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  1. Newsletter 224 -18/10/2019

    Newsletters

    Draft budget details agreed Athens submits 2020 plan to Brussels as IMF sees lower growth, primary... an agreement with the European institutions over next year’s draft budget, settling differences over...-September budget execution figures showed that there was a strong fiscal outperformance

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  2. Govt tables 2018-21 MTFS containing 4.5 bln in measures, sees growth rising from 1.8 pct this year
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyProgramme

    percent, lower than the recent IMF and European Commission (EC) forecasts of 2.2 and 2.1 percent... seen up by 2.6 percent but slowing thereafter to 2.3 percent in 2020 and to 2.2 percent in 2021... in energy infrastructure (100 million) and in the agricultural sector (100 million), while another 100

    8%

  3. Greek banks' equity raising could keep official support to a minimum

    Economy

    . Bondholders have the option to agree to a share exchange at 100 percent of nominal value for the senior... and 78 million to Tier 1 securities. Bondholders are offered the option for a share exchange at 100... 8.65 percent and Mackenzie 5.84 percent. The bank will also proceed with a reverse split (1:100). NBG

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  4. Greek regions perform poorly in social progress index

    Society

    of what it offers citizens in terms of basic human needs, wellbeing and opportunity, according... to traditional measures of economic progress. The index scores absolute performance on a 0–100 scale for 50... components arranged into three themes: basic human needs, foundations of wellbeing, and opportunity. Open

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  5. Greek debt: A case of learned helplessness?
    Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]

    Agora

    involving human beings. Its effects can be seen in people. When they feel they have no control over... exacerbated the debt dynamics. The rates that were so punishing they pushed the budget’s interest payments... not to be given the opportunity to redirect budget resources and allocate any spare fiscal capacity to restore

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  6. Newsletter 233 - 20/12/2019

    Newsletters

    ND intent on sticking with formula Govt pledges more tax cuts and strike legislation as 2020 budget is adopted The 2020 budget was approved by Parliament on Wednesday, marking a brief pause... the impact on public transport from strikes and work stoppages by employees. Although the budget only

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  7. Minister pledges swift resolution as public anger over rail crash mounts
    Photo via Flickr https://flic.kr/p/9SDyrr

    PoliticsGreek Politics

    of the crash, the minister said that although human error was probably a factor, the appropriate safety... criticised for rushing to blame human error in his first response to the crash. Gerapetritis... which relieved the network operator and its private contractors of the obligation to deliver

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  8. Great Expectations: Is Greece 2.0 hitting the target?
    Photo by EC - Audiovisual Service

    EconomyFeatures

    expects to receive a boost from Greece 2.0 to the tune of 1.9 percent according to its budget report... silently revised downwards from the 2023 budget, where 3.6 billion euros of grants were included in the original assumptions, to the 2024 budget report, where it was estimated that a little less than

    7%

  9. Here's why Greece's fiscal difficulties will dominate the agenda

    EconomyProgramme

    The budget execution for January revealed a revenue shortfall of almost 1 billion euros, mainly reflecting... taxes or shortfall created by other revenue sources. The breakdown of the key budget items in the first half of the year, according to the 2015 budget, shows revenues in March will be lower than

    7%

  10. Athens displeased with EU Council outcome, faces pressure for talks with Turkey

    PoliticsForeign Policy

    to engage in a dialogue. Arms embargo Following the Greek side’s failure to secure the inclusion... to an arms embargo and countermeasures/sanctions per sector over Turkey’s violation of the EU-Turkey... of the arms embargo, Mitsotakis explained in his press conference on Friday in Brussels

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