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Newsletter 328 - 18/02/2022
was looking at the possibility of making a one-off benefit payment to vulnerable groups before Easter... overperformance that will allow them to allocate roughly 300 million euros to the one-off benefit, like the one that was paid out to the same group of eligible low-income homes before Christmas. Aside from
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Some tasks, risks left as Greece takes another step to exit from post-bailout surveillance
EconomyProgrammeGreece has one more step to take before it completes its post-programme surveillance after... their intention to deliver all outstanding items by mid-2022. One more review is scheduled... around 18 pct from the 2030s. The most severe scenario is the one of lower growth in which the debt
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The Parable of the Populists and the Contemplatives
Agora, with its new high volume machine, uses as one of the inputs a nonrenewable resource—something that we... is beautiful, the big car is luxurious, and the standard of living is high, but there is one drawback... and residues from the disposals and garbage that has not been properly treated, and for which no-one has ever
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Newsletter 330 - 04/03/2022
conflict One week into the conflict in Ukraine, government officials have been trying to piece... will have to step in and support households and businesses. Already the authorities committed one more... billion euros in 2022. However, already more than one billion is committed in the first quarter
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Piraeus books losses of 3 bln as NPEs drop by nearly 17 bln
EconomyBankingand the NPE clean-up in the form of loan securitisations and sales. Excluding one-off items, the pre...) in 2021 was 1.59 billion euros, nearly doubling from the 809 million euros of 2020. Excluding one-off.... Impairment charges came to 4.3 billion euros, compared with 1.32 billion euros in 2020. One-off items
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Newsletter 333 - 01/04/2022
of more than one party. One interpretation for this comment was that it was an honest assessment from... by a one-off benefit to vulnerable households that starts at 250 euros, as well as a fuel subsidy for low
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Newsletter 336 - 06/05/2022
+’ with a stable outlook, just one notch from the investment grade, which the government has set as a national target to be achieved by the second half of next year. DBRS had also moved Greece to one notch from investment grade with an upgrade in March, while Fitch and Moody’s are now one and two
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Implementation snags hang over ambitious post-Covid recovery plans
PoliticsGreek Politicsa billion euros of spending on employment and roughly one billion euros of private investments... previously denied that there are any delays. Greece was one of the first EU member states to submit a plan... their cars less, while one in two agreed with fuel economy measures mooted in the media such as car-free
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PMI drops to lowest in more than a year at 53.8 pts, but manufacturing remains on solid ground
EconomyMacroeconomyGreece’s Manufacturing PMI dropped by one point in May to 53.8 points, according to S&P Global data released on Wednesday. May PMI is the lowest in more than one year, but still indicates solid..., with Greek firms recording one of the fastest price increases on record, due to pressures in input
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Early summer fire highlights precariousness of snap election option
PoliticsGreek PoliticsAlthough the cost-of-living crisis remains the number one concern for citizens and, therefore..., just 6 pct of respondents identified the climate as one of the three issues worrying them most... on the previous month, named inflation as one of their three biggest worries. This was followed by “national
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