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Industrial turnover falls sharply by 5.3 oct YoY at start of 2026
EconomyMacroeconomyGreece’s industrial turnover recorded a sharp drop of 5.3 percent year-on-year (YoY) in January, from a rise of 4.9 percent in December, according to data released by the Hellenic Statistical Authority (ELSTAT) on Friday. December’s rise was the first p...
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EC keeps growth estimates broadly unchanged, fiscal outlook improves markedly
EconomyMacroeconomygrowth at 2.1 percent, marginally accelerating to 2.3 percent in 2025 and at 2.2 percent in 2026... is not seen meeting the ECB objective before 2026, expected at 3 percent this year and 2.4 percent in 2025, falling below the 2 percent threshold in 2026. In the estimates in May, inflation for 2024
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Macro and fiscal outlook for Greece remain favourable in latest EC forecasts
EconomyMacroeconomyin economic expansion in 2025 and 2026. Alongside robust private consumption, backed by steady income growth, these factors are projected to sustain GDP growth at 2.3 pct in 2025 and 2.2 pct in 2026... gradually, reaching 2.8 pct in 2025 and 2.3 pct in 2026. Core inflation (excluding energy and food
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Ladies and gentlemen, please fasten your seat belts
Agora“take off” in September. We are now nearing the end of October and there has been no departure... surplus at the end of the year would be enough to ward off any demands for more cuts from the troika... at a Eurogroup meeting last November, will be put off until after May’s European Parliament elections
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How Samaras backed himself and Greece into a corner over bailout exit
Agorabillion euros in loans from the International Monetary Fund due in 2015 and 2016, casting off... was getting ahead of itself. Just days after Samaras unveiled his vision for rounding off the year... this is a plan that leaves Greece better off. Then again, though, perhaps it is just a plan to save
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How snap elections in Greece fit into Samaras's strategy
Agoraattempts to put off the inevitable. There was never a convincing case that the coalition’s... percentage points that is in the minds of those strategists who believe that Samaras might be better off... indicating that the government wrote off the possibility of electing a president, the decision to rehire
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Between Scylla and Charybdis
Agora, even in the optimistic scenario that a No vote on Sunday will kick off a period of negotiations... impact on the Greek economy, hitting budget revenues hard and throwing the overall budget off track... which they don’t have and will be effectively be cut off from any access to euros. As I have argued
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Pensions main source of finance for half of households as income falls again
Societyof households reporting that they were worse off quantitatively and qualitatively than before...) and education. Over half of households said they put off going to a doctor and receiving medical treatment... a household appliance, while 35 percent put off getting their car serviced. While almost one in ten
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The place where sanity goes to die
Agorafor which Greece would have to maintain a primary surplus of 3.5 percent of GDP. Brushing off the Greek... the other way and sign off on what was presented as progress in the Greek programme. Now the IMF has... deliberately put off for a long time. In mid-October, when this review began, Athens came to the table
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Mitsotakis vows to push on with tax cuts despite fiscal concerns
PoliticsGreek PoliticsNew Democracy leader Kyriakos Mitsotakis has brushed off concerns that the lack of fiscal space... the lenders regarding Greece’s public finances veering off track due to SYRIZA’s handouts. In fact... that this would allow Greece to pay off its debt quicker. “You have different revenues if you grow with 2
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