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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... around zero, is assumed, by statistical construction, to reach productivity growth of 2.2 percent a year
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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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Athens promotes role as energy hub as PM prepares for talks in Washington
PoliticsForeign Policy. Athens also decided to postpone the bilateral dialogue on confidence building measures.... the northeastern Greek city of Komotini and Stara Zagora, in central Bulgaria. That includes
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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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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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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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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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Athens goes over energy plans, eyes enhanced role
PoliticsForeign Policybetween the natural gas systems of Greece and Bulgaria, entering near Komotini and exiting near Stara
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Grand projects and even loftier ambitions drive Greece's energy project bonanza
EconomyFeaturesand Stara Zagora. Whilst relatively modest in length and capacity (it will deliver 3 bcm/y initially
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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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