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GDP grew by 0.8 pct QoQ in Q4, 2025 real growth at 2.1 pct
EconomyMacroeconomy. Outlook In the final 2026 budget, the Finance Ministry sees growth at 2.2 pct for 2025 and 2.4 pct... pct in 2026. In its latest WEO released in October, the IMF sees growth of 2 pct in 2025 and in 2026. In its latest economic outlook in December, the OECD also places Greek growth at 2.1 pct in 2025
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Greece's new finance minister lines up for a marathon (and several short sprints)
PoliticsGreek PoliticsThe naming of economist Gikas Hardouvelis as Greece’s new finance minister took most observers by surprise but the big challenges awaiting him are no secret. Hardouvelis’s appointment caught many off.... “Greece is suffering. Every household has at least one person who is unemployed or someone who is working
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Drop ‘til you shop
Agoraand that they lose their day off. There is also a political dimension (the opposition parties are against... by a new law allowing stores in 10 areas of Greece to open every Sunday. Unions representing store owners
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The IMF crisis and how to solve it
Agoraits first major paper in a decade on sovereign debt restructuring. But its review got off to a false..., it is just plain silly that every MD has originated from Western Europe for the last 67 years. Why
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‘We’re dying to pay our taxes’
Agoraand his car insurance – in total, that’s some 3,000 euros. It’s the fear of falling off the social... are in that boat; they’re owed about eight months’ salary in total. Every second or third week, they receive
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Managing an orderly Greek exit from the memorandum
Agoraand the European Stability Mechanism. These missions take place every six months and monitor Spain’s banking system and public finances until Madrid has paid off 75 percent of the 41 billion euros
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What will be on the agenda for talks between Merkel and Tsipras?
Agora. The incentives and risks are considerable. But if this opportunity is wasted, all bets are off. *Jens..., it appears that almost every eurozone finance minister deems it necessary these days to make more or less
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Where has the money withdrawn from Greek banks gone?
Agorabillion euros, were sent off shore. The jump in currency in circulation over the past four months... of the limit on Emergency Liquidity Assistance (ELA), which is revised by the ECB every week, suggests
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Eurobank posts loss of 94.4 mln in Q1 as NPLs, Eurosystem funding rise
EconomyMacroeconomyEurobank kicked off Greek banks’ reporting season for the first quarter (Q1) of the year by announcing a net loss of 94.4 million from 207 million in Q1 2014 and 523.7 million in Q4. Note, though... adding that for every 10 percentage point (pp) increase in the nominal haircut the ELA buffer is reduced
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Newsletter 38 - 07/08/2015
to convene on Friday or Saturday to sign off on the deal before the process of the bailout being agreed... relief, means that Tsipras needs a fresh mandate to implement it. Without it, there is every chance
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