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Early rounds of talks with lenders focus on possible prior actions
EconomyProgramme. These measures involve: 1) Changes in the laws for hirings in the public sector, settlement of tax arrears... studies. 3) Abolition of tax breaks for farmers, including the reduction by 50 percent of the subsidy... in the national health system (ESY). Media reports also indicate that recession may reach 3 percent this year
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Newsletter 423 - 17/05/2024
for SYRIZA, 3 for PASOK, 2 apiece for Communist Party KKE and Greek Solution, 1 for Course for Freedom and 1 for New Left. According to the latest opinion poll by Interview for the Politic.gr website... Party (KKE) follows on 6 pct. The figures suggest that ND will elect 7 to 8 MEPs, SYRIZA between 3
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Newsletter 432 - 06/09/2024
spending to 3 percent of GDP, or 3 billion euros. This amount has already been parcelled out to boost spending on health and education to the tune of 1 billion euros, pension increases which will absorb another 1 billion euros, and defence procurement. The Finance Ministry is hoping that the European
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OECD sees more growth, falling unemployment in Greece
EconomyMacroeconomyconsumer price index is anticipated to peak to -1 percent in 2014 easing to -0.6 percent in 2015... to remain in surplus over the 3-year period at 1.2 percent of GDP in 2014, 1 percent in 2015 and 1.8... (from 26.7 percent) in 2015. An additional drop of 1 pp to 24.1 percent is projected for 2016
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Minor uptick in time deposit and average loan interest rate in June
EconomyMacroeconomyGreek households’ new time deposit rate edged up by 1 basis point (bp) to 0.86 percent in June from... the weighted average rate on total new deposits eased by 1 bp to 0.42 percent, which represents a new record low since Greece’s euro accession in 2002. Loans Corporate loan rates for amounts less than 1 million
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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... price index is seen at 5 pct, a significant revision from the 3 pct seen in the draft budget
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Tracking Greece's fiscal performance
Agora), then the nominal rate would amount to some 3½ percent, instead of the current 1.3 percent.[1] This would mean... time. 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
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Where are the Conservatives?
Agora, in the EU sample is 22 members.[1] This means that Greece has a cabinet that is 3 times larger than... (only members with “cabinet authority”). A sample is presented in Table 1. This is not a scientific... (countries are organized differently), but the broad outlines are nevertheless instructive. 1
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Draft 2023 budget sees growth cooling to 2.1 pct, primary surplus at 0.7 pct
EconomyMacroeconomy. The harmonized inflation index is seen at 8.8 pct in 2022, dropping by roughly one third to 3 pct in 2023... 54.61 billion euros. This outperformance is attributed to higher indirect taxes by 3 billion euros... of higher transfers of 3 billion euros and other investment related spending and energy crisis
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What is the state of play with Greek banks?
Economyof their capital base was at high levels, with Alpha and Piraeus EBA core Tier 1 ratio (at the end... at the end of August. A further reduction of new production well below 3 percent and the consequent gradual repricing of the total book close to 3 percent are anticipated to fetch some 900 million euros
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