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IMF sees 2020 GDP contraction at 10 pct, budget deficit at 9 pct due to virus impact

Tue, 14 Apr 2020 13:36:00 GMT

a double-digit toll on economic activity. The forecast on contraction for this year is at -10 pct.... The crisis is set to deal a major blow to the budget, leading a deficit of -9 pct of GDP this year... Minister Christos Staikouras accepted that recession this year could range from 5 to 10 pct, abandoning

Opposition tries to pin government down over last year's Plan X

Thu, 07 Jul 2016 13:52:00 GMT

with 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

Substantial ground for Greece and lenders to cover before May 9 Eurogroup

Fri, 29 Apr 2016 13:12:00 GMT

is due to be held on May 9 but it is still not clear how Athens and its creditors will arrive... ministers will gather in Brussels in 10 days’ time in an attempt to conclude the review was welcomed... ahead until the Eurogroup on May 9. The Greek side has not ruled out the possibility of a high

Seven in 10 Greeks raiding savings to pay bills, two in 10 have no deposits

Tue, 19 Nov 2013 14:39:00 GMT

Seven in 10 Greeks are raiding their savings in order to make ends meet, while two in 10 say they have no deposits at all, according to a new survey by Public Issue. As the government and the troika... increased rapidly. Standing at 9 percent in 2005, it rose to 13 percent in 2009 and 19 percent

Newsletter 10 - 09/01/2015

Fri, 09 Jan 2015 13:06:00 GMT

percent to take 151 seats. If the total support for parties not entering Parliament reaches 10... by the Interior Ministry. For citizens who are prevented from voting in their home constituency

Newsletter 417 - 22/03/2024

Fri, 22 Mar 2024 10:11:00 GMT

by Greek Solution with 9 pct. The other smaller parties all garner support of around 3 pct or less... with 13.6 and 13.4 pct respectively. The Communist Party KKE is in fourth place with 9 pct... increased by 10 pct.

Labour database shows 8 in 10 workers earn less than 1,200 per month

Wed, 07 Feb 2024 11:05:00 GMT

than 10 workers, some 262,634 companies out of a total of 298,255. Around 10 pct employ between 11... of the share. In 2023, SMEs increased by roughly 3,300, with 2,505 coming from companies with up to 10... of employment is accounted for by companies with between 10 and 49 staff. This means that SMEs have a combined

Greek stocks surge 9 pct, up for third successive week

Fri, 04 Mar 2016 18:16:00 GMT

The Greek equity market headed north for the third straight week soaring by 9 percent on the back... rise in loan loss provisions. Next week, Piraeus releases Q4 results on March 9, followed by NBG and Titan on March 10 and Motor Oil on March 11.

Sale of 10 pct stake in NBG ups taxpayer losses from banks to 34 bln

Mon, 07 Oct 2024 08:36:00 GMT

the book closed for the placement of a 10 pct stake in National Bank of Greece (NBG). The transaction made available 91.47 million common stock, which represents 10 pct of the 18.49 pct stake of HFSF... of 1.4 pct, 293.5 million from the sale of 9 pct HFSF stake to Unicredit, 1.35 billion euros from

How Greece's electoral map changed radically over 10 years

Mon, 03 Jun 2019 11:24:00 GMT

percent of its 2009 voters going to SYRIZA, 10 percent to the newly formed Democratic Left (DIMAR... compared against 2012 was in the volume of 25.6 percent. In excess of 9 percent of those who voted..., with ND having a lead of 11 points with men and 9 points with women. SYRIZA now trails in all age