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Newsletter 474 - 05/09/2025
-controlled housing stock, rented to vulnerable households at 70% of market rates for ten years... to an interesting debate as Greece’s productive model has not shifted and the economy remains heavily..., manufacturing had ten straight months of new order growth, despite export orders falling for the fourth
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Greece and the euro: The flight of Icarus
Agora, as some of the people in the audience today will know very well. Greece saw joining the euro as part... meant structural factors were overlooked. A period of belt-tightening before euro entry saw Greece’s... economic model in which the state was omnipresent. The two-party system that had dominated Greek
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Can the Green Transition be just?
Agoraby soaring fossil gas prices, puts forward a specific model of resource use. The energy crisis bore... Development Fund and the Recovery and Resilience Fund. This model of resource use can help mitigate... for a longer period. Secondly, and more importantly, this model based on subsidy policies does
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BoG report highlights economic challenges, proposes way forward
Economyslightly outpace imports. The BoG reaffirms the strong fiscal performance over the last years, which saw... out a set of policies that will transition Greece towards a “sustainable, extroverted growth model led... into an export-oriented model with high and sustainable growth rates. Greece’s central bank concludes
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PM prepares to reaffirm political dominance in EP elections
PoliticsGreek Politicsthat Greece should adopt the Swedish model when it comes to tertiary education. Pierrakakis argued that no other country has adopted the Swedish model in its entirety. The latest opinion poll from Pulse... by 1 point to 29.5 pct, while PASOK’s ratings also dropped by half a point to 12 pct. SYRIZA saw its
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PMI falls to 46.9 pts in June in ten straight months of contraction
EconomyMacroeconomyGreece’s Manufacturing PMI eased by 1.1 points to 46.9 in June from 48 in May, according to Markit. The headline figure indicates the second lowest reading in the last two years, while remains below the 50-point mark implying a contraction for the tenth...
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Budget deficit of 6.38 bln in Aug confirmed; target beaten due to one offs
EconomyMacroeconomyThe budget primary balance was confirmed at a deficit of 6.38 billion euros in the first eight months of 2021, compared with a deficit of 5.48 billion in the same period last year, the final Finance Ministry (MoF) budget execution data showed on Monday....
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VAT and income taxes buoy revenue performance as primary surplus target is beaten in Sep
EconomyMacroeconomyThe budget primary balance in September was confirmed at a surplus of almost 6 billion euros, compared to a surplus of 52 million euros in the same month of 2022, according to the final Finance Ministry (MoF) budget execution data released on Wednesday....
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Government lines up new zoning scheme, fuelling debate over growth model
PoliticsGreek PoliticsThe government has unveiled its plans to introduce a new zoning plan, which it says will restore some order to construction activity in Greece but which others fear will pave the way for more building in areas outside of the updated scheme. The new plan...
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BoG sees sustained growth, argues challenges require wide-ranging policy interventions
EconomyMacroeconomy-ranging policy response to improve Greece's economic performance and social cohesion. The BoG makes ten policy recommendations which include policies to reduce inflation, especially in food and services... again exceed expectations. The BoG also outlines various challenges that the Greek faces, ranging
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