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Newsletter 333 - 01/04/2022
to spend up to 2 billion more this year than initially envisioned in this year’s economic plan. Staikouras stressed that it is not certain that the full 2 billion euros will be spent. This move allows..., which could allow the scale to be lowered to 6 pct from 13. Also, lowering the excise tax on fuel
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Greece's fiscal path becoming clearer; sizeable adjustment lies ahead
EconomyMacroeconomycurrent commitment is for a primary surplus of roughly 2 pct of GDP. Despite the fiscal laxity since... as Greece is scheduled to have a primary deficit of close to 2 pct of GDP this year, as the Ukraine... into a primary surplus of 1.5 pct, is a sizable fiscal adjustment of 3.5 pct of GDP, or more than 6 billion
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Lower trading income for NBG keeps net profits at 490 mln in H1
EconomyBankingwere virtually unchanged, standing at 1.9 billion euros at the end of H1, from 2 billion euros in Q1... for 2022 is 1.8 billion euros of NPEs and a ratio of 6 pct by the end of 2022, with coverage exceeding... cost in H1 was 1 basis point, from -2 basis points in Q1 this year Capital The CET1 ratio stands
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Finance Ministry costs new support package, but questions remain over electricity subsidies
Economyto come in the full year to 4.3 billion euros, or 2 pct of GDP, with the rest covered by the Energy... authorities as the fiscal commitments require turning this year’s 2 pct primary deficit into a surplus of 1 pct of GDP, a fiscal effort worth 6 billion euros.
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Rising contributions spark concern in key voter groups
PoliticsGreek Politicsand employees. New Democracy has targeted a 2 pct of GDP primary deficit this year and, for the time... a fiscal adjustment of around 6 billion euros, which means that the conservatives will have very limited..., but next year is projected to be below 2 pct, underlining the difficulty of the task facing
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Parties give first hint of strategies in reaction to poll announcement
PoliticsGreek Politics. This step, which is expected to take place on May 2, will determine whether Ellines, the party of jailed... will be dissolved anew by May 31, and new elections declared for July 2. The second contest would take... lead to a third contest, the earliest date for which would be August 6. Strategies Given
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Latest IMF estimates see growth of 2.3 pct, return of permanent primary surpluses
EconomyMacroeconomyfurther to 2.9 pct in 2024, falling below 2 pct by 2028, when it is expected at 1.8 pct. The current... year, and at 6 pct in 2024, before moderating to 3 pct by 2028. Unemployment will fall by 1 percentage... than triples to 1.4 pct next year and reach 2 pct of GDP in 2027 and 2028. The cyclically adjusted
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Rise of smaller parties a barrier to decisive result in first elections
PoliticsGreek Politicsin next month’s vote, as well as a second ballot that could follow on July 2. The Pulse poll published... vote, to 11 pct. There has also been an increase of 2 points, to 38 pct, in the percentage of Greeks... to either govern on its own (14 pct) or to lead a coalition (16 pct). Just 6 pct of voters would
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Newsletter 379 - 05/05/2023
, the Communist Party is seen gaining 6 pct, PASOK 9.5, SYRIZA 27.5 and New Democracy 31.5. Just over 10 pct... Greek Solution, while 20 pct are expected to back 2 smaller far-right parties. Just 4 pct say... growth is more subdued at 2 pct in 2024 and 2025, while investments are expected to grow by 9.7
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Newsletter 399 - 27/10/2023
on the country’s fiscal pledges, with a fiscal goal of a primary surplus above 2 pct of GDP... actions paid off and now banks have dropped their NPE ratio to below 6 pct, when back in 2015 nearly... had to pay 2 billion euros more in interest. A steady positive assessment by rating agencies
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