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

Tue, 24 Jan 2023 09:29:00 GMT

from the “optimism bias,” which tends to lead the Brussels institution to making forecasts about potential growth that are too generous. This, in turn, imparts an excess debt bias, putting pressure... around zero, is assumed, by statistical construction, to reach productivity growth of 2.2 percent a year

Budget primary shows deficit of 7.01 bln in September

Mon, 26 Oct 2020 11:18:00 GMT

The budget primary balance recorded a deficit of 7.01 billion euros in the first nine months of 2020, compared to a surplus of 4.47 billion noted in September 2019, the final Finance Ministry (MoF... during the first nine months of the year. Personal income tax (PIT) was below target by 763 million

Athens promotes role as energy hub as PM prepares for talks in Washington

Mon, 02 May 2022 08:34:00 GMT

. Athens also decided to postpone the bilateral dialogue on confidence building measures.... the northeastern Greek city of Komotini and Stara Zagora, in central Bulgaria. That includes

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

Wed, 08 Mar 2023 14:27:00 GMT

bias. We noted that the long-run outlook for real GDP growth in the EU27 as a whole appeared.... Kahneman explains the “optimism bias.” The optimism bias is prevalent in groups that constitute.... Kahneman is quite assertive when he writes that: “…the optimistic bias is a significant source of risk

Podcast - Long live the revolution: The legacy of Greece's 1821 war of independence

Wed, 24 Mar 2021 15:25:00 GMT

Greece is celebrating the 200th anniversary of its war of independence, which began in 1821 and allowed Greeks to free themselves of Ottoman rule and oppression, and form their own nation-state. To mark this occasion, we spoke to Sakis Gekas, the Hellenic Heritage Foundation (HHF) Chair of Modern

General govt primary cash deficit at 7.01 bln in Sept, arrears up by 113 mln

Fri, 06 Nov 2020 11:23:00 GMT

Greece’s general government (gg) primary cash deficit came to 7.01 billion euros in the first nine months of the year compared to a surplus of 4.53 billion in the same period last year, according... at a deficit of 7.01 billion euros. The budget primary balance for the same time last year came

Greece prepares for Erdogan visit, limits extent of Sharia law

Fri, 01 Dec 2017 12:45:00 GMT

a message that although Greece and Turkey may face numerous bilateral challenges.... One of these is the Muslim minority in Western Thrace. Sharia Law Tsipras announced on November 16 a bill that will set limits to the jurisdiction of Sharia Law in the Western Thrace

Athens goes over energy plans, eyes enhanced role

Thu, 18 May 2017 09:54:00 GMT

between the natural gas systems of Greece and Bulgaria, entering near Komotini and exiting near Stara

Grand projects and even loftier ambitions drive Greece's energy project bonanza

Wed, 17 Jan 2018 12:18:00 GMT

and Stara Zagora. Whilst relatively modest in length and capacity (it will deliver 3 bcm/y initially

Budget primary shows deficit of 7.01 bln as revenues suffer in September

Thu, 15 Oct 2020 10:19:00 GMT

The budget primary balance recorded a deficit of 7.01 billion euros in the first nine months of 2020, compared to a surplus of 4.47 billion noted in September 2019, the preliminary Finance Ministry (MoF) budget execution bulletin for September showed on Thursday. The primary surplus was below its