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Trump's tariffs create gloomy economic environment for vulnerable Greece
EconomyMacroeconomyreciprocal tariffs across the globe, with the EU being hit with 20 pct on its products sold... and the 25 pct charge on imports of automobiles and auto parts. The EU exports some 1 million passenger... pct tariffs on EU goods and that would make Greek products 7 pct more expensive in the US, leading
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PM convenes emergency meeting to work out tariff response strategy
PoliticsGreek Politicsof Greece estimated that a 10 pct tariffs on EU goods, rather than the 20 pct imposed by Trump, would make Greek products 7 pct more expensive in the US, leading only to a marginal drop of GDP by 0.05 pct... Yannis Stournaras said Trump's tariff measures could slow euro area growth by 0.5 to 1 percentage points
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Newsletter 212 -28/06/2019
to get out and vote on July 7 as a low turnout appears to be the only thing standing between New.... One conservative official after the other is encouraging voters to cast their ballots on July 7.... Speaking to Thema Radio on Tuesday, Mitsotakis stressed that an inconclusive result on July 7 would lead
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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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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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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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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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