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One unicorn does not a Silicon Valley make: positive news on startup front also highlights limitations
EconomyFeaturesvalued at over 1 billion USD. Marathon VC, which has been tracking investments in Greek startups reported that the sector received record funding in 2021, approaching a total 1 billion USD. The news has... exceeded 1 million euros. Funding Funding, as one would expect to a degree, is also unequally
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Newsletter 335 - 15/04/2022
taxes were rising by a rate of 1 billion euros monthly. It was always a concern that households.... Health Minister Thanos Plevris announced that from May 1 vaccination certificates will not be needed... will be able to operate at full capacity. From June 1, masks will not have to be worn indoors
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Where is Odysseus? Part 4 - Unemployment and Employment
Agoraon the macroeconomy of Greece.[1] In blog 16, we updated the demographic projections for Greece and found... previous averages. How does this look in Greece? Figure 1 above gives a view. The average.... But inflation continued to be higher than in trading partners by an average of around 1 percentage point
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Newsletter 349 - 02/09/2022
, bringing the ruling party’s backing down to 31.4 pct. Support for SYRIZA has edged up by almost 1 point to 25.1, while PASOK saw an increase of 1 point to 12.1. There was little change among the other... of the Transition Fund are not expected to exceed 1 billion euros in September, which means that the state budget
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Reflections on Greece's balance of payments
Agoraof payments.[1] We can also say that Y - C = S: income minus consumption equals “savings” in the economy... to the balance of payments. This institution was called the “International Monetary Fund.” Figure 1 below.... The solid line repeats the current account balance from Figure 1. The dashed line shows the government
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Newsletter 364 - 23/12/2022
SYRIZA by almost 2:1. The findings suggest that despite the derision heaped on the support measures... in its latest report a “soft landing”, with the growth rate somewhere between 1 and 1.5 pct, from... sees growth even lower to 1 pct, while inflation is also seen persisting into 2023 at 6 pct. In its
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Does the EU Commission suffer from optimism bias? (Part 2)
Agoranotes that our first responses to stimuli are often heuristic and superficial. This is System 1, or “Fast Thinking,” based on instincts and emotion. System 1 has evolved for survival and immediate..., then the subsequent revisions will likely be revised downwards over time. Figure 1 is a plot of five
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Macroeconomic fundamentals for Greece
Agora(2020-2029)? Demographics. To answer this question, let us start with Figure 1. Data are from the UN’s most... of the 2020s (Table 1). Until around 2025, the cyclical recovery is overriding the demographic anchor... that is consistent with this debt commitment amounts to maximum 1.5 percent of GDP.[1] Greece receives a large
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Where is Greek growth coming from?
Agorathree stages for the Greek economy. 1) The collapse of activity between early-2009 and mid-2013..., which drives aggregate demand.[1] Aggregate supply can be captured by two numbers: how many new workers... of qualified labor already, and demographics are adverse). If employment can grow by another 1
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Central government debt rises to 403.2 bln in Q2, cash reserves near 42 bln
EconomyMacroeconomyGreece’s central government debt recorded a rise of roughly 1 billion euros to 403.2 billion euros... (over 5 years) debt made up 73.4 percent of the total, while short-term (up to 1 year) and medium-term (1 to 5 years) debt accounted for 16.5 percent and 10.1 percent respectively. Greece’s cash
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