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Newsletter 350 - 09/09/2022
products and energy bills, but the fiscal space is limited and this is set to be reflected in the scope... Androulakis. Energy is set to absorb the lion’s share of spending. Finance Minister Christos Staïkouras... for households and businesses this autumn. Meanwhile, government sources say the PM intends to set the tone
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Government dampens expectations for handouts in PM's speech
PoliticsGreek PoliticsIn less than three weeks, Prime Minister Kyriakos Mitsotakis will attempt to set the tone for his... to set aside between 1.5 and 2 billion euros to allocate to taxpayers via various assistance packages... their pensions were not reduced following the 2016 reform. Instead, this group of pensioners is set
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Can the Green Transition be just?
Agora, and shipping (from 2024 onwards). The ETS-2 will set a price for each ton of carbon dioxide emitted..., at least initially, was set up to be independent of the ETS-1 with distinct carbon prices and targets. Thus, the target for reducing emissions from road transport and buildings is set at 43% in 2030
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Opposition lines up motions against government over Tempe
PoliticsGreek PoliticsPressure on the government is set to ratchet up a notch after opposition PASOK announced... on public debt on Wednesday to set out his party’s line of attack against the government, using newly..., with Tassoulas set to be approved by a narrow margin; however, the resurgence of interest in Tempe could
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Government presents rail safety improvements as ex-ministers face possible Tempe inquiry
PoliticsGreek Politicsconference, where Alternate Transport Minister Konstantinos Kyranakis set out a range... identified the improvement of rail safety as an urgent matter for his government. Mitsotakis set 2027... procedure now is for Parliament to hold a vote on whether to set up a preliminary investigation, whose
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Greece and the euro: The flight of Icarus
Agoramanagement team but instead got a set of politicians that flew even closer to the burning sun. 2004... in Greece and salaries for under-25s are actually set below what is considered to be the poverty line... this, with the younger members of its society being the ones who set aside the folly and failure
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With troika OK pending, 2014 budget sees primary surplus at 1.6 pct of GDP
EconomyMacroeconomy. On the debt front, gg debt is set to slightly ease to 320.0 billion (174.8 percent of GDP) in 2014 from... percent stake in DESFA to Azeri SOCAR (188 million). The target for 2014 was set at 3.56 billion without... to Athens in early December with the target set by both sides to reach a final agreement until the next
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With prior actions pending, PASOK showing signs of adjustment fatigue
PoliticsGreek Politics. The first set of prior actions are: 1) adoption of outdoor trade law 2) adoption of investment.... The second set consists of: 1) adoption of the necessary legislation to merge all... to tell his eurozone counterparts on Thursday that the first set of prior actions will be completed
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Sudden jump in unpaid taxes last month takes total to almost 70 bln
EconomyMacroeconomythat the first-half target of legacy debt collections of 1 billion set by the Ministry of Finance (MoF... year, the target has been set at 25 percent, with the year to date rate at just over half the target... a weak performance in July, yet they remain well below the annual targets. Those targets were set
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ECB stress tests and what they will mean for Greek banks
Economyprovisions. A capital benchmark of Common Equity Tier 1 (CET1) of 8 percent was set for this pillar... was set at CET1 of 8 percent for the baseline and 5.5 percent for the adverse scenario. The aggregate... on banks’ static balance sheet at the end of 2013. However, the ECB is due to release another set of data
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