26 million) and state budget (-3 million.../ESM/IMF loans edged up very slightly by around 3 million euros, and represented around 70.5 percent of the total debt. In the other underlying subcategories, T-Bills edged down by 3 million to 15.28
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Mitsotakis pleads for strong mandate as polls suggest ND heading for landslide win
PoliticsGreek Politicsis also targeting Greek Solution because if the fledgling party fails to pass the 3 percent... finance minister Yannis Varoufakis, are right on the 3 percent threshold for gaining seats in the next... on 3.5 and Greek Solution and MeRA25 both on 3 percent again. Public Issue sees 40 percent
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Hotel owners sound warning over Thomas Cook revenue losses
EconomyFeatureswere 1, 2 or 3 star establishments, 32 percent were 4 start and 21 percent were 5 star. The lower.... Specifically, the amount of turnover generated via Thomas Cook for 1, 2 and 3 star hotels came..., while those with 2 stars faced a loss of 58 percent. Hotels with 3, 4 and 5 stars faced losses of 39
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Newsletter 245 -27/03/2020
Staikouras, admitted that Greece is on course for an economic contraction of 1 to 3 pct this year due... problems and only 3 percent expected the epidemic to have no lasting impact on their business... outflows of 349 million euros in January. Loans to sole proprietors edged down by 3 million euros while
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Greece braces for recession, hopes to bounce back from summer onwards
Economyadmitted that Greece is on course for an economic contraction of 1 to 3 pct this year due to the virus... losses to exceed 3 billion euros. With city hotels already shut, resorts will soon face the challenge... primary surplus, of close to 3 pct of GDP, in the coming years to bring down its debt following
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General govt primary cash deficit at 5.48 bln in June as tax revenues fall
EconomyMacroeconomyof 71 million euros. Expenditure rose by 1.11 billion euros (+3 percent YoY) to stand at 38.09... and services (-201million), subsidies (-194 million)and interest paid (-3 million). Arrears Arrears...) and state budget (-3 million). At 31.2 percent of the total, hospital arrears make up the majority
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