Search
-
Covid-19 leaves Greece facing 200 pct debt-to-GDP ratio in 2021, long road to sustainability
EconomyProgramme, it is not before 2050 that the debt stock will converge to the previous estimate of around 85 pct of GDP... in the previous estimates. In terms of the debt-to-GDP ratio, Greece was expected to have a debt level
8% -
BoG warns pandemic will leave trail of bad loans, hastening need for new tools
EconomyBankingwith the Finance Ministry’s estimate of 4.8 pct growth for 2021. BoG notes that, based on experience... on the banks’ own prudential funds. BoG estimates that as a result of the crisis new NPEs will range between 8
8% -
FinMin tables recovery budget, foreseeing across-the-board improvement in key numbers
EconomyMacroeconomy, or 0.9 pct of GDP, higher from the MTFS estimate by roughly 1.1 billion euros. The ministry has also..., at 1.1 pct of GDP. Both figures are above the MTFS estimates by roughly one billion euros, where
8% -
Fitch improves outlook to positive, sees investment grade hinging on fiscal performance and banks
Economyis significantly higher than the 4.3 pct estimate in July last year when it published its previous review... that Fitch estimates at 18 pct of GDP at the end of 2021. The agency highlights the significant progress
8% -
Enhanced support package on way to combat inflation, as govt awaits crucial nod from EU
PoliticsGreek Politicsfor natural gas. Industry sources, however, estimate that wholesale cost rises this month will leave... estimates that the total cost of measures will more than double from 2 bln euros to between 4-5 bln
8% -
Government accused of complacency on food supply and price hikes
PoliticsGreek Politics. One estimate put the annual increase in the price of fertilisers at over 165 pct. Against... of shortages resulting from the war in Ukraine. The supermarket sector estimates that the price
8% -
Opposition challenges government account of prompt wildfire response
PoliticsGreek Politicsthe New Democracy administration of arrogance and misplaced priorities. A preliminary estimate puts... of protecting human lives was accomplished through prompt evacuations. According to official estimates
8% -
Newsletter 354 - 07/10/2022
to be a reserved estimate as receipts are expected to match the 2019 season of roughly 18 billion euros from... euros that the Finance Ministry had included in its 2022 budget estimates. The budget of 2022 assumed
8% -
EC cuts 2023 growth forecast by more than half to 1 pct
EconomyMacroeconomyIn the European Commission’s autumn economic forecasts just released, Brussels confirmed a solid year of growth for Greece in 2022 and a significant downward revision of next year’s estimate. Greece... appears to be more entrenched compared to previous estimates, when in the summer the Commission
8% -
BoG revises 2023 growth to 1.5 pct as short- and medium-term challenges persist
EconomyMacroeconomy. This compares to a 1.8 pct growth estimate by the Finance Ministry in the final 2023 budget and 1 pct by the European Commission in its winter forecasts. The BoG is more modest in its estimates of investment
8%