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Newsletter 434 - 27/09/2024
of not having worked in his life and being out of touch with voters, and raised questions about the way... complaints about the way that the Culture Ministry has handed out contracts for the snack bars... in the course of a six-way moderated debate aired on ERT TV on Tuesday evening. The candidates
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Newsletter 437 - 18/10/2024
on the left of the political spectrum try to find their way, PM Mitsotakis seems increasingly troubled.... Discrediting the far right is one way for Mitsotakis to reverse this trend and possibly avoid having... the way to concessions on sovereignty.EconomyGDP revision has varied knock-on effectThe Hellenic
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How big is Greek fiscal gap? Will cuts be needed? Here's our Q&A
PoliticsGreek Politicsand International Monetary Fund, who are reportedly demanding an extra 2 billion euros in cuts next year... weeks have claimed that the troika wants another 2 billion euros to be found in 2014 but Greek media... eurocrats and troika whisperers, however, talk of €2 billion for 2014 budget. #Greece — Juergen Baetz
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Debt relief or debt restructuring for Greece?
Agorain 2010 Greek sovereign debt was primarily held by German[2], French, Italian, Swiss and Japanese... today reach approximately 380 billion euro and correspond to a debt-to-GDP ratio of 208 percent! 2...). These investor disputes will take time to work their way through the judicial complexities of domestic
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Is there (sustainable) growth in Greece?
Agorabetween both countries totalled 9.3 billion dollars in 2013, mostly in gas, oil and food products.[2... a work in progress and is puzzling policymakers as well as analysts. As graph 2 illustrates.... We cannot exclude that headwinds coming Greece’s way could adversely impact on the economy’s recovery
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Newsletter 4 - 21/11/2014
percent incorporated in the medium-term fiscal strategy (MTFS) and the 2 percent in the draft budget... the current programme review and paving the way for a bailout exit at the end of the year have moved... an increase in both the manufacturing as well as the mining and quarrying sectors by 1.8 and 2 percent
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The immediate economic and financial hurdles for the new Greek government
EconomyProgramme2 billion euros and new funding could stem from extraordinary T-Bill issues of 1.5 – 2 billion... at circa 2 billion. However, since the previous government has exhausted the 15-billion-euro limit... the review, which would also pave the way for the disbursement of the remaining tranches of 7.2
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The key points from lenders' proposals to Greece
EconomyProgrammeand the government will not intervene in any way in the day-to-day decision making and management. 2) The BoD... primary surplus targets of 1 percent of GDP for 2015, 2 percent for 2016, 3 percent for 2017 and 3.5... for everybody retiring after June 30 2) Consolidation of all supplementary pension funds
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Newsletter 31 - 19/06/2015
percent. In the past 12 months, the industrial turnover trailing index has declined 2 percent. The decline in April is due to a 2.6 percent decline in manufacturing. 2 No panacea in defence cuts... to find a way to meet fiscal targets over the next few years, making some of the savings it needs
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Signifcant underspend covers revenue shortfall for budget primary surplus to August
EconomyMacroeconomybillion that have not been collected yet. 2) Non assessment (and consequently non payment) of the first... in early October. Expenditure Primary expenditure slipped by 2 percent in August, which indicates... of the FY target of 750 million) 2) Other social security funds expenditure (at zero versus an annual
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