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Where is Odysseus? Part 5 - Productivity
AgoraAs in our previous four monthly blogs, we continue to trace the progress of modern-day Odysseus, who started a long voyage in 2018 to help bring Greece back home to a sustainable and prosperous... estimate of productivity growth for this period is 0.19 percent (less than half Odysseus’ objective
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Where is Odysseus? Part 6 - Potential real GDP
AgoraAs in our previous five monthly blogs, we continue to trace the progress of modern-day Odysseus, who started a long voyage in 2018 to help bring Greece back home to a sustainable and prosperous... potential growth estimate and that in 2018 may seem small to many readers, but this difference keeps
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Newsletter 373 - 10/03/2023
to renege on 400 million euros of investments in modern rolling stock. Earlier in the week... will not get booked against the public debt. The first GDP estimate by ELSTAT showed that the economy
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Athens expands survey area off Crete, signs MoU with Egypt
PoliticsForeign PolicyExclusive Economic Zone. In 2019, before signing its memorandum with Turkey, Libya reacted against...). This was calculated by moving its median line northwards. After the signing of the Turkey-Libya memorandum in 2019, new data was generated and Libya could argue that the entire area south of Crete
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IMF comments, blog leave no doubt credible debt relief has to be agreed soon
EconomyProgrammeAlmost two weeks after the publication of its Article IV consultation report on Greece, including its updated debt sustainability analysis, the IMF published on Thursday evening a blog with the Fund’s perspective on dealing with sovereign debt. The article is written by Sean Hagan, general Counsel
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About last night
AgoraThe most tumultuous period in Greece’s modern history concluded in the middle of the night.... That period is probably the biggest political miscalculation there has been in Greece in modern times. Just... buffer came in line with expectations. The Eurogroup statement estimates the cash buffer
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Athens pleased with Washington talks despite lack of definitive US position on Turkey
PoliticsForeign Policyactions in the East Med and Libya. The Greek government has many times since Tuesday tried to play down... replied: “when you're talking about Libya, we're discussing with President Erdogan, we're discussing... talked about that subject specifically — Libya and what's going on. We'll be talking to Russia
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Newsletter 231 -06/12/2019
reaching an agreement with Libya last week to delineate maritime borders in the Mediterranean. Athens has labelled the deal “illegal,” arguing that Libya’s prime minister does not have the legal... after a revised increase of 1.3 percent in Q2, provisional estimates from the Hellenic Statistical
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Ankara tension tops govt agenda, overshadowing social dividend and primary residences
PoliticsGreek Politicsthe spat with Turkey over its signing of an agreement with Libya regarding the delimitation... is in control of all of Libya, and Prime Minister Kyriakos Mitsotakis reportedly told Turkish President... with disabled children under the age of 24. The total outlay is estimated at 175 mln euros “The one-off
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Government tables 2016 budget, upgrades GDP forecasts but leaves fiscal estimates unchanged
EconomyMacroeconomyestimates released in early November, which saw a GDP contraction of 1.4 percent. For next year, the EC and OECD expect a recession of 1.3-1.4 percent above the budget’s estimate. The upgraded MoF forecasts..., nominal GDP is now expected at 175.66 billion in 2015 (up by 1.92 billion from previous estimate
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