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A closer look at Greece's Q3 2023 national accounts
Agorato focus on efficiency and productivity, rather than on spending stimulus. Consider Figure 1 below, which compares Greece and the Euro(20) countries as a group. Real GDP is computed from quarterly data... productivity growth in the Euro(20) halted twice (2009; 2020), but never became negative for the currency
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Current account deficit shrinks to 7 bln in 7 months as energy and imports ease
EconomyMacroeconomyGreece’s current account produced a surplus of 827.5 million euros in July, from a deficit of 638.2 million euros in June, Bank of Greece (BoG) data showed on Wednesday. In July 2022, the balance showed a surplus of 962.7 million euros, while in July 20...
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Parliament will not probe 2015 bailout negotiations but issue unlikely to disappear
PoliticsGreek Politics. In recent comments clarifying his description of the preparation of so-called Plan X in his book, Galbraith... was involved in a strategy that sought to push Greece towards a euro exit, said that Plan X
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China's footprint in Southeast Europe: Constructing the "Balkan Silk Road"
Agora/44d4c87c-98dd-4061-bdf6-b292884a5073. For 2015 data see: http://atlas.media.mit.edu/en/profile/country/grc/. [7] Last year 150,000... exists the “16+1” initiative. The 16+1 framework seeks to improve trade and economic relations between... and Slovenia. The 16+1 club includes current and non-EU members, NATO members and EU candidate countries
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Newsletter 174 -14/09/2018
bailout ended on August 20, concluded on Friday without any definitive answer regarding Greece’s... spending by 1 percent of GDP next year, as had been agreed and legislated last year. The Greek side... would receive before the end of the year around 1 billion euros in backpay. He also announced
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Newsletter 42 - 11/09/2015
government that will emerge from the September 20 snap elections has to decide. The key ongoing... shortfall of 7–8 billion under the baseline scenario and a similar amount under the adverse scenario... SYRIZA and New Democracy for first spot on 20 September. Attention is now turning to Monday’s
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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... that the natural UR could settle around 7½ percent of the labor force. Employment growth has since been robust
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Terms & conditions
No image availableof the following sections (1) Home, (2) Politics, (3) Economy, (4) Society, (5) Statistics, (6) Charts, (7...Terms & conditions WEBSITE TERMS & CONDITIONS 1. Description of the Services 1.1 We welcome you... to the Website. 7. Users’ / visitors’ Obligations - Acceptable use 7.1. The visitor / user of the Website
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Piraeus announces transformation plan amid 2020 loss of 662 mln
EconomyBankingof progress in its 1 billion-euro share capital increase and a transformation plan, including new..., compared with a loss of 1 million euros in Q3. The bank’s loss for the whole of 2020 compared... expired, reducing active moratoria to about 1 billion at the end of the year. The bank said
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IMF examines where programme went wrong, what lessons were learnt
EconomyProgrammetargeted a fiscal adjustment of 7 percent of GDP that would be mostly based on sustainable.... In addition, privatisation proceeds were projected at 46 billion euros during 2012–20 and were expected to reduce the debt by 20 percent of GDP by 2020. Politics In the report’s view, significant
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