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Newsletter 351 - 16/09/2022
on to make historic decisions: Either we continue moving forward or we turn back. Either we give... recorded its first back-to-back contraction for the first time since the last quarter of 2020, falling
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Moody's, DBRS keep ratings unchanged, leave no doubt that fiscal prudence is key for next moves
Economygrade, DBRS had upgraded Greece by one notch back in March, whereas Fitch has kept Greece at ‘BB... it was scheduled back before the summer. Moody’s acknowledges that Greece has made significant progress over... on the back of weaker disposable income because of inflation and lower investment as rates will rise
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Newsletter 352 - 23/09/2022
the current 713 euros. Tsipras also pledged to bring back the so-called “13th (monthly) pension,” which SYRIZA had paid out before leaving power in 2019. He proposed rolling back some of the labour... have not changed appreciably, from 11.1 pct in July to a peak of 12.1 pct in August back down to 11.4
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Newsletter 356 - 21/10/2022
. This is despite the fact that nine out of 10 respondents told ALCO that they will need to cut back on heating their homes this winter, while 71 pct said they have already cut back on basic purchases. In a poll... and the funds which were plugged into banks being wound down and acquired by the systemic banks back
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Reflections on Greece's balance of payments
Agorasuddenly dried up in late 2008, Greece had no choice but to cut back spending. This caused the sense..., not even the Troika. After the dust settled in 2014-2016, Greece has once again gradually crept back... for the Long Journey Back to Debt Sustainability" published in 2020. Jens Bastian is senior policy
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Tracking Greece's fiscal performance
Agora. Almost back to balance. Figure 1 shows clearly that the fiscal balance was hit severely during... perceived by Greece on government borrowing are not market rates. But, Greece will want to get back... of "The Macroeconomy of Greece: Odysseus' Plan for the Long Journey Back to Debt Sustainability" published in 2020
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After three quarters of contraction, wages rise by 7.3 pct in Q3
EconomyMacroeconomyGreece’s seasonally adjusted (SA) Wages Index moved back to positive territory in the third quarter (Q3), rising by 7.3 percent year-on-year (YoY) after dropping by 0.9 pct in the previous quarter...-seasonally adjusted (NSA) wages index increased by 11 percent YoY in Q3, in back-to-back growth
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OECD sees recovery slowing, urges fiscal discipline
EconomyMacroeconomygrowth this year on the back of private consumption growing by 1 pct, investments rising by 15.5 pct... pct of GDP, as support packages have set back the investment grade objective and Greece needs to get back to fiscal discipline and a downward debt path to reach the goal. The report also urges
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Mitsotakis asks voters for four more years to deliver high-wage, low-tax programme
PoliticsGreek Politics’t picked a party to back in the elections. Around 27.7 percent said they were weighing between ND..., SYRIZA leader Alexis Tsipras tried to renew pressure on the smaller parties of the left to back... against the possibility that they might be called on to back a SYRIZA-led government, either
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Far-right party banned, possibly reducing threshold for election majority
PoliticsGreek Politicsof the voters who were due to back Ellines. However, he also accused PM Kyriakos Mitsotakis of hypocrisy... voters are seen moving to ultra-nationalist Greek Solution, while 20 pct are expected to back 2... that intend to back SYRIZA. This suggests that the two main parties have little to gain in terms
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