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Turkey: Multiple policy challenges from all directions
Agorarolling average of new cases is now over 53,000; it was around 9,300 on 1 March when the government... recorded in the country. The number of deaths has also risen sharply, by almost 50% since 1 April.... Earlier this week, Moscow decided to restrict flights to and from Turkey from 15 April to 1 June
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Common ground absent after latest round of Cyprus discussions
PoliticsForeign Policyof the island's 1960 independence, plus the UN. The new 5+1 meeting ended with no result and with the two... of the summer to hold another informal 5+1 meeting. Many already believe that a “make or break” conclusion..., and any solution should clarify issues related to autonomy in the decision-making process. The 5+1
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New cabinet meets with focus on fire fallout, policy roadmap
PoliticsGreek Politics. As of September 1, they have been suspended from work but the new minister said he is willing... 1. Plevris, who is already facing scepticism because of extreme views he has expressed on issues... for the supplementary pensions of new entrants into the jobs market from January 1. A new state body
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Piraeus records loss of 3.09 bln as aggressive NPE reduction carries impairments
EconomyBankingeuros securitisations of Phoenix and Vega in Q2 2021, 7 billion euros of Sunrise 1 in Q3 2021 and 3... Sunrise transformation plan, which is due to be concluded with 1 billion euros of Sunrise 3 in early... in Q2. Tier 1 ratio was 11.7 pct and 13.2 pct pro forma. The total capital ratio was at 14.4 percent
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Inflation to persist, creating more economic policy challenges
EconomyMacroeconomynot changed its inflation estimate for this year, which had a GDP deflator of 1 pct and a harmonized... to circa 1 pct of GDP, from roughly 7 pct last year. The latest package announced for energy subsidies..., at least into February. Since September, the authorities have committed more than 1 billion euros
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Newsletter 328 - 18/02/2022
Democracy leader also trailed a generous rise to the minimum wage from May 1, although he did not speculate... the 2 percent increase adopted on January 1. On the pandemic, the PM said he expects that the situation... inflation of less than 1 pct in the final budget submission. Real GDP will be lower as it will have
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Tailor-made Maastricht criteria for Greece?
Agora1995-2021, compiled by Eurostat, for the EU27 as a whole and for Greece (Table 1). Growth and inflation..., are likely to be around ¾ percent a year on average (a baseline scenario).[1] We assume that the ECB... is senior policy advisor at ELIAMEP. [1] The demographic and productivity calculations were done
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Newsletter 359 - 18/11/2022
’s voting intentions, support for New Democracy has dropped by more than 1 percentage point since..., it will grow by just 1 pct, mostly due to tighter monetary conditions, and ongoing loss of disposable... challenging from next year as Greece has committed to delivering a primary surplus in the region of 1
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Public debt records back-to-back quarterly drops, falling to 393.49 bln in Q3
EconomyMacroeconomyshort-term (up to 1 year) and medium-term (1 to 5 years) debt accounted for 16.2 percent and 10.3 percent respectively. Greece’s cash deposits increased by roughly 1 billion euros to 18.13 billion.
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Newsletter 371 - 24/02/2023
has risen by 1 percentage point to 25.1 pct. Third-placed PASOK has largely paid the price for this apparent rallying of the vote as its support dipped by almost 1 point to 9.8 pct. The undecided voters... back-to-back record years. In 2015, FDI was just above 1 billion euros. PwC presented its annual
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