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Corporate, income taxes and VAT propel tax outperformance in July above 2 bln
EconomyMacroeconomyThe budget primary balance was confirmed at a surplus of 5.67 billion euros in July, compared to a surplus of 3.56 billion euros in the same month a year earlier, according to the final Finance Ministry (MoF) budget execution data released on Monday. Up...
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Wages index rises by 8 pct YoY in Q2, taking growth to more than 2 years
EconomyMacroeconomyGreece’s seasonally adjusted (SA) Wages Index maintained a solid growth trend in Q2, rising by 8 percent year-on-year (YoY), from 7.4 percent growth in the first quarter of 2024, Hellenic Statistical Authority (ELSTAT) figures showed on Thursday. The wa...
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Budget comfortably beats target up to Aug thanks to 2 bln excess taxes, 3.6 bln underspend
EconomyMacroeconomyThe budget primary balance was confirmed at a surplus of 7.57 billion euros in August, compared to a surplus of 5.6 billion euros in the same period a year earlier, according to the final Finance Ministry (MoF) budget execution data released on Wednesda...
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Deposits rise by 2 bln in Aug, reaching new recent high of 205.4 bln
EconomyMacroeconomyThe Greek banking system’s private sector deposits rose in August, with a net increase of 2.05 billion euros, after a drop of 1.15 billion euros in July, according to the latest Bank of Greece (BoG) figures released on Thursday. The annual growth in Jul...
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Greece's labour market is austerity's biggest casualty
Agoracomplicated by the fact that are they tightly linked with the old economic model in Greece. A model where... a wealth effect. Changing the economic model built up over decades does not happen overnight and while
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Of symmetry and adjustments in the eurozone
Agorareasons why an export-led model cannot work: The first is the many times recalled fallacy... on an export-led growth model Germany and Europe will be forced to rely on somebody else’s growth... model Europe would condemn itself to a secondary role. * Francesco Saraceno is Senior Economist
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The conundrum of Greek olive oil exports
EconomyFeaturesin Spain. But Greece’s olive oil export model is stuck in a rut. That’s because the vast majority... the mould of the current export model. The figures tell the story of how beneficial a change in strategy... model would increase efficiency, strengthen marketing and in turn help the branding of Greek olive oil
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Growth conditions improving but more work needed over longer term, PBO suggests
EconomyMacroeconomyagainst an import model driven by private consumption, since this is not a productive model and is too similar to the consumption model which was partially responsible for sparking the Greek economic
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Will the Covid-19 crisis undermine the EU Green Deal? A view from Europe's periphery
Agoraan environmentally resilient economic model; while creating green jobs across the EU by directing fiscal... model has been the design of financial tools to drive this transition, namely the EU Green Deal... model. Olivier Vardakoulias
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Survey shows investor interest remains solid
EconomyFeaturesfrom 69 percent to 52 percent in the last survey, adding to hopes that Greece’s economic model... production model based on the stimulation of industrial extroversion, the integration of digital technology, and innovation and placing the country more actively in emerging supply chains. “This new model
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