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EP president visit and winding up of rail crash inquiry cast spotlight on rule of law concerns
PoliticsGreek PoliticsAn official visit to Athens by the President of the European Parliament Roberta Metsola gave Prime Minister Kyriakos Mitsotakis an occasion to hit back at the recent resolution passed by European lawmakers expressing concerns about the rule of law in Gr...
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Greek QE eligibility? We're not there yet
AgoraFollowing the European Central Bank’s governing council meeting on Thursday, Mario Draghi provided... funding. Draghi confirmed that the ECB insisted during the last Eurogroup on August 14 that any bail... as counterproductive for the economic recovery as well as harmful for the Greek economy. However, Draghi
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Budget deficit of 6.38 bln in Aug confirmed; target beaten due to one offs
EconomyMacroeconomyThe budget primary balance was confirmed at a deficit of 6.38 billion euros in the first eight months of 2021, compared with a deficit of 5.48 billion in the same period last year, the final Finance Ministry (MoF) budget execution data showed on Monday....
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VAT and income taxes buoy revenue performance as primary surplus target is beaten in Sep
EconomyMacroeconomyThe budget primary balance in September was confirmed at a surplus of almost 6 billion euros, compared to a surplus of 52 million euros in the same month of 2022, according to the final Finance Ministry (MoF) budget execution data released on Wednesday....
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ECB increases ELA limit for Greek banks in first positive signal since referendum
EconomyDuring a regular press conference on Thursday, European Central Bank President Mario Draghi.... This series of developments have now restored the conditions for a rise in ELA, Draghi stressed. At the same time, Draghi said that deposit outflows in Greece reached 8.1 billion euros in June
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Why tax evasion threatens to become endemic due to how Cyprus was bailed out
Agorato personal income statements; yet this needs to be stepped up and integrated with in situ raids
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Credit contraction decelerates to 0.9 pct in April, net additions climb to 659 mln
EconomyMacroeconomy. The positive flow in April is almost entirely attributed to corporate sector net additions of 763... positive for the third successive month, with net additions climbing to 763 million in April
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Newsletter 269 -16/10/2020
shows deficit of 7.01 bln September figures show decline in revenues On a monthly basis, net revenues... primary balance recorded a deficit of 7.01 billion euros in the first nine months of 2020, compared
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Newsletter 271 -30/10/2020
at 7.01 bln September figure confirmed as missing target by 9.58 billion euros The budget primary balance recorded a deficit of 7.01 billion euros in the first nine months of 2020, compared to a surplus
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The ECB's strict rules apply if you dare not comply
AgoraMario Draghi used the word “rule” seven times in his recent press conference following the meeting... on the Greek waiver decision. Whatever the question about Greece may have been, the message Draghi... institution as Draghi attempted to convey a few days ago and is the prohibition of monetary financing
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