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Asking Greece to stack more austerity measures ignores past failings
Agorawas a good year for Greece. The economy appeared to be bottoming out and in the run up to the European... of that year. Finance Minister Gikas Hardouvelis went as far as suggesting in September 2014 that Greece... unorthodox attire or economic views, the Greek economy failed to meet the demanding fiscal targets. No one
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Notable increase in grants to social security sector leads to budget primary deficit in Nov
Economylargely due to a drop in VAT revenues by 1.1 percent, while consumption taxes marginally improved... year includes seasonal revenues such as road tax fees targeted at 1.1 billion, the annual revenue... expenditure surged by 38.2 percent in November to 4.47 billion. This is by far the highest monthly reading so
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Fiscal Council endorses fiscal and macro assumptions but warns of potential obstacles
EconomyMacroeconomy. The target is based on the economy grow by 2.16 percent on average in the 2019-2022 period, which... portion of GDP as the economy grows. The revenues assumptions are based on the structural nature... previously, despite the encouraging start of the first quarter that the economy grew by 2.3 year
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Newsletter 278 -14/12/2020
value to the economy reaching as much as 12.5 billion euros. A series of smaller but potentially... hopes that the arrival of the Covid-19 vaccine will help boost the economy next year, when New... on how it expects the Greek economy and banking system to develop next year. The new report includes
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Stability Programme reflects subdued expectations for 2021, high hopes for 2022 onwards
EconomyMacroeconomyas the pandemic still has a hold on the Greek economy and the expected flow of RRF funds has been scaled back... to reach 3.6 pct this year. The RRF is seen having a bigger impact in 2022, when the economy... consumption that is seen growing by nearly 3 pct. In the subsequent years, the economy is expected
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Newsletter 415 - 08/03/2024
dealt a serious blow to the economy. The QoQ movement in Q1 was unchanged, it was up by 1.1 pct in Q2... in the country, thereby boosting the local economy. Opposition parties disagreed with Prime Minister Kyriakos... signs that the Greek economy has been slowing were evident in previous GDP releases for 2023
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Greece: After a deal, work on a solution
![Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]](resources/toolip/img-thumb/2013/10/09/poverty_myrto_0910-medium.jpg "Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]")
Agorathe involvement of Angela Merkel and François Hollande. The positions are still far apart – mostly... economy. Source: Eurostat, Haver Notes: Q1 2000 = 100. Unit labour costs measure labour costs per unit of output; the GDP deflator is a price index for the whole economy, not just consumption, as measured
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How Greek banks moved into a new era
Agora, securitisations and covered bonds on top of higher interbank lending that has been evident so far. No Q1... thereafter in line with the anticipated bottoming out and rebound of the Greek economy. Setting asset... their Q1 tangible book value. Under the base case scenario for the economy and assuming political
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Greece's biggest problem? Society's lack of openness
Agorayears later, the threat of a calamitous exit seems to have receded. The Greek economy is projected..., utterly debilitating to the country. Greece was a closed economy with closed professions. It feared... a meaningful liberalization of the electricity market; in the angry chants of far left university
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Development bill adopted as ND targets investment and growth
PoliticsGreek PoliticsDemocracy’s “friends, customers and sponsors.” Former economy minister Yiannis Dragasakis accused... said that the measures taken so far by the government, such as reducing ENFIA and social security... forecasts for the Greek economy, suggesting that growth of 2.3 to 2.5 percent is more likely next year.
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