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Newsletter 318 - 26/11/2021
than 1 in 5 respondents saw a significant benefit from the government’s energy support package... campaigns that saw a variety of Greek media outlets receive more than 40 million euros in total... years and the average funding cost stood at 0.31 pct.MacroeconomyCharts of the weekBudget The Finance
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Company closures dropped sharply during the pandemic
EconomyFeaturesand retail trade; repair of motor vehicles and motorcycles” which saw 8,082 closures. While that may seem... actually dropped 18.9 percent. In fact, only one sector saw an increase in the number of closures in 2020: electricity, gas, steam and air conditioning supply, which saw an increase of 26.4 percent
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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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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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OECD forecasts unemployment increase into 2021
EconomyFeaturesparticularly that the coronavirus crisis reveals the limits of the country’s economic development model. “The lack of development of business culture and the limits of the existing model of tertiary... to include the transition to new and varied branches with an updated education model that would offer
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Wage ruling gives gov't immediate fiscal headache, political one may come later
PoliticsGreek Politicson wage maturities If this proves to be correct, the government faces a challenge in finding... program review being carried out by the troika. It has struggled to reach this amount so finding... the impact that wage cuts would have on the party’s popularity. However, finding new savings could
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Greek banks push for return to normality
EconomyBankingyear. Moody’s saw the bank’s capital at comfortable levels, with the CET1 ratio for the total... was based on the expectation of an improvement in the funding and asset risk of the banks over the next... of Emergency Liquidity Assistance (ELA). As of July, BoG noted that Greek banks’ Eurosystem funding declined
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Newsletter 357 - 04/11/2022
by MEPs may yield more results than the limited inquiry carried out by the Greek Parliament, which saw...PoliticsOpposition launches new attacks over surveillance, cronyismThe government found itself this week fending off more unwanted attention regarding the surveillance scandal, a matter New Democracy
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Alpha Bank posts net profits of 98 mln in Q2
EconomyBankingof the year, the bank saw deposit inflows of 500 million. Deposit balances in Greece increased by 500... non-binding offers for the Galaxy securitisation. Binding offers are expected to be submitted... affected by the repricing of time deposits, improved funding mix and cost, as well as higher
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From pipe dreams to power cables: the changing map of Greece's energy ambitions
Agorathe uptake of natural gas for heating. At the same time, however, 2022 saw a ramping up of exports... secured an estimated 16 billion euros of funding – approximately 45 percent of its share of the EU... as well as binding long-term energy supply agreements. The EU has been promoting formal engagements
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