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Development model questioned again amid reaction to luxury resort go-ahead

Thu, 16 Jul 2020 11:12:00 GMT

of the development model promoted by the New Democracy government. On Saturday PM Kyriakos Mitsotakis spoke... and 500 in the operational phase of the project, bringing over 1 million euros in taxes and levies... brings a new model of value-added development to the area, pointing to the heavy investment

Newsletter 1 31/10/2014

Fri, 31 Oct 2014 03:48:00 GMT

on the dynamic (agreed restructuring plans after the end of 2013) rather than the static (end-2013 figures) model... involves the capital surplus that Greek banks showed under the dynamic model, which reached 10.7... lender that passed the stress tests under the static model even without taking into account

Does the EU Commission suffer from optimism bias? (Part 1)

Tue, 24 Jan 2023 09:29:00 GMT

(the Book). In part 1 of this blog we will highlight differences in the macroeconomic scenarios... on the Maastricht deficit and debt Criteria. * * * Figure 1 below compares the baseline scenario... that was derived in preceding chapters of the Book.[1] The baseline scenario of the Book is well

Welcome to the club: Greece Joins the 17+1 network

Fri, 19 Apr 2019 06:33:00 GMT

in 2012, the 16+1 network organizes annual Central and Eastern Europe–China Summits. In practice... in the Western Balkans.[1] Apart from China, which stands for the number one, the political and economic... infrastructure over educational initiatives to industrial park construction. The first 16+1 summit was held

ECB tests find negligible capital shortfalls at Greek banks

Sun, 26 Oct 2014 15:05:00 GMT

. The first is an Asset Quality Review (AQR), with a capital benchmark of Common Equity Tier 1 (CET1) of 8... for capital needs was based on the agreed restructuring plans (dynamic model) rather than the end-2013 figures (static model). The ECB noted in its country results that the aggregated capital shortfall

Gov't lowers tax-free threshold, prepares for third pillar of measures worth 1 pct of GDP

Mon, 09 May 2016 11:17:00 GMT

reforms but also on other measures, each yielding 1 percent of GDP to a total of 3 percent of GDP (5.4... percent, expected to be effective from July 1 and with estimated revenues of around 450 million euros... with lenders and would yield 0.35 percent of GDP involve: As of June 1 Increase in the excise tax on gasoline

CPI rises by 1 pct in June, staying positive for third month

Tue, 10 Jul 2018 10:14:00 GMT

Greece’s Consumer Price Index (CPI) rose by 1 percent in June following an increase of 0.6 percent... July 2017 to June 2018 was 0.6 percent. Month-on-month, the CPI rose by 1 percent compared to May’s...) rose by 1 percent year-on-year in June. Month-on-month the HICP increased by 0.9 percent. The overall

Where is Odysseus? Part 1 - Demographics

Thu, 31 Mar 2022 12:02:00 GMT

In 2019, one of us wrote a book[1] about the Greek economy called “The Macroeconomy of Greece... demographics impacts the availability of labor (L). Population. Figure 1 refreshes the population baseline... demographic transition is moving toward an elderly and smaller population. In Table 1, we provide a sample

National Bank reports 1.15 bln H1 profit on back of 1 bln deferred tax

Fri, 29 Aug 2014 10:17:00 GMT

YoY in H1 but rose 1 percent QoQ with net interest margin (NIM) improving to 2.74 percent in Q2. The quarterly rebound in NII is attributed to Turkey (up 6 percent), while Greek NII eased 1 percent QoQ.... Deposits rose 8 percent YoY in H1 and slipped 1 percent QoQ to 65.4 billion euros. In Greece, deposits

Greece seeks to finalise 1 pct of GDP in new tax measures to close review

Wed, 06 Apr 2016 08:41:00 GMT

measures related to pension reform and direct taxes - each yielding 1 percent of GDP (1.8 billion euros) - the government has to identify additional measures of 1 percent of GDP to cover the fiscal gap of 3... to cover this last 1 percent of GDP are primarily focused on raising (indirect) tax revenues and include