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Budget primary shows deficit of 7.01 bln in September
EconomyMacroeconomyThe budget primary balance recorded a deficit of 7.01 billion euros in the first nine months of 2020, compared to a surplus of 4.47 billion noted in September 2019, the final Finance Ministry (MoF... during the first nine months of the year. Personal income tax (PIT) was below target by 763 million
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Does the EU Commission suffer from optimism bias? (Part 2)
Agorabias. We noted that the long-run outlook for real GDP growth in the EU27 as a whole appeared.... Kahneman explains the “optimism bias.” The optimism bias is prevalent in groups that constitute.... Kahneman is quite assertive when he writes that: “…the optimistic bias is a significant source of risk
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Does the EU Commission suffer from optimism bias? (Part 1)
Agorafrom the “optimism bias,” which tends to lead the Brussels institution to making forecasts about potential growth that are too generous. This, in turn, imparts an excess debt bias, putting pressure... that, with this modeling strategy, the future will disappoint is high. The bias is not innocent. Local member states use
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Podcast - Long live the revolution: The legacy of Greece's 1821 war of independence
AgoraGreece is celebrating the 200th anniversary of its war of independence, which began in 1821 and allowed Greeks to free themselves of Ottoman rule and oppression, and form their own nation-state. To mark this occasion, we spoke to Sakis Gekas, the Hellenic Heritage Foundation (HHF) Chair of Modern
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Bulgaria's Covid-19 vaccination fiasco: excessive risks, mediocre results
AgoraBiotech and India’s Bharat Biotech. A question of price While the exact prices the different vaccine
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General govt primary cash deficit at 7.01 bln in Sept, arrears up by 113 mln
EconomyMacroeconomyGreece’s general government (gg) primary cash deficit came to 7.01 billion euros in the first nine months of the year compared to a surplus of 4.53 billion in the same period last year, according... at a deficit of 7.01 billion euros. The budget primary balance for the same time last year came
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Budget primary shows deficit of 7.01 bln as revenues suffer in September
EconomyMacroeconomyThe budget primary balance recorded a deficit of 7.01 billion euros in the first nine months of 2020, compared to a surplus of 4.47 billion noted in September 2019, the preliminary Finance Ministry (MoF) budget execution bulletin for September showed on Thursday. The primary surplus was below its
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No fear of the bear? Bilateral economic relations between Germany and Russia
Agorabilateral (economic) ties with Russia. Germany's economic interests in Russia are significant before... champion). More specifically, bilateral trade has fallen from 80 billion euros to 52 billion since 2012...), food and agricultural produce. By contrast, the bilateral foreign direct investment landscape shows
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Tsipras invokes Andreas Papandreou as centre-left challenge simmers
PoliticsGreek Politicsminister Andreas Papandreou. This culminated in Tsipras publishing an op-ed over the weekend... to coincide with the date PASOK was founded on in 1974. The title of the article, “Was Andreas a liar
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Study indicates bias in German media coverage of Greek crisis
SocietyGerman media reports on the Greek debt crisis have been characterised by bias and superficiality, with most of the coverage opinionated and judgemental, an in-depth study by a German think tank has found. Commissioned by the Hans Böckler Foundation, which is linked to the country’s largest trade
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