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Current account deficit exceeded 20 bln last year, up from 12.27 bln in 2021
EconomyMacroeconomyGreece closed 2022 with a current account deficit of 2.66 billion euros, down from 3.93 billion euros in November 2022, Bank of Greece (BoG) data showed on Monday. In December 2021, the balance showed a deficit of 2.28 billion euros, while in December 2...
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Omnibus bill goes to Parliament as Greece seeks to unlock 2 bln sub-tranche
EconomyProgramme. The key measures included in the draft legislation are as follows: Pension 1) The statutory retirement age limits gradually increase as of August 19 until January 1, 2022. 2) The minimum pension amount will not be granted to those retiring after July 1, 2015, who have not reached the age of 67
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Newsletter 29 - 05/06/2015
lenders are demanding new fiscal measures of around 3 billion, which is markedly higher than the 1–1.5... surplus targets to 1 percent of GDP for 2015, 2 percent in 2016, 3 percent in 2017 and 3.5 percent..., for the 1 percent primary surplus target to be met, additional measures of 3 billion have to be adopted
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The Court of Audit's opinion on new pension cuts and its implications
Legalin combination with article 98(1)(d) of the Greek Constitution, according to which: “The Court of Audit... resolutions, which were taken in Plenary Sessions Special Meeting No1 on April 20, 2016. The same applies... percent reduction of pensions to the extent that, pursuant to article 1 of the First Additional
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What in the world will we do without barbarians?
Agoraper year, which in 2000 and 2001 represented approximately 7 percent of GDP. With the effective interest rate - interest payments over the stock of debt – at just under 7 percent, the equation... shot up from 20 billion euros in 2000 to 49 billion in 2009. This increase meant that social
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Newsletter 260 -31/07/2020
to the substantial cash buffer of close to 20 pct of GDP, the concessional nature that keeps servicing low and the moderate maturity profile, with an average maturity of over 20 years, amongst... is around 7 percent. The bank sees some encouraging signs from the reopening of retail stores in May
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Newsletter 380 - 12/05/2023
gaining 36.5 pct, SYRIZA 29.5 pct, PASOK 10.5 pct, KKE 7 pct, MeRA25 4.5 pct and Greek Solution 3.5 pct. In the second scenario, ND gets 35 pct, SYRIZA 28.5 pct, PASOK 10.5 pct, KKE 7, MeRA25 4.5 pct... cost more than 20 billion euros.EconomyLack of clarity over party's economic pledgesThe pre
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Newsletter 387 - 30/06/2023
, with 11.85 pct (32 seats). The Communist Party (KKE) took 7.6 pct and 20 seats, while ultra-nationalist Greek... and alternate ministers in the cabinet, 20 served in the previous government. This underlines that although... monthly drops led by decreases of 5 pct in manufacturing, 1.6 pct in water supply and 7 percent
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Newsletter 443 - 29/11/2024
. Surprisingly, backing for Kasselakis’s Movement for Democracy party was at 7 pct, while SYRIZA is seen... and under 7 pct for rural areas. Looking at the housing costs as part of disposable income, Greece also has the top spot with close to 35 pct of income, against an EU average of under 20 pct. For those
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Going for Growth: What next for Greece's economy and banks?
Agoratourism numbers in 2018 - some 30 million visitors who between them spent 16.1 billion euros[1]. And yet..., with a series of capital market suspensions and a stock market that has contracted by 83 pct (figure 1), a staggering figure. Figure 1: Greek Stock Market Capitalisation Few will shed a tear for the plight
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