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Stock taking: Where is the Greek economy now?
Agoraan aspirational objective of around 1½ percent a year (see our blogs 5, 6, and 7 for more details... ambition to return to a primary surplus of around 3½ percent of GDP. This is a welcome development, because the interest bill on the debt is around 3 percent of GDP (depressed with super low interest rates
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Newsletter 308 - 17/09/2021
and 2021 and roughly 3 pct in 2022. Greece’s general post-programme commitment is for a primary... measure for the budget is the reduction of social insurance contributions by 3 percentage points... by mortgages that were just short of 6 billion euros. According to the banks’ business plans
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Newsletter 321 - 17/12/2021
the virus first emerged last year. The research covers the period from September 1, 2020 to May 6... if the party’s gains are temporary. The latest sounding by KAPA Research showed ND dropping almost 3..., followed by SYRIZA with 24 pct and KINAL with 12.5 pct, up from 9.1 pct. New Democracy has dropped 3
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Unemployment broadly unchanged at 13.2 pct in Q4
EconomyMacroeconomyAuthority (ELSTAT) figures showed on Wednesday. The jobless rate dropped by 3 percentage points (pps... percent and employees decreased by 1.3 percent. Year-on-year, employees increased by 6 percent. Self... million people, dropping by 2.7 percent quarter-on-quarter and rising by 3 percent year-on-year
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Tracking Greece's fiscal performance
Agorainterest rates on the debt. Figure 3 summarizes the headline findings, using the ESA accrual accounts... in inflation caused real rates to plummet to -6 percent on average in 2021-2022. Since so much of Greek debt...), then the nominal rate would amount to some 3½ percent, instead of the current 1.3 percent.[1] This would mean
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Inaugural 2023 bond attracts strong demand and steep interest
EconomyMacroeconomyof the ECB’s tight monetary policy as the same transaction of 3 billion euros exactly one year ago... had a small participation of 3 pct. Fund managers dominated the issue with 47 pct, followed by banks and investment banks at 27 pct and hedge funds at 11 pct. Insurance and pension funds stood at 6 pct
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Rise of fringe party complicates election arithmetic
PoliticsGreek Politics) party of former Golden Dawn MP Ilias Kasidiaris to surpass the 3 pct threshold for entering Parliament... pct and PASOK 12.4 pct. The Communist Party (KKE) is in fourth on 6 pct, ultra-nationalist Greek Solution follows on 4.5 pct and radical left MeRA25 is sixth on 3.5 pct, just above the 3 pct threshold
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Newsletter 368 - 03/02/2023
gained 6 pct and ND has held on to about a third of the vote in Marc’s polling. This suggests..., while another 3 pct say they will abstain or cast a blank ballot. Around 3.4 pct are supporting... by the European Banking Authority (EBA), this year’s growth is seen slightly higher at 1.5 pct, doubling to 3 pct
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After 2021 balance sheet clean-up, Alpha Bank turns profit of 398 mln in 2022
EconomyBanking. Core pre-provision income (PPI) in 2022 was 841 million euros, from 795 million in 2021, up by 6... stood at 3 billion euros at the end of 2022, to an NPE ratio of 8.3 percent. NPE coverage with cash... operating expenses dropped by 3 percent in 2022 to 977 million euros. Loan loss impairments dropped
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Latest IMF estimates see growth of 2.3 pct, return of permanent primary surpluses
EconomyMacroeconomyyear, 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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