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Asking Greece to stack more austerity measures ignores past failings
Agorawill need to implement 3 percent of GDP, more than 5 billion euros, in further austerity measures up... negotiations was that the goal for the primary surplus in 2018 was lowered by 1 point to 3.5 percent... of measures by the end of the year on top the existing interventions. (Table 5). That brings the total
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Newsletter 108 - 24/02/2017
bargaining and avoid increasing the limit on mass dismissals, currently at 5 percent of the workforce each... of measures would be agreed together and would apply from 1 January 2019. What the coalition has.... The institutions had requested this threshold be set at 50,000 euros. For debt restructuring to be approved
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Newsletter 191 -25/01/2018
for under-25s. Some reports on Thursday indicated that the government is set to announce next week... recommended a figure of between 5 and 10 percent. Several business associations have called... by no more than 5 percent. In the meantime, Athens seems to be preparing to go back to the markets
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Piraeus Bank posts net profit of 20 mln in Q2 from continued operations, NPE sales step up
EconomyBankingitems, specifically the bank’s voluntary retirement scheme, PPI fell by 5 percent QoQ. PPI in Q2 2018..., the figure came to 146 million euros, showing a YoY rise of 5 percent. Ancillary fee volumes continued... guidance for 2019 ranges from 150 to 180 bps over net loans. Balance Sheet Eurosystem funding stood at 1
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Greek housing market at new juncture as Covid-19 shakes foundations
EconomyFeaturesin the residential sector contributed over 10 percent. Those figures shrunk to 5 percent and less than 1... the battering it received in the country’s decade-long financial crisis, and 2020 looked set to continue... sources claim that long-term rental prices in central Athens have dropped between 5 and 23.5 percent
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Newsletter 278 -14/12/2020
by Microsoft, a project whose total value could rise to 1 billion euros, as well as a smart transport pilot... the vaccines would be provided to Greeks. Greece is due to receive 5 million doses of the Pfizer... and 5 pct, whereas the adverse scenario has more modest growth in 2021 of 3.2 pct and 4.5 pct in 2022
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Newsletter 366 - 20/01/2023
PoliticsPM turns focus to far right ahead of electionsKyriakos Mitsotakis has set his sights.... It reached as high as 5 pct in mid-October last year, and fluctuated between 4 and 4.5 pct..., interest payments are seen 1 billion euros higher at 6.13 billion euros, which partly is attributed
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Greece - Some structural macroeconomic arithmetic
Agoragrowth. Consider Table 1 below, which presents recent growth outlooks for Greece by the Ministry... suggests that trend output growth sits around 1¼ percent a year. The OECD seems to be below 2 percent... are average workers in the economy becoming more efficient to make up for fewer in number.[1
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Newsletter 10 - 09/01/2015
, but the leftists still look set for a victory, albeit one that is likely to leave them needing.... If the percentage gained by small parties totals 5 percent, for example, the winning party would need 38.4... tax obligations for the month, including an estimated 1 billion for road tax, and instalments
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Newsletter 33 - 03/07/2015
the target was set (by the previous government) at a high level of 6.43 billion, which also incorporates... income declarations have already been submitted, while the deadline, initially set for 30 June... a short-lived rise by 1 percent in March. The highest decline was posted by automotive fuel (-10
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