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Greek debt: A case of learned helplessness?
![Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]](resources/toolip/img-thumb/2014/09/29/parliamentfence_1000_myrto2909-medium.jpg "Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]")
Agora- although only 1.5 billion was drawn during the first program - and 21 billion euros to cover the public... maturities and lowering of interest payments of the same volume during the programme’s life, Greece would now... debt than when this miserable experience started. The Bank of Greece estimates that the true reduction
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How Greek banks were left on the brink
Agoraused the EFSF bonds they received during their first recapitalisation process, which were mainly... billion euros, closely matching deposit outflows during this period. Only last week, Greek banks... each, Eurobank at 8 billion and Alpha at 6.2 billion. Those estimates were based on current collateral
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More than a quarter of a million firms affected by enforced closures due to Covid-19
Economyintroduced by the government to support businesses during closure, it is estimated that only around... guidelines, a very limited number of enterprises are allowed to remain operating during... to the latest estimates. In the next phase of its response, the government ordered the closure of all
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Short-term fix for electricity bills leaves open questions for green transition strategy
Societyuneconomical in conditions of low or medium demand. During the first lockdown in spring 2020, when... during the transition to renewables. More broadly, it has highlighted weaknesses in the delivery... permits will have to be met at a significantly higher price. PPC’s own estimates put the emissions from
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Budget marks return of trust, argues Mitsotakis
PoliticsGreek Politicsthrough during the economic crisis. It is now quite common to see the leaders of the main parties.... Additions These stipends were already known, but Mitsotakis added another pledge during his speech... Androulakis to explain where he would find the 600 million euros the government estimates would be needed
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Newsletter 433 - 13/09/2024
grew into a force during the Greek debt crisis. This presents PASOK with an opportunity... presented a total of 45 measures of varying significance during Saturday’s speech, none of which caused... pct in 2024, again below the recent government estimates, to 2.3 pct next year, 2 pct in 2026
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Newsletter 491 - 23/01/2026
a bruising month during which his hesitant response to Nicolás Maduro’s capture exposed deep fissures... billion euros last year. During the eleven months, the current account deficit has dropped... boost for the EU is relatively modest. Estimates suggest a GDP increase of between 0.1% and 0.7% over
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OECD sees recession in 2015-16, stresses need for reform implementation
EconomyMacroeconomyits jobless estimate for 2016 was kept broadly unchanged at 24.8 percent. Greece will remain...In its latest economic forecasts published on Monday, OECD revised downward its GDP estimates... previous estimates in early June, the OECD projected a growth of 0.1 and 2.3 percent respectively. The OECD
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BoG sees 7.5 pct recession, EU funds boosting GDP by 1.9 pct annually
Economyrecession in its previous estimate, to 7.5 pct. This is in line with the European Central Bank’s estimates and is based on the latest official data from ELSTAT, which sees Greek GDP dropping by 7.9 pct... Stournaras presented the central bank’s updated estimates regarding the impact of the pandemic
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In updated forecasts, IMF sees Greece meeting fiscal targets and debt falling
EconomyMacroeconomypercent in 2017. It also underlines the phenomenal fiscal effort during the crisis when, despite.... For 2019, the Fund sees the budget in complete balance, leaving its estimates unchanged from the previous FM. It is worth highlighting the Fund has substantially revised its fiscal estimates since the FM
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