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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... brings a new model of value-added development to the area, pointing to the heavy investment

ECB tests find negligible capital shortfalls at Greek banks

Sun, 26 Oct 2014 15:05:00 GMT

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.... Eurobank Under the static model, Eurobank showed a capital shortfall of 4.63 billion euros, which

Newsletter 1 31/10/2014

Fri, 31 Oct 2014 03:48:00 GMT

surplus (2 billion euros) under the dynamic adverse model. Eurobank’s minimal shortfall of 18 million... 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

On monetary policy and inflation targeting

Thu, 18 May 2023 11:42:00 GMT

say 2 percent year-on-year (Y/Y) for the headline index of consumer prices (HICP).[2] Country A has... policy, aiming in both cases at a Y/Y headline rate of inflation of 2 percent. The bold line presents... 10 percent, before showing some easing toward the 2 percent objective. The central Bank in Country B

Omnibus bill goes to Parliament as Greece seeks to unlock 2 bln sub-tranche

Mon, 12 Oct 2015 06:44:00 GMT

including the prior actions needed for the disbursement of the next sub-tranche of 2 billion. The bill... retirement age limits gradually increase as of August 19 until January 1, 2022. 2) The minimum pension... by November 15 to unlock the second sub-tranche of 1 billion. The two sub-tranches of 2 and 1 billion

Budget for 2017 sees primary surplus at 2 pct on 2.6 bln fiscal measures, strong growth

Tue, 22 Nov 2016 06:15:00 GMT

upward revised to 2 percent of GDP from 1.8 percent in the draft budget, above target of 1.75... anticipated impact of 2.45 billion relate to: 1) Income tax reform (716 million) 2) Change in rates... for pensioners (95 million) and other interventions (50 million). 2) Savings from non-public sector

Where is Odysseus? Part 2 - Uncertainty

Thu, 05 May 2022 08:06:00 GMT

retirement age was increased twice in Greece.[2] This increases the potential pool of labor... reality, if fertility remains weak. For completeness, we also show in Figure 2 (above) what...). [2] Laws 4093/2012 and 4302/2014 increased the statutory retirement age from 60 to 62 and from 65

Does the EU Commission suffer from optimism bias? (Part 2)

Wed, 08 Mar 2023 14:27:00 GMT

that member states (strategically) adopt this scenario as their own (for which there is evidence[2... emerges when we take the added effort to turn on System 2, or “Slow Thinking,” based on analysis... on “The Macroeconomy of the European Union: A Work in Progress” (in this blog text referred to as “the Book”). [2

Stability Programme sees improved growth, primary surplus above 2 pct from 2024

Tue, 02 May 2023 11:51:00 GMT

. The primary balance rises above 2 pct of GDP next year, up to 2.5 pct of GDP by 2026, which is broadly.... Private consumption will continue to grow by 2 pct in the two next years, towards a more moderate..., reaching 2 pct in 2025. Unemployment only falls below 10 pct in 2026, at 9.8 pct.

Industrial production returns to growth of 2 pct in September

Fri, 10 Nov 2023 11:20:00 GMT

three contractions since June. It grew by 2 percent year-on-year (YoY), after dropping by 0.1 percent... a drop of 2 percent, after an increase of 0.9 percent in the previous month. The annual movement... business surveys for October, industry confidence went deeper into negative territory to -4.3, from -2