Search
-
How Greece sleepwalked off a cliff in 2009, in black and white
Agora, when even the revised revenue targets for 2009 contained an estimate that revenues would grow by 14... their estimate of 2.5 billion euros in revenues. The expenditure disaster However, the true disaster lies... jumped by 18.1 percent vs an annual growth estimate of 9.8 percent. Based on first half of the year
7% -
World Bank sets out savings Greece can make from streamlining welfare benefits
EconomyProgrammeincrease in the share of households that pay personal income taxes from 63 to 72.7 percent. However, the report notes that those fiscal savings’ estimates are upper bounds as households would be likely... of the gradual nationwide roll-out of the GMI scheme. Its cost is estimated at 0.5 percent of GDP
7% -
Newsletter 222 -04/10/2019
statement by claiming that “the many will pay the price” of the government’s labour policies... million for the wider industry. When the tourism multiplier effect is added in, which estimates... estimated at 315 million euros. Out of the total, 138.2 million euros relate to pre-collapse amounts, and 52
7% -
GDP falls by 0.7 pct QoQ in Q4 and increases by 1.9 pct in 2019
EconomyMacroeconomyexpenditure rose by 0.1 percent. ELSTAT also released a first estimate of the overall GDP figure for 2019... just short of the Ministry of Finance’s (MoF) final budget estimate of a 2 percent rise for 2019. This is subject to revision in the second GDP estimate which ELSTAT will release later in the year
7% -
Time running out for Golden Visa as housing problems increase
Agorawould be dominated by foreign buyers with deep pockets willing to pay what is required to secure... last week, Piraeus Bank estimates that during the crisis some 197,000 new households were created, against an estimated 155,000 new properties built in the 2012 to 2022 period. This imbalance of roughly
7% -
How Greek banks moved into a new era
Agoraand 425 million respectively) determined by the BoG, enabled the two banks to pay back their state..., with banks’ current estimates pointing to a peak of the NPL ratio close to the end of the year easing... this year. Current consensus estimates point to a loss-making year for all banks except National, while
7% -
Athens waits for credit rating upgrade as 10-year yield drops to new low
Economybeing entitled to back-pay for the period of its previous ruling in June 2015 and the Katrougalos law..., however the growth estimates for this year have been trimmed down in the draft budget to 2 percent and although New Democracy expects acceleration to 2.8 percent for 2020, the latest estimates from
7% -
Newsletter 249 -08/05/2020
the businesses having to pay higher rates to their local councils. Where more outdoor space is not available.... Government spending, thanks to various support initiatives that the Commission estimates at 6.9... to -2.1 percent of GDP in 2021. Gross debt estimates by the Commission reach 196.4 percent of GDP
7% -
Newsletter 278 -14/12/2020
they will have to pay just 20 pct of what they normally would to their landlords, who will be partly... contracting by 10 pct this year, broadly in line with the Finance Ministry’s estimates included... government primary balance is expected at 7.3 pct of GDP, in line with Finance Ministry estimates
7% -
Govt puts focus on handouts, migration to take heat off surveillance affair
PoliticsGreek Politicssuch as pensions back-pay and an “inflation cheque”. Government ministers have been leaning on the evidence.... According to the last estimates by the Finance Ministry, the cost to the budget of absorbing the expected... the state. All in all, Finance Ministry estimates place the “pure” fiscal overperformance at 800 million
7%