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Newsletter 329 - 25/02/2022
on the budget, but also appears sceptical about the impact of interventions that might not have an impact... year, a fiscal turnaround of close to 3 pct of GDP. According to the Finance Ministry’s budget... to subsidise energy bills has already reached 2 billion euros. The situation in Ukraine has created
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Govt mulls more tools against inflation as cost of living set to soar
PoliticsGreek Politics. The government is running out of fiscal space for further support measures. A revision of the budget expected... in the original budget, tourism revenues reduced by at least 5 pct on 2019 levels, and growth one percentage point below the original 4.5 pct. Around 2 billion euros have been earmarked for energy
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Electricity price shock, pressure on phone-tapping take shine off surveillance exit
PoliticsGreek Politics. This will require a hefty contribution from the state budget as it is almost certain that the dedicated... euros/KWh from the suppliers’ 0.68-0.78 euros/KWh. Overall, the impact on the state budget has been revised from the original estimate of 850 mln euros until the end of the year to 2 bln euros, with most
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Speculation over polls heats up as parties battle over cost-of-living measures
PoliticsGreek PoliticsOrthodox Easter on April 16 and university entry exams starting on June 2. It is also complicated... budget. The government is not hiding its hope that negotiations in Brussels will deliver a substantial EU... as they could impact growth, inflation and borrowing costs. Some relief for the budget came from
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Government dampens expectations for handouts in PM's speech
PoliticsGreek Politicsto set aside between 1.5 and 2 billion euros to allocate to taxpayers via various assistance packages... primary surplus target of 0.7 pct of GDP will be put at risk. The point is also made that the budget... of the year, when there is a clearer picture regarding the final budget execution data for 2023, which
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Several obstacles on narrow fiscal path to new tax cuts
EconomyMacroeconomypress that after a successful 2024 that brought in an additional 2 billion euros from tackling tax... tax also for companies. The budget ended 2024 with another outperformance which affirms the solid.... The primary surplus came to 3 pct of GDP, from 2.5 pct initially expected and the budget was essentially
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Interest Rate, Households Deposits, Old, Up to 2 years maturity
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Interest Rate, Non-Financial Corporations Deposits, Old, Up to 2 years maturity
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Eurosystem funding down by 2 bln in Oct for fourth straight fall
EconomyMacroeconomyGreek banks’ Eurosystem funding continued heading south for the fourth straight month in October, when it eased by 2.01 billion euros from a 2.67 billion drop in September, the Bank of Greece's (BoG) monthly financial statement showed on Monday. Since J...
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Economic sentiment and consumer confidence rebound by more than 2 pts in Dec
EconomyMacroeconomyGreece’s economic sentiment (ESI) improved by 2.2 points to 94.6 in December after falling by 1.4 points in November, European Commission (EC) figures showed on Friday. The headline figure in December is the highest reading since March 2015, when ESI st...
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