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Newsletter 415 - 08/03/2024
grew by 3.7 pct thanks to a solid tourism season that favoured exports of services, to a total..., taking the total for 2023 to 13.4 pct, from 11.9 pct in 2022. The market has grown each year since... budget for 2023, the Finance Ministry expected fixed capital formation to grow by 15 pct in 2023
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Tsipras starts to flesh out SYRIZA's economic policy but questions remain
PoliticsGreek Politics- and medium-sized enterprises. Tsipras said these lenders would be given a total starting capital of 3 billion... instalments with taxpayers who are in arrears. At the moment the total tax and social security...) has yet to use to improve Greek banks’ capital adequacy. Tsipras said a SYRIZA government would also
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A breakdown of Tsipras's pledges on economic strategy in Thessaloniki
Economy, while loan servicing will be downward adjusted so that the total obligations for bank loans, unpaid... euros (currently at 11 percent of total unemployed) will increase based on social criteria, without... bank and banks of special purposes that will be established. The cost of capital for the intermediate
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The numbers behind Greece's reform proposals
EconomyProgrammestamps. The total cost of the first pillar was estimated by SYRIZA at 1.86 billion euros and also... tenders ultimately leads to large total expenditure, Mardas stressed. According to European... obligations to banks. The cost of capital for this entity was estimated by SYRIZA at 2 billion euros
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Referendum and the ECB to determine the future of Greek banks
Economypercent of total collaterals with loans following suit at 30 percent. Overall, the collateral pool... an average haircut rate of 40 percent on the total ELA liquidity of 115 billion (current ELA usage... forced a bank holiday and capital controls until July 6, one day after the referendum. This means
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Industrial turnover fell 13.4 pct in June for second biggest drop since Oct 2009
EconomyMacroeconomyonly a fraction of the total industrial turnover with a minimal impact on the overall evolution... activity. “Although manufacturing represents only a small proportion of Greece’s total productive output... plunged 34.1 percent, while capital goods posted a mid-single digit drop of 4.9 percent. In contrast
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General gov't figures shed more light on course of spending, revenues during crisis
EconomyMacroeconomyin 2015. The combined effect of higher primary expenditure and lower interest payments led total... the same six-year period by a total amount of 30.76 billion with the deficit landing at 5.6 billion... in 2015. This improvement largely reflects an increase in capital transfers by 853 million to 5.42
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Newsletter 109 - 03/03/2017
million in January. Total deposits, which also include those of the general government (gg) as well... in January. The lower negative flow in total deposits is fully attributed to other eurozone... and offshored funds returns to banks since capital controls Meetings between the institutions’ mission chiefs
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Newsletter 115 - 21/04/2017
by 1.21 billion to 12.91 billion, while stripping out arrears payments the rise in total expenditure..., while mining and quarrying turnover, which makes up only a fraction of the total index, increased.... Finance Minister Euclid Tsakalotos led the Greek delegation to the US capital, where he is due to hold
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About to soar? Greece's economy still needs to be handled with care
Agoraon August 3 by a total of 1.6 billion, currently standing at 38.9 billion euros, from 91 billion in mid-July... at the end of July, over 42 percent of the total. Tax refunds were the next major contributor at 1.52 billion.... The banking system is still constrained by capital controls, credit is in negative territory since
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