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Trouble from Turkey prompts plans for extra defence spending after years of cuts
PoliticsGreek Politics. Kathimerini reported that if the purchase goes ahead, it would cost Greece 3 billion euros. It went..., the reduction was not as dramatic. In 2008, Greece was spending 3 pct of its GDP on defence. In 2018, this stood at 2 pct, which was still in line with the level agreed by NATO member states in 2014
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Newsletter 267 -02/10/2020
households,19.1 percent of the budget is spent on food. 2 Budget primary at deficit of 5.48 bln in August... September 2018 when it dropped to -42.7. Retail trade fell by 2 points month-on-month to -20.3 points... the series average as pandemic-drive uncertainty drove sentiment. Retail turnover drops by 3 pct
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Newsletter 270 -23/10/2020
high infections. These are considered Category 3 areas. Those in Category 4, such as Kozani..., are at the epicentre of the latest outbreaks. Starting on Thursday, Thessaloniki was upgraded to level 3 on Greece’s... another 2 billion euros, with a re-offer yield of 1.15 pct, implying a price of 109.46. The book
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Newsletter 278 -14/12/2020
Greece bank. 2 Wages index up by 3 pct YoY in Q3 Quarterly figure shows drop of 1.5 pct versus Q2 Greece’s seasonally adjusted (SA) Wages Index turned positive by 3 percent year-on-year (YoY... are aiming to vaccinate more than 2 million Greeks next year, but recent opinion polls indicate
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Newsletter 291 - 02/04/2021
worsened by 10.6 points. 2 Consumer confidence improves in March Retail, services and employment... points. Retail turnover drops by 5 pct in January Volume decreases 3 percent, led by decline... fell by 3 percent after a revised decrease of 11.5 percent in the previous month. Compared
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Discussion over PEPP, SGP draw attention to rising yields
EconomyFeaturesbond, 2.5 billion in a 30-year note in March, 3 billion in the 5-year in May and 2.5 billion euros... pct and approaching 2 pct respectively. As the ECB’s emergency programme comes to an end in March next... sustainability analysis by the European Commission, a primary balance of over 2 pct of GDP is seen
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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... Fiscal Monitor seeing the budget deficit fall below 3 pct this year to 2.4 pct and almost halve
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Newsletter 394 - 22/09/2023
pct of GDP this year and double above 2 pct of GDP in 2024 Athens is in a tight fiscal framework... a special effort to explain why the significant revenue outperformance, which exceeds 3 billion euros can... and the seven-month deficit has dropped by close to 3 billion euros compared to the same period last
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Newsletter 407 - 12/01/2024
started to moderate at the end of 2022 and for most of 2023, Greece’s headline inflation dropped to 3... example is Portugal, where the same basket is 3 pct more expensive, but wages in Portugal are 23 pct... of -7.8 points. Industry confidence dropped by 2 points to -5.7, while services, retail and construction
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Bravo, Bank of Greece
Agorathe long rebound from both the Great Recession and Covid episodes.[2] The note makes forecasts for 2024.... The note honestly reports that much growth is dependent on the support from the EU.[3] This begs... now been lifted to Euro 36 billion; a big infusion of money for Greece in a short time frame. [2
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