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Opposition tries to pin government down over last year's Plan X
PoliticsGreek Politicswith the so-called Plan X that former Finance Minister Yanis Varoufakis worked on during the first half... a range of government officials, Plan X was never intended as a blueprint for Greece to follow... an institutional role. The government’s assertion that Plan X does not hide any dark plans
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Reflections on Greece's balance of payments
Agora: consumption (C), investment (I), exports (X), and imports (M). Thus, when demand is equal to supply: Y = C + I + X - M. X - M describes the exports to abroad of what Greece produces in goods... domestically (including energy such as crude oil and natural gas). The balance X - M is called the “foreign
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SYRIZA unveils array of pledges to win over voters ahead of July 7 vote
PoliticsGreek Politicsfor snap election on July 7, Prime Minister Alexis Tsipras presided over the unveiling of SYRIZA’s... a leading role in the campaign for the July 7 vote as SYRIZA tries to present a more friendly face... content of the manifesto, the emphasis was put on 12 policies that are designed to appeal to mostly
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Time deposit rate slips 12 bps in Oct, average loan rate rises by 29 bps
EconomyMacroeconomyAfter remaining almost flat in September, Greek households’ new time deposit rate fell by 12 basis..., the weighted average rate on total new deposits eased by 7 bps to 0.62 percent in October, which... edged up by 12 bps to 2.48 percent in October. The rate for consumer loans without a fixed maturity
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Greek exports up 7 pct in October, reach highest monthly level for 2014
EconomyFollowing a downward trend in the preceding three months, Greece’s exports rebounded by 7 percent... is the highest reading in the year to date. In addition, the 12-month trailing index is down 7 percent... highest figure in the 10-month period. Nevertheless, the trailing index over the past 12 months exhibits
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Wages rise by 7 pct, offset by 7.8 pct 12-month rolling CPI
EconomyMacroeconomyworkers. Gross earnings in May this year were up by 7 pct, largely incorporating the rise... grew by 5 pct, with the cumulative growth since 2019 up by 14 pct. Of course, the 7 pct increase up... over the period. Also, despite the rise by 12 pct in the average wage since May 2021, over the last
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Newsletter 7 - 12/12/2014
” (7) by three. The numbers involved mean that the coalition will need to draw heavily from at least..., Independent Greeks 12 and DIMAR 10. There are also 24 independents. If at least nine of the non-aligned... from the HFSF’s coverage of the funding gap of 12 banks (net value of assets minus liabilities
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New time deposit rate fell 12 bps in August to record low of 1.19 pct amid capital controls
EconomyMacroeconomyFollowing a sharp drop by 50 basis points (bps) in July, Greek households’ new time deposit rate fell by another 12 bps to 1.19 percent in August Bank of Greece (BoG) figures showed on Thursday... on total new deposits down 7 bps to 0.71 percent in August, which is the lowest reading in the post
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Greek recession slowed from revised 7 pct in 2012 to 3.9 pct last year
EconomyMacroeconomyto -7 percent from -6.4 percent before. The final GDP contraction for 2013 is now marginally below... by non-residents increasing by 14.9 percent to 12 billion euros. The fluctuation of exports
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Lower foreign arrivals lead to 7 pct drop in April travel receipts
EconomyMacroeconomyGreece's travel receipts fell by 7 percent in April after a short-lived rise by 8.2 percent in March, Bank of Greece (BoG) figures displayed on Wednesday. In absolute terms, travel receipts stood... inbound traveller flow for the UK grew by 12 percent. In contrast, arrivals from Germany and France
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