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  1. Govt sets out fire compensation scheme in first step to overcome destruction

    PoliticsGreek Politics

    to be made to this year’s budget, with the initial fiscal impact of the aid being put at 500 million euros

    8%

  2. General govt balance deteriorates due to deficits of state and social security funds
    Photo by MacroPolis

    EconomyMacroeconomy

    budget deficit up to July was 9.09 billion euros, compared to 7.3 billion euros last year. Extrabudgetary

    8%

  3. GDP shows strong recovery from lockdowns with 3.4 pct growth QoQ in Q2
    Photo by MacroPolis

    EconomyMacroeconomy

    is expected to be revised up by the Finance Ministry in the submission of the draft budget in three

    8%

  4. Newsletter 307 - 10/09/2021

    Newsletters

    that will be included in the draft budget of 2022, and which Prime Minister Kyriakos Mitsotakis wants to set out

    8%

  5. PBO highlights exceptional factors supporting recovery, cautions against complacency
    Photo by MacroPolis

    Economy

    The Parliamentary Budget Office (PBO) issued its latest quarterly report on Tuesday, noting the economic recovery but warning against complacency as the factors behind the solid GDP rebound in the second quarter are circumstantial and transitory. Greece’s annual growth of 16.2 pct in the second

    8%

  6. Impact of pandemic, lockdowns reflected in lower household spending during 2020
    Photo by MacroPolis

    Society

    The household budget survey published on Wednesday by ELSTAT captures the effect that the pandemic and the lockdown restrictions had on Greek household spending in 2020. The average annual household expenditure in 2020 came to 15,982 euros per year, or 1,332 euros per month, a drop of 9.9 pct

    8%

  7. IMF ups 2021 growth forecast to 6.5 pct, but keeps modest outlook for longer term
    Photo via IMF photostream on Flickr [https://www.flickr.com/photos/imfphoto/]

    EconomyMacroeconomy

    budget submitted to Parliament last week that expects growth of 6.1 pct this year and 4.5 pct

    8%

  8. Leaders joust over Covid policy as death toll rises but public interest wanes
    Photo by MacroPolis

    PoliticsGreek Politics

    this with a reduction of 900 million euros in public health spending in next year’s budget. The SYRIZA

    8%

  9. Discussion over PEPP, SGP draw attention to rising yields
    Photo by EC - Audiovisual Service

    EconomyFeatures

    of the largest support packages in the EU. According to the data presented in the draft budget

    8%

  10. PM makes new bid to address Covid wave, speculation about restrictions

    PoliticsGreek Politics

    require the government to dip into the public coffers. Given that the 2021 budget is due

    8%