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Newsletter 279 - 05/03/2021
a notable impact on support for New Democracy, which has dropped by 3 percentage points since November... is focussing on the liability side of its balance sheet, with a 500 million-euro issue of subordinated Tier 2... points. The Tier 2 bond issue will bolster the bank’s capital adequacy by about 125 basis points
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The quarterly national accounts from the income side
Agorapulls back, a government impulse helps to level GDP upwards); and 2) The challenge for Greece is now... be sustained forever. 3) Several partner countries had a lower fiscal impulse, accumulated less additional... becoming structural.[2] This policy has caused, in part, the widening of the deficits during
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Newsletter 313 - 22/10/2021
decade growth will be 2 pct, with Greece needing more than 3 pct to converge towards the eurozone... in the region of 2 pct of GDP up to 2060. The Finance Ministry was also kept busy this week in the push.... During the summer, the government announced a minimum wage increase of 2 pct, taking the basic salary
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Updated Stability Programme reflects impact of crisis as growth revised to 3.1 pct, rising in 2023
EconomyMacroeconomyinflation is 2 percentage points above the latest estimates, and a benign one where inflation..., the ministry revises the primary deficit upwards to 2 pct of GDP, from 1.4 pct before... insurance contributions by 3 percentage points and abolishing the solidarity levy for private sector
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NBG profits narrow to 208 mln in Q1
EconomyBankingvirtually unchanged, standing at 2 billion euros at the end of Q1, from 2.1 billion euros... 80 pct. P&L Net interest income (ΝΙΙ) dropped 3 pct YoY to 288 million. Net fee income increased... million in 2021, was up by 2 pct to 373 million euros. Operating expenses in Q1 2022 were stable at 192
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Newsletter 351 - 16/09/2022
. The long-term interventions include making permanent the 3 percentage point cut in social security... challenge because as things stand Greece must turn the 2 pct of GDP primary deficit into a 1 pct of GDP... to deliver in the region of 2 billion euros of surplus before interest payments. Most such fiscal
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Newsletter 352 - 23/09/2022
concrete data due to be presented on October 3, when the Finance Ministry will submit to Parliament...: Greece will stick to its commitments and deliver the primary deficit of 2 pct of GDP, although... expected before. The budget impact will be 4.3 billion euros, or 2 pct of GDP, with the Transition Fund
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Newsletter 376 - 31/03/2023
. The first Sunday of that month, July 2, is seen as the cut-off point for a second election..., which is expected to take place on May 2, will determine whether Ellines, the party of jailed Golden... polls, with some figures suggesting that they could make the 3 pct threshold to enter Parliament
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Newsletter 387 - 30/06/2023
outperformance of 2 billion euros up to May thanks to VAT and income taxes beating targets. However... dropping below 2 pct, it might struggle to continue pushing back on that front and fiscal space might get... leading and the UK is also in the top 3. All these markets are suffering from cost-of-living and less
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PBO sees normality returning, but inflation will have multifaceted effects
EconomyMacroeconomyby 10 pct, stemming from the withdrawal of support measures; and an increase of public spending by 2... growth of 2 pct. The 2 pct rise in handout spend will push up GDP growth by a negligible effect... by 3 billion euros to the general government debt, the ratio dropped by 23 percentage points thanks
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