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Greece's ultimate sacrifice for stability
Agoradiscussion with Golden Dawn spokesman Ilias Kasidiaris is that this unholy alliance was being forged in a room that had at least nine religious icons on its walls. Another is that it showed Golden Dawn..., and other Golden Dawn MPs he met with. Some have accepted his argument that he operated as a type
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Cabinet reshuffle rumoured as scale of flood reconstruction task begins to dawn
PoliticsGreek PoliticsAs the floodwaters in Thessaly subside, the enormity of the economic impact of the disaster is gradually becoming clear, putting the onus on the government to deliver a support package commensurate to the task. The prime minister’s office is pondering h...
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Newsletter 1 31/10/2014
on the dynamic (agreed restructuring plans after the end of 2013) rather than the static (end-2013 figures) model... involves the capital surplus that Greek banks showed under the dynamic model, which reached 10.7... lender that passed the stress tests under the static model even without taking into account
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Report reveals institutions’ views on labour market reforms
EconomyProgrammeand thus enhance employability. The institutions favour a labour model of flexibility with security (flexicurity) that is applied in Denmark. The key characteristics of the Danish model include... and social dialogue. This model allows for numerical (extended use of overtime, frequent hirings
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Slight rise in deposits for March but outflows at 2.2 bln for 2014
EconomyMacroeconomyGreek private sector deposits rose 0.3 percent month on month (MoM) in March, with balances reaching 161.05 billion euros, according to the Bank of Greece (BoG). Net flow turned positive for the first time since December with inflows amounting to 501 mi...
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Greek gg primary cash surplus at 2.2 bln in 2014, arrears down to 3.75 bln
EconomyMacroeconomyThe Greek general government (gg) primary cash balance showed a surplus of 2.18 billion euros in 2014 from deficit of 884 million in 2013, according to the gg bulletin published by the Ministry of Finance (MoF) on Friday. However, the end-year figure of...
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Primary cash surplus to Oct at 4 bln, including arrears repayment of 2.2 bln
EconomyMacroeconomyGreece’s central government primary cash surplus fell by 875 million eurso to 3.97 billion in the 10-month period of 2016 from 4.84 billion a year ago, Bank of Greece (BoG) figures displayed on Thursday. This year’s figure, though, incorporates arrears’...
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Eurosystem funding drops by 2.2 bln in May, mostly on further decrease in ELA reliance
EconomyMacroeconomyGreek banks’ Eurosystem funding fell for the 23rd successive month in May, when it dropped by another 2.22 billion euros, the Bank of Greece's (BoG) monthly financial statement revealed on Thursday. In the previous month, it dropped at a slower pace of ...
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Budget execution continues to outperform in June, led by 2.2 bln in excess taxes
EconomyMacroeconomyThe budget primary balance came to a surplus of 2.12 billion euros in June, compared to a deficit of 3.43 billion euros in the same period of 2022, according to the preliminary Finance Ministry (MoF) budget execution data released on Monday. In the firs...
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The wrong prescription
Agorain the process and incur travelling costs.” This explanation appears on page 100 of the OECD’s document. Eight
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