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Trouble from Turkey prompts plans for extra defence spending after years of cuts
PoliticsGreek Politicson the purchase of two Belharra-type intervention frigates. No order has been placed with France’s Naval..., this stood at 2 pct, which was still in line with the level agreed by NATO member states in 2014. Even at 2 pct, spending was much higher than the EU28 average in 2018, which stood at 1.3 pct
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Newsletter 446 - 10/01/2025
the tone on January 2 by submitting a parliamentary question for Mitsotakis on the problems faced... in the eurozone markets, with the German Bund at 2.6 pct, from roughly 2 pct at the start of December... for this type of global uncertainty that we have been arguing that Greece’s debt position
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Newsletter 454 - 07/03/2025
factors. It is precisely for this type of situation that, as we have previously highlighted, Greece's... for France and 3.92 pct for Italy, compared to 2 pct, 2.9 pct and 3.2 pct respectively in December... performance is structural and could be repeated in 2025, leading to a primary surplus of over 2 pct
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Debt position provides protection against global turbulence
EconomyMacroeconomyof interrelated factors. It is precisely for this type of situation that, as we have previously highlighted... pct for France and 3.92 pct for Italy, compared to 2 pct, 2.9 pct and 3.2 pct respectively... fiscal performance is structural and could be repeated in 2025, leading to a primary surplus of over 2
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Public sector capital stock in Greece and the Euro-19
Agoracapital stock have been done for OECD countries and a number of emerging and developing countries.[2.... The figures above begin with an assumed net capital stock of 50 percent of GDP in 1995 (in the middle... capital stock in real terms. Figure 2 shows the results for the balance sheet of a net nominal
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Newsletter 334 - 08/04/2022
for April shipments in rubles. DEPA Commercial, which receives 2 billion cubic metres of natural gas... a fall of 2 points in the overall satisfaction levels with the centre-right administration compared... rising by 50 dollars/barrel, global food prices increasing by 50 pct, natural gas jumping by 100 dollars
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Moody's upgrading Greece to investment grade puts an end to painful 15-year cycle
Economydigitalisation strategy. In 2024 alone, anti-evasion measures yielded an extra 2 billion euros in tax revenue... to maintain primary budget surpluses of 2–2.5 pct of GDP through the medium term. Greece has also consistently met NATO's 2 pct of GDP defence spending target, avoiding the need for major new defence
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PMI above 50 points in Dec for first time in 16 months but underlying problems remain
EconomyMacroeconomyGreece’s Manufacturing PMI edged over the 50-point mark, which separates growth from contraction, and reached 50.2 in December from 48.1 in November, Markit’s survey showed on Monday. The December headline figure signaled a return to growth for the firs...
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PMI at 55 pts in March, slowing from Feb but above 50 for tenth month
EconomyMacroeconomyGreece’s Manufacturing PMI dipped by 1.1 points to 55 in March, the tenth consecutive reading above the 50-mark threshold. Although remaining positive, the index declined against the figure for February, which at 56.1 points, represented the highest rea...
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Producer prices rise by 26.2 pct in Nov, up by almost 50 pct since 2021
EconomyMacroeconomyThere was another drop in the pace of Greece’s Producer Price Index (PPI) in November, rising by 26.2 percent year-on-year (YoY), after a 35.4 percent increase in October, ELSTAT data showed on Friday. The index was in negative territory for most of 202...
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