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Newsletter 220 -20/09/2019
almost 3 billion euros to the International Monetary Fund, a move the government hopes will leave... activity this week centred around plans to pre-pay almost 3 billion euros to the IMF ahead of schedule...’ approval put the process on hold. Greece’s quota with the Fund is just above 3 billion euros
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Hotel owners sound warning over Thomas Cook revenue losses
EconomyFeatureswere 1, 2 or 3 star establishments, 32 percent were 4 start and 21 percent were 5 star. The lower.... Specifically, the amount of turnover generated via Thomas Cook for 1, 2 and 3 star hotels came..., while those with 2 stars faced a loss of 58 percent. Hotels with 3, 4 and 5 stars faced losses of 39
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Newsletter 245 -27/03/2020
Staikouras, admitted that Greece is on course for an economic contraction of 1 to 3 pct this year due... problems and only 3 percent expected the epidemic to have no lasting impact on their business... outflows of 349 million euros in January. Loans to sole proprietors edged down by 3 million euros while
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Greece braces for recession, hopes to bounce back from summer onwards
Economyadmitted that Greece is on course for an economic contraction of 1 to 3 pct this year due to the virus... losses to exceed 3 billion euros. With city hotels already shut, resorts will soon face the challenge... primary surplus, of close to 3 pct of GDP, in the coming years to bring down its debt following
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General govt primary cash deficit at 5.48 bln in June as tax revenues fall
EconomyMacroeconomyof 71 million euros. Expenditure rose by 1.11 billion euros (+3 percent YoY) to stand at 38.09... and services (-201million), subsidies (-194 million)and interest paid (-3 million). Arrears Arrears...) and state budget (-3 million). At 31.2 percent of the total, hospital arrears make up the majority
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Newsletter 261 -07/08/2020
. Expenditure rose by 1.11 billion euros (+3 percent YoY) to stand at 38.09 billion euros. The main driver...), subsidies (-194 million)and interest paid (-3 million). Arrears to the private sector (including tax refund...) and SSFs (+1 million). Drops were seen in tax refunds (-91 million) and state budget (-3 million
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Draft budget sees EU funds fuelling recovery of 7.5 pct in 2021, after 8.2 contraction this year
EconomyMacroeconomyto September this year, it would shave off 3 percentage points of the growth to 4.5 pct, with a fiscal impact of 2 percentage points, leading to a primary deficit of 3 pct of GDP. Fiscal On the fiscal... insurance contributions by 3 percentage points will have a fiscal impact of 816 million. Abolishing
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The allocation of labor resources in Greece and the EU-27
Agoradriving this process is the political system. This leads us to Figure 3 (above). Figure 3 shows which.... But this belief is not backed-up by the reality on the ground. Figure 3 shows that ND increased employment
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Productivity developments in the Greek public and private sector
Agora. But the trend line highlights that the downward trajectory started years before Covid-19 struck. Figure 3... and productivity growth.[3] These reforms are as important in the product markets as they are in the labor markets... technical challenges in measuring government productivity. [3] The Pissarides Report (led by Nobel
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The case of SYRIZA's fiscal performance
Agora—cautious management to keep the primary balance strong (3 percent of GDP surplus on average) and renewed... distribution towards higher-income earners.[3] One new element in the mix is that Greece has submitted... remarkably under the SYRIZA government. [3] See for instance, the paper, published by LSE’s
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