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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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Newsletter 261 -07/08/2020
. Expenditure rose by 1.11 billion euros (+3 percent YoY) to stand at 38.09 billion euros. The main driver...), subsidies (-194 million)and interest paid (-3 million). Arrears to the private sector (including tax refund...) and SSFs (+1 million). Drops were seen in tax refunds (-91 million) and state budget (-3 million
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Draft budget sees EU funds fuelling recovery of 7.5 pct in 2021, after 8.2 contraction this year
EconomyMacroeconomyto September this year, it would shave off 3 percentage points of the growth to 4.5 pct, with a fiscal impact of 2 percentage points, leading to a primary deficit of 3 pct of GDP. Fiscal On the fiscal... insurance contributions by 3 percentage points will have a fiscal impact of 816 million. Abolishing
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The allocation of labor resources in Greece and the EU-27
Agoradriving this process is the political system. This leads us to Figure 3 (above). Figure 3 shows which.... But this belief is not backed-up by the reality on the ground. Figure 3 shows that ND increased employment
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Productivity developments in the Greek public and private sector
Agora. But the trend line highlights that the downward trajectory started years before Covid-19 struck. Figure 3... and productivity growth.[3] These reforms are as important in the product markets as they are in the labor markets... technical challenges in measuring government productivity. [3] The Pissarides Report (led by Nobel
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The case of SYRIZA's fiscal performance
Agora—cautious management to keep the primary balance strong (3 percent of GDP surplus on average) and renewed... distribution towards higher-income earners.[3] One new element in the mix is that Greece has submitted... remarkably under the SYRIZA government. [3] See for instance, the paper, published by LSE’s
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Polls boost for KINAL after leadership vote, as Androulakis rolls out key appointments
PoliticsGreek Politicsdropping almost 3 percentage points from 36.7 pct to 33.8 pct, while SYRIZA remains stable at 23.5 pct... has dropped 3 percentage points since the start of the year. Androulakis gets the approval of 42 pct... a more significant shift in voter preferences. However, the 3 percentage-point drop will be a wake-up
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Public sector capital stock in Greece and the Euro-19
Agorabetween 40-60 percent of real GDP.[3] Some countries have higher calculated capital stocks, which... in Europe: a model-based assessment. ECB Working Paper 2021, February 2017. [3] The ECB Working Paper referenced in footnote 3 has a somewhat wider range from 30-60 percent of GDP. [4] See “Making Public
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Where is Odysseus? Part 5 - Productivity
Agoracalculate the path for real GDP per person employed. That is average labor productivity. Figure 3 presents... productivity (in most countries), whereas the private sector tends to have higher productivity.[3] Thus... downward to 3.2 percent from 3.8 percent. [3] Real gross value added per employed person (ref. prices
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Piraeus Bank reports 614 mln profit in H1 after NPE de-risking drive in 2021
EconomyBankingof 2.45 billion euros last year, due to 3 billion euros in clean-up impairments in H1 2021. In H1... codenamed Sunrise 3 and Solar, of 500 and 300 million euros respectively are on track to be completed... million last year. Impairment charges came to 269 million euros, compared with 3 billion euros in H1 2021
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