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The Agora podcast - Episode 1 (Greece & Covid-19)
AgoraOur first podcast is on (what else?) the coronavirus. Host Nick Malkoutzis discusses with MacroPolis co-founder Yiannis Mouzakis and the website's features writer Georgia Nakou about how Greece has coped with the public health challenge of Covid-19 and ...
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Budget primary deficit at 8.14 bln by end-May, almost 1 bln off target
EconomyMacroeconomyThe budget primary balance was confirmed at a deficit of 8.14 billion euros in the first five months of the year, compared to a deficit of 4.84 billion in the same period of 2020, the final Finance Ministry (MoF) budget execution bulletin for May showed...
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IMF trims 1 point off 2022 growth, makes major revision to inflation forecast
EconomyMacroeconomyThe International Monetary Fund (IMF) released its latest global macro and fiscal estimates in the context of the spring meetings currently held in Washington, capturing the impact of inflation on growth. Specifically for Greece, growth for this year wa...
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Poverty rate rises in 2021; even after social transfers 1 in 4 children are at risk
SocietyThe latest living conditions published by ELSTAT on Friday shows that poverty resumed an upward trend in 2021 after a series of declines that started in 2014, with 2020 marking the most recent annual low. The risk of poverty threshold has dropped to 5,2...
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Credit flow turns negative in July with outflow for corporations at 1 bln
EconomyMacroeconomyThe credit expansion in the Greek private sector kept up its recent pace in July, rising by 6.4 percent year-on-year (YoY), from 6.1 percent in the previous month, Bank of Greece (BoG) figures released on Wednesday showed. The net lending flow was negat...
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Current account at 1 bln surplus in Jan, goods deficit at 2.91 bln
EconomyMacroeconomyGreece’s current account was in surplus in January of 1.02 billion, from a deficit of 3.6 billion euros in December, Bank of Greece (BoG) data showed on Monday. In January 2024, the balance showed a surplus of 1.8 billion euros. The Bank of Greece notes...
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Samaras tax cut pledges aimed at MPs rather than voters
PoliticsGreek Politicsthat the reduction in the heating oil tax will lead to consumers paying up to 12 cents less per litre... is hoping that it will be able to offer up to 100 tranches from the 12 now on offer. This would... and are growing by an average of around 1 billion euros per month. Samaras also confirmed the government would
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All the numbers that matter in the Greek presidential election
PoliticsGreek Politicsor February 1. The numbers At the moment the government has 155 MPs (New Democracy 127 and PASOK 28... Greeks 12, the Communist Party 12 and Democratic Left (DIMAR) 10. In the middle there are 24 independent
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Conditions for Greek ECCL reportedly outlined in German document
EconomyProgrammeof the current troika review. The estimated duration of the ECCL is 12 months. The amount provided... that Greece’s funding needs for 2015 range between 6 and 12 billion euros. This means that the 10.9... been fulfilled. The German document outlines the key conditions for the ECCL: 1) Elimination of any
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Sharp monthly rise in unpaid taxes to 1.59 bln for November
EconomyMacroeconomy. The first indicator refers to legacy debt collections targeted by the Finance Ministry (MoF) at 1 billion..., the actual figure fell short of target as it reached 12 percent. In all likelihood, the 12-month.... More specifically, collected taxes from audits on large corporates fell to 12 percent in the 11-month
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