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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

China’s Footprint in Southeast Europe: Constructing the "Balkan Silk Road"

Fri, 29 Sep 2017 09:46:00 GMT

of the agreements between Hungary, Serbia and China along the Budapest – Belgrade Corridor X initiative. When...) Tuzla (TPP) Thermal power plant Energy 722 15% co-financing by EPBBiH 85 % loan from Exim Bank... plant (TPP) with China's Exim Bank. EPBBiH would finance 15 per cent of the project. A loan from China's

Piraeus Bank records net losses of 6 mln in Q1, further reduction in NPE stock

Thu, 25 May 2017 07:39:00 GMT

Piraeus Bank trimmed its net losses to 6 million euros in the first quarter (Q1) of 2017 from 12 million in the previous quarter. Pre-provision income (PPI) rebounded by 12 percent quarter-on-quarter...). Moreover, the NPL ratio is targeted to drop below 15 percent in 2020 from its current level of 38

Greece's key pledges and requests at the Eurogroup meetings

Wed, 18 Feb 2015 09:29:00 GMT

% in nominal terms, down from 15% in 2010. Its primary surplus has reached 1.5% at the end of last year... and transparency; create an efficient and fair tax court system; modern bankruptcy system, judicial... agreement that during this period the Greek state will be funded under a minimalist menu that solves

Newsletter 501 - 03/04/2026

Fri, 03 Apr 2026 06:45:00 GMT

iceberg” and the surveillance scandal as the gravest in modern Greek history. But he also criticised... below pre‑crisis levels. For Greek shipping, this adds 10–15 days of transit time and has pushed war... tax on petrol will be reduced by 8.33 cents per litre and by 6 cents per litre for diesel, alongside

Study outlines economic potential of targeting senior and health tourism

Mon, 29 Jul 2019 10:06:00 GMT

received it. Few of the springs have modern facilities offering modern services. The report noted.... For tourists from northern countries looking for holiday homes, if Greece aimed to capture 15.... Through the sale or rental of 20,000 homes a year, and an average occupancy of 6 months a year

Where is Odysseus? Part 6 - Potential real GDP

Thu, 08 Sep 2022 12:41:00 GMT

As in our previous five monthly blogs, we continue to trace the progress of modern-day Odysseus, who started a long voyage in 2018 to help bring Greece back home to a sustainable and prosperous economy. He is seeking to navigate the winds of a high debt ratio of 185 percent of GDP towards a debt

Athens unsettled by speculation about proposal at June 15 Eurogroup

Fri, 02 Jun 2017 11:54:00 GMT

The week ends with little clarity on what kind of agreement will be possible at the June 15... the proposal on offer on June 15 or if it should raise the issue at the European Council (clearly... that the idea of a similar proposal resurfacing on June 15 is being so widely discussed because it makes

Jobs, hundreds of thousands of jobs

Thu, 22 May 2014 13:14:00 GMT

by more than 20 percent. Greece’s labour market has been devastated, like no other in any modern crisis... peaked in 2012 when a 6 pp reduction of economic activity led to unemployment increasing by over 6... on the official assumption, approximately 15 percent of economic growth and an increase in GDP from 180

How Greece sleepwalked off a cliff in 2009, in black and white

Mon, 15 Jan 2018 12:29:00 GMT

crisis in its modern history, which took away a quarter of the economy and employment, a country should..., if that trend continued then the deficit would reach 15 percent of GDP. Eurostat Based on the BoG’s... pension spending had yet to be realised and the state had 15 billion euros in obligations to settle