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  1. Newsletter 109 - 03/03/2017

    Newsletters

    of banknotes to and repatriation of funds in the Greek banking system since the imposition of capital controls at the end of June 2015. Specifically, the net inflow of banknotes to the domestic banking system.... The banknotes’ inflow of 7.7 billion and the repatriation of funds and deposits worth 7.9 billion led

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  2. Newsletter 458 - 04/04/2025

    Newsletters

    Mitsotakis has approved pay increases for members of the armed forces and paved the way this week... Minister Nikos Dendias confirmed last Friday that members of Greece’s armed forces would see their pay... become contentious in recent days following the PM’s announcement of pay rises for armed forces

    18%

  3. Newsletter 364 - 23/12/2022

    Newsletters

    would also be applied to public sector pay, translating to an automatic 10 percent increase, while.... This is broadly in line with the European Commission’s estimate published about a month go, which... regarding next year. In its review in October, S&P presented an estimate of 1.7 pct growth in 2023. Also

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  4. Athens takes plunge on gas exploration, sees hope in Israel-Lebanon deal
    Image: https://flic.kr/p/2nYAi5M

    PoliticsForeign Policy

    and the island of Crete. "We want to make an opening with Libya as a whole, so that we can finally... located in the area between Greece and Libya," Mitsotakis said in an interview with ANT-1 TV, last Monday. It appears that Athens has decided to begin surveys in response to the recent Turkish-Libya

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  5. Newsletter 136 - 20/10/2017

    Newsletters

    the perceived lack of tangible results from the trip. would only pay 1.1 billion euros of this total..., missing the target by 101 million euros. The Hellenic Statistical Authority’s (ELSTAT) second estimate... in real terms last year rather than the 0 percent estimate released in March. In nominal terms

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  6. EC revises growth estimate upward to 4.1 pct this year, 6 pct in 2022

    EconomyMacroeconomy

    The European Commission updated its economic estimates for Greece in the context of the 2021 Spring Forecasts, where the estimates are slightly improved from the previous forecasts in February... estimates assume the relief measures that have so far cushioned the blow on the economy will not be cut

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  7. Mitsotakis backs Ukraine as Athens tries to balance position with Trump administration

    PoliticsForeign Policy

    to the US president, who seems to not pay attention to international law, he insisted that in any... with the Government of National Accord (GNA) of Libya in November 2019. He clarified that the project is a European... of 2023, Turkey would automatically and ceremoniously withdraw from the Turkey-Libya memorandum. We

    17%

  8. IMF upgrades Greece’s GDP and unemployment rate estimates
    Photo via IMF photostream on Flickr [https://www.flickr.com/photos/imfphoto/]

    EconomyMacroeconomy

    to an estimate of a 0.6 percent GDP contraction in the previous WEO. It is worth noting that this is the most... with the European Commission (EC) estimate, while OECD expects Greek GDP to slip 0.2 percent this year... 2.7 percent previously. The government and the EC estimate the Greek economy will recover by 2.7

    17%

  9. EC forecast acknowledges pressure on Greek households, revises down growth
    Photo by Angelos Christofilopoulos/Fosphotos

    EconomyMacroeconomy

    . The estimate for next year was also downward revised to 2.3 percent, also from 2.5 percent... consumption is now seen growing by 0.5 percent this year and 0.9 percent in 2019. The estimate for 2018... the previous estimate of 11.5 for 2018 and unchanged for 2019. Exports are seen performing strongly, assisted

    17%

  10. As Bank of Greece lines up Stournaras to take over, it reveals how risky things got during crisis

    EconomyMacroeconomy

    demand and supply. The first finding comes from the value of banknotes in circulation, which more than... on the demand for banknotes. The BoG report showed that the number of bundles (1,000 banknotes of the same... elections was the amount of banknotes’ reserves of BoG, which corresponded to 13.8 percent of banks

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