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Macroeconomic fundamentals for Greece
Agora(2020-2029)? Demographics. To answer this question, let us start with Figure 1. Data are from the UN’s most... of the 2020s (Table 1). Until around 2025, the cyclical recovery is overriding the demographic anchor... that is consistent with this debt commitment amounts to maximum 1.5 percent of GDP.[1] Greece receives a large
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Where is Greek growth coming from?
Agorathree stages for the Greek economy. 1) The collapse of activity between early-2009 and mid-2013..., which drives aggregate demand.[1] Aggregate supply can be captured by two numbers: how many new workers... of qualified labor already, and demographics are adverse). If employment can grow by another 1
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Central government debt rises to 403.2 bln in Q2, cash reserves near 42 bln
EconomyMacroeconomyGreece’s central government debt recorded a rise of roughly 1 billion euros to 403.2 billion euros... (over 5 years) debt made up 73.4 percent of the total, while short-term (up to 1 year) and medium-term (1 to 5 years) debt accounted for 16.5 percent and 10.1 percent respectively. Greece’s cash
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Greece's labour market is austerity's biggest casualty
Agoraand retail sale indices, the correlation is evident and since the crisis began there is a roughly 1 for just over 1 percentage impact between GDP drop and industrial production and 1 for 1.5 relationship
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2014 draft budget: An ambitious fiscal consolidation targeting a primary surplus of 1.6 pct
EconomyMacroeconomyamount to 16.5 billion and stem from: 1) 5.23 billion issued in 2009 for bank recap, under the Liquidity... for the anticipated improvement in 2014 are: 1) a turnaround of investments, targeted to increase... for the first time since the beginning of the crisis by 1 percentage point yoy to 24.5 percent in 2014
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When will Greek banks operate as credit institutions again?
Agora27 per cent between 2010 and Q3-2013.[1] But this apparent success story risks being undermined...-oriented to southeast Europe, including Greece, which is seeking a loan of 1 million euros from its local... ------------------------------------------------------------------------------------------------------------------ [1] See Bank of Greece, Note on the Greek Economy, Athens
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Credit origination and transmission: Are Greek banks part of the problem or the solution?
Agoraon a two-year downward trajectory. As graph 1 below illustrates total lending to the real economy shows... a financial assistance package from the IMF, European Commission and the ECB in November 2010.[1... in Athens. You can follow Jens on Twitter @Jens_Bastian. [1] The Irish Independent, ‘Key Economists
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With troika OK pending, 2014 budget sees primary surplus at 1.6 pct of GDP
EconomyMacroeconomyand stem from: 1) 5.23 billion issued in 2009 for bank recap, under the Liquidity Support Program.... The key drivers for the anticipated improvement in 2014 are: 1) a turnaround of investments, targeted... percent in August), to decrease for the first time since the beginning of the crisis by 1 percentage
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After Merkel, Samaras faces immediate challenges on domestic front
![Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]](resources/toolip/img-thumb/2013/11/26/samaras_1000_myrto_2611-medium.jpg "Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]")
PoliticsGreek Politicssoon both on the “prior actions” remaining for Greece to receive its next bailout tranche of 1... that the October budget execution figures meant that Greece would only have to make extra savings of around 1... before assuming the EU presidency on January 1 is to tie up the loose ends with the troika
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After Q3 results, what next for Greek banks?
Agoraof deposit rates in the banks acquired over the past 12 months, whose deposit rates were 1 percentage point... as of January 1, 2013 and another 3.5 percent as of the beginning of next year), implementation... providing any details) that could further increase its capital base by up to 1 percentage point. However
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