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IMF raises outlook on Greek debt sustainability to merely 'uncertain'
Economyhas a long-standing estimate of the country’s long-term growth rate at under 1 pct on average... the pandemic at 3 pct. The withdrawal of support could cause a cliff effect that might affect insolvencies.... On the fiscal front, the primary deficit is seen dropping to 1 pct of GDP next year, from 7.25 pct of GDP
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Newsletter 307 - 10/09/2021
in his speech at the Thessaloniki International Fair over the weekend. It is estimated that 1 percentage of GDP leads to half a percent of rise in revenues so the economy adding a further 1 pct growth... and beverage sector saw prices increase by 3 pct. There were hikes in various food stuffs, ranging
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Newsletter 316 - 12/11/2021
few months. Trust in the government’s approach stands at 2.6 on a scale of 1 to 5, which... are affecting household budgets with food and non-alcoholic beverages marking an increase of 3 pct... and quarrying. Water supply was up by 1 pct. PodcastsSo long, farewell, auf Wiedersehen Angela
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Govt searches budget for space to adopt more Covid and energy relief
PoliticsGreek Politicson January 3. As of Thursday, restaurants and bars can only seat six people per table, no standing... for the sectors most affected that the latest round of restrictions. The Covid reserves stand at 1... permits, which are expected to generate around 1 billion euros in income. Decarbonisation row
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Newsletter 322 - 07/01/2022
the start of the new term, which included scrapping the 50+1 pct rule for something more stringent... budget. The main pandemic relief measures on the revenue side stem from the 3 percentage point drop... Minister Theodoros Skylakakis, who oversees fiscal matters, argued recently that the 1 billion
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Newsletter 323 - 14/01/2022
his TV interview that the second increase to the minimum wage would come on May 1. The minimum wage was raised by 2 pct on January 1 and the conservatives had promised a second increase at some point... to the price of oil. Food and non-alcoholic beverages were up by 4.3 pct and clothing and footwear rising by 3
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Newsletter 324 - 21/01/2022
to the minimum wage would be adopted on May 1, SYRIZA believes a public backlash against the increasing cost..., they have called for the minimum wage to be raised to 800 euros. The 2 pct increase on January 1... closed with offers exceeding 15 billion euros and the transaction closed at 3 billion euros
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Central govt debt rises again in Q4, reaching 388.3 bln euros
EconomyMacroeconomy(over 5 years) debt made up 74.6 percent of the total, while short-term (up to 1 year) and medium-term (1 to 5 years) debt accounted for 14.6 percent and 10.8 percent respectively. Greece’s cash deposits dropped by almost 3 billion euros to 17.23 billion euros.
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Updated Stability Programme reflects impact of crisis as growth revised to 3.1 pct, rising in 2023
EconomyMacroeconomyis lower by 1 percentage point from estimates. In the adverse scenario, the growth rate drops by 1... insurance contributions by 3 percentage points and abolishing the solidarity levy for private sector
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Public debt jumps by more than 6 bln in Q1, nearing 395 bln in total
EconomyMacroeconomyof over 3 billion euros in bonds and T-bills segment, coming exclusively from bonds. Repos increased...-term (up to 1 year) and medium-term (1 to 5 years) debt accounted for 17 percent and 9.4 percent
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