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Rising yields, market turbulence limit government's fiscal options
Economyas a necessary condition for bringing public debt downward and for the country to move up... from the reinvestment programme. Despite an initial sigh of relief, yields closed the year on the up... closed the year at 1.31 pct. The effects are being felt across the yield curve, with maturities up to 10
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Greece voices support for Ukraine as govt counts cost of war's impact on economy, public finances
PoliticsGreek Politicsinflation, even as fuel approaches 2 euros per litre and heating oil is up 38 pct year-on-year... that the government would make up to 3 billion euros available from the Transition Fund to subsidise bills. Of this, 1.5 billion will come from emission auctions and the rest from the fund’s surplus. Up to January
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Newsletter 330 - 04/03/2022
of Ukraine but insisted that by providing arms, Greece was giving up its ability to help be part... index of prices that it monitors, which pushed up for Greece to 6.3 pct in February, from 5.5 pct... 7 pct. The producer price index in industry released by ELSTAT this week for January shot up to 31.6
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Govt weighs escalating impact of Ukraine war on public finances
PoliticsGreek PoliticsThe government is racing to keep up with estimates of the impact of war in Ukraine on the budget... in and subsidise bills, which so far has been done out of the resources of the newly set-up energy... has strongly suggested it will pay vulnerable households in the run-up to Easter. All eyes are now
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Growth of trade deficit slows in Mar, Q1 rise reaches 79 pct
EconomyMacroeconomyproducts and ships, the aggregate deficit was up by 47.9 percent, at 5.81 billion euros. Up to March, imports from EU countries were up by 21.3 percent to 9.04 billion euros, while imports from non-EU markets were up 81.4 percent at 11.03 billion euros. Exports to EU countries increased 35.8 percent
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Mitsotakis underlines geopolitical and ideological links between Greece and US
PoliticsGreek Politicswrapped up his visit to Washington, following up his meeting with US President Joe Biden on Monday... to stop. Mitsotakis wrapped up the Turkey issue within the question of stability on NATO’s... their energy sources. He followed that up by setting out Greece’s plans to expand interconnections
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Early summer fire highlights precariousness of snap election option
PoliticsGreek Politicsthe summer might destroy any plans to hold snap elections in the autumn. Up to 4,000 residents were... last year was 10 times higher than in 2020 and that not enough has been done to form an up-to-date.... The most common concern, by far, was the cost of living: 59 pct of respondents, up by 5 points
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Trade deficit widens by 71.6 pct Jan-Apr, reaching total of 11.3 bln
EconomyMacroeconomyby 31.3 percent. Excluding the value of oil products and ships, the aggregate deficit was up by 46.8 percent, at 7.84 billion euros. Up to April, imports from EU countries were up by 19.5 percent to 12.09 billion euros, while imports from non-EU markets were up by 76.8 percent at 14.93 billion euros
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Subsidies fuel pre-election mood as SYRIZA starts preparing
PoliticsGreek Politicsinflation-busting measures on Tuesday were the latest evidence needed to back up the theory that Prime.... The latest initiative offers around 3 million Greeks the chance to claim up to 100 euros to cover their fuel bills between July and September. The first Fuel Pass offered up to 40 euros, although the latest
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Trade deficit jumps by 84.7 pct in May, reaching 14.7 bln for 2022
EconomyMacroeconomydeficit was up by 55.4 percent, at 10.69 billion euros. Up to May, imports from EU countries were up by 24.6 percent to 15.82 billion euros, while imports from non-EU markets were up by 80.1 percent... exports were up by 32.3 percent at 9.24 billion euros.
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