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EconomyProgramme
Enhanced surveillance concludes, but more reforms and tougher fiscal targets lie ahead The final report linked to the reviews that formed part of the enhanced surveillance framework Greece has been operating under since the summer of 2018, was released yesterday, signaling the end of another chapter in the Greek crisis.
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EconomyMacroeconomy Incorporating impact of Ukraine war, EC revises growth forecast down to 3.5 pct In its spring forecasts, published on Monday, the European Commission incorporated the impact of the conflict in Ukraine on the growth outlook for the eurozone, with the Greek growth rate for this year now revised down to 3.5 pct, from the 4.9 pct included in the winter forecast published in February.
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PoliticsGreek Politics
Much riding on EU approval of plan to cap energy prices The government is hoping to receive approval from the European Commission for its plan, set out by Prime Minister Kyriakos Mitsotakis in a recent televised address, to cap energy prices for consumers – a policy that is the main weapon in New Democracy’s bid to fight back against the cost-of-living crisis and its political opponents.
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EconomyMacroeconomy
Updated Stability Programme reflects impact of crisis as growth revised to 3.1 pct, rising in 2023 The Greek authorities submitted to Brussels last week the Stability Programme for the 2022-2025 period, in which the impact of the cost-of-living crisis and the fallout from the conflict in Ukraine are reflected.
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EconomyMacroeconomy
Economic sentiment drops sharply in Apr, consumer confidence hits lowest since 2017 Greece’s economic sentiment (ESI) dropped sharply by 7.1 points to 105 points in April, following a 1.9-point decline in March, according to European Commission figures released on Monday.
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EconomyMacroeconomy
Greece's fiscal path becoming clearer; sizeable adjustment lies ahead After two years of fiscal relaxation across the eurozone thanks to the activation of the escape clause, allowing fiscal rules to be eased so governments could cushion the blow of the pandemic, Greece’s future fiscal path started to take shape over the last few days.
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EconomyMacroeconomy
Economic sentiment holds in Mar as consumer confidence falls sharply Greece’s economic sentiment (ESI) dropped by 0.8 points in March to 113.2 points, from 114 points in February, according to European Commission figures released on Wednesday.
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EconomyMacroeconomy
Economic sentiment stable in Feb, consumer confidence improves Greece’s economic sentiment (ESI) stayed broadly unchanged in February at 114 points, from 114.2 in January, according to European Commission figures released on Friday.
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EconomyProgramme
Some tasks, risks left as Greece takes another step to exit from post-bailout surveillance Greece has one more step to take before it completes its post-programme surveillance after the institutions published the report that accompanies the latest review, the thirteenth since the summer of 2018 when Greece agreed to a number of commitments that are due to be delivered by this summer.
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EconomyMacroeconomy
Economic sentiment on up again after 4.2 pt rise in Jan Greece’s economic sentiment (ESI) continued its upward trend in January, after a pause in December, increasing by 4.2 points to 114.2, according to European Commission figures released on Friday.