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New cabinet meets with focus on fire fallout, policy roadmap
PoliticsGreek Politics. As of September 1, they have been suspended from work but the new minister said he is willing... 1. Plevris, who is already facing scepticism because of extreme views he has expressed on issues... for the supplementary pensions of new entrants into the jobs market from January 1. A new state body
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Piraeus records loss of 3.09 bln as aggressive NPE reduction carries impairments
EconomyBankingeuros securitisations of Phoenix and Vega in Q2 2021, 7 billion euros of Sunrise 1 in Q3 2021 and 3... Sunrise transformation plan, which is due to be concluded with 1 billion euros of Sunrise 3 in early... in Q2. Tier 1 ratio was 11.7 pct and 13.2 pct pro forma. The total capital ratio was at 14.4 percent
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Inflation to persist, creating more economic policy challenges
EconomyMacroeconomynot changed its inflation estimate for this year, which had a GDP deflator of 1 pct and a harmonized... to circa 1 pct of GDP, from roughly 7 pct last year. The latest package announced for energy subsidies..., at least into February. Since September, the authorities have committed more than 1 billion euros
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Newsletter 328 - 18/02/2022
Democracy leader also trailed a generous rise to the minimum wage from May 1, although he did not speculate... the 2 percent increase adopted on January 1. On the pandemic, the PM said he expects that the situation... inflation of less than 1 pct in the final budget submission. Real GDP will be lower as it will have
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Covid restrictions to be relaxed but public fixated on cost-of-living crisis
PoliticsGreek PoliticsPlevris announced that from May 1 vaccination certificates will not be needed for outdoor and indoor... to operate at full capacity. From June 1, masks will not have to be worn indoors, although there will be some..., support for ND stands at 30 pct, down 1 point on last month, while SYRIZA’s backing is at 24.5 pct
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Newsletter 340 - 03/06/2022
, are evident in the latest PMI release that hit the lowest in over a year at 53.8, down by 1 point..., consumption is seen lower by 1 percentage point and investment down by 2.2 points, leading to a real GDP deviation from the baseline estimate of 1 percentage. It is becoming increasingly evident
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Broad impact of inflation crisis becoming clearer
Agorarelease that hit the lowest in over a year at 53.8, down by 1 point, although still in expansion... the scenario of higher inflation by 2 percentage points in the current year, consumption is seen lower by 1... estimate of 1 percentage. It is becoming increasingly evident that unless tourism can absorb much
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Newsletter 350 - 09/09/2022
this year and turn that into a 1 pct of GDP primary surplus next year. This will require a fiscal... formation dropped QoQ by 1 pct, the first quarterly drop since the last quarter of 2020... pct and exports rose by 2.5 pct. On the other hand, gross fixed capital formation shrunk by 1 pct
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Tailor-made Maastricht criteria for Greece?
Agora1995-2021, compiled by Eurostat, for the EU27 as a whole and for Greece (Table 1). Growth and inflation..., are likely to be around ¾ percent a year on average (a baseline scenario).[1] We assume that the ECB... is senior policy advisor at ELIAMEP. [1] The demographic and productivity calculations were done
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Newsletter 359 - 18/11/2022
’s voting intentions, support for New Democracy has dropped by more than 1 percentage point since..., it will grow by just 1 pct, mostly due to tighter monetary conditions, and ongoing loss of disposable... challenging from next year as Greece has committed to delivering a primary surplus in the region of 1
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