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On the Greek crisis and German imbalances
Agora. This is amplified by the understanding that German economic moralism is more akin to Kantian absolute ethics than... faster rates than was the case in a Greek economy captured by oligopolies in e.g. Food and Petrol... than was the case for Cyprus. This author had taken a strong stance against this advice for the case
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June deposit outflow rises to 7.58 bln as total balance drops to lowest in 12 years
EconomyMacroeconomy, which is the lowest reading in more than 12 years, since November 2003. In addition, June outflows... corresponding to a sharp drop by more than 26 percent on the end-November balance of 164.3 billion. Almost... and savings withdrawals of 2.3 billion each. In addition, more than 47 percent of the 7-month
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European Commission evaluates impact of bailout programme
EconomyProgrammeof pensions for those covered by OGA who have contributed for less than 15 years. 9) Gradually phase out... that currently more than one-quarter of all new retired people from the main private pension fund... (currently 30 percent lower than the rest of Greece) will be eliminated by the end of 2016 starting
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Opinion polls indicate fragmentation, close election race
PoliticsGreek Politics, it appears that the contest is building up to be much more closely contested than seemed the case... fewer than the 25 that broke away from SYRIZA to form the party 8) The post-September 20 Parliament... of Greeks (more than two thirds) want to remain in the euro and believe that the third bailout
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Newsletter 41 - 04/09/2015
in a position to form the next government. Meimarakis starts from a better position than Tsipras... on 20 September is small, say less than 2 percentage points, it is difficult to see how one could govern... than the flitty SYRIZA that took Greece to the edge of a euro exit this summer. But when it comes
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Economic sentiment rebounds in September after six-month drop
EconomyMacroeconomydisplayed high fluctuation in the 3-year period until Jun 2012 but improved by more than 26 points until... surged, albeit with high volatility, by more than 53 points to -30.6 in February 2015. Since... plummeting by more than 33 points in the preceding two months, services confidence surged by 27.7
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Revised data shows economy shrank by higher rate of 21.4 pct from 2010 to 2014
Economythe recession was more than 1.3 billion deeper than previous estimates suggested. The breakdown...), which corresponds to lower investments of more than 19 billion for the 5-year period. At the same time, the cumulative rise in exports (16.2 percent) was lower than the 18.1 percent released in March
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Budget execution slips in Sept as 3.08 bln primary surplus turns to underperformance
EconomyMacroeconomyin Public Investment Budget (PIB) expenditure to 607 million euros from a cumulative figure of less than... was partly offset by lower expenditure (by 3.1 billion) and a better than expected PIB balance (by 929... revenues of more than 5.7 billion in each of the next three months for the new full year target
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Newsletter 48 - 23/10/2015
reports indicate it could not fall below 20 percent or more than half of the current levels. Greek banks... the HFSF, Alpha and National do not have any shareholder controlling more than 5 percent of their share..., stemmed from the political – rather than personal – implications of the comment. It is clear
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Now comes the really hard part
Agora. In the intervening period, more than 40 billion euros in deposits were withdrawn from Greek banks... at less than 120,000 euros will enjoy protection. If this is implemented, it could have a dramatic effect... in the coming years only being able to claim a basic state pension of less than 400 euros per month, while
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