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Central government reports 853-mln primary cash surplus in Feb as spending is contained YoY
EconomyMacroeconomyby over one billion euros and came to 533 million euros. The Public Investment Budget (PIB) balance... revenues close to one billion euros and significantly reduced expenditure by nearly 2 billion euros
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Athens encouraged by agreement on EU's Strategic Compass
PoliticsForeign Policyassistance clause in the event of aggression against one of the bloc’s members. It also strengthens... Moldova, along with 10 other Greek nationals. “What I saw, I hope no one will ever see,” Androulakis
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PM focuses on high prices, food supplies as snap election option fades away
PoliticsGreek PoliticsThe cost-of-living crisis remains the government’s number one priority after little progress was made on containing energy prices at last week’s European Union leaders’ summit. Prime Minister... shaped at least one key political decision. The raft of challenges the government is facing is now
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Where is Odysseus? Part 1 - Demographics
AgoraIn 2019, one of us wrote a book[1] about the Greek economy called “The Macroeconomy of Greece. Odysseus’ Plan for the Long Journey Back to Debt Sustainability.” This book was published before.... One way of doing this is increasing the legal retirement age. Another to curtail early retirement
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Inflation triggers political machinations, move to increase budget spending
PoliticsGreek Politicsan economic conference this week that the next government may have to be made up of more than one party. One interpretation for this comment was that it was an honest assessment from a premier who
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Imminent end for enhanced surveillance offers boost to beleaguered govt
PoliticsGreek Politics. In the current climate, it is one of the few victories that the government can sell to voters. Pensions One
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IMF trims 1 point off 2022 growth, makes major revision to inflation forecast
EconomyMacroeconomyon growth. Specifically for Greece, growth for this year was revised down by just over one percentage.... This fiscal path is more modest and slower than the one envisaged by the eurozone lenders, who
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Reopening of 7-year bond affirms tougher conditions on sovereign debt market
EconomyAmid the uncertain times of the Ukraine conflict and the inflationary pressures globally, but after Greece’s upgrade by S&P last week to one notch from investment grade and the recent prepayment.... Greece had the largest share of orders with close to one third at 31.9 pct, followed by the UK
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Mitsotakis lays out confidence-boosting roadmap to end of term
PoliticsGreek Politicsthat if they are not prepared to be dedicated to their task over the next 12 months due to having one eye on campaigning... one or two years from their original targets. On the education front, the legislation will allow
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Athens promotes role as energy hub as PM prepares for talks in Washington
PoliticsForeign Policyexports to cover the EU’s energy needs. Greece is one of the few EU member states that has constructed LNG infrastructure and is one of the European gateways for the US imports. "Whichever way we
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