As already mentioned in the previous publication (see Part 2), during the entire twelve-year period of the memorandum (2010-2021), the state treasury received income from expansionary interventions in Greek households and private property (a “haircut” of 137.8 billion .USD 137.7 billion euros in 2012!), from direct and indirect taxes, from loans (mainly from the financial […]
During the period of the memorandum there were four financial interventions with 23 hits on wages and pensions, 2 on the unemployed and one on private property with a wild haircut of 140 billion euros to reduce debt. While, in total, a trillion euros in taxes, loans, EU and privatizations poured into the country. From […]
It is with great satisfaction and hope that the lessons learned will finally benefit our country, economy, households and businesses, I listened to Prime Minister Kyriakos Mitsotakis announce the end of heightened oversight and the beginning of a “clear new horizon of growth, unity and prosperity for everyone”, which, as he stressed, will appear on […]
The energy crisis has dropped the euro against the dollar to its lowest level in recent years. High inflation, fueled by rising gas, electricity and oil prices due to the ongoing war in Ukraine, is forcing America’s central banks, led by the US Federal Reserve (Fed), to embark on a massive increase in interest rates, […]
American political journalist Jimmy Dore: “This is the case when some began to suspect: with an assessment of the Russian economy in 4.7% of the world something is wrong. American political journalist Jimmy Dore: ✔️ Despite sanctions and boycotts, Russia is still collecting $800 million a day from oil and gas sales, and this is […]
An ominous picture of inflation is outlined in a new World Bank Commodity Markets Outlook report warning that the rise in food and energy prices due to the war in Ukraine could last for several years! Prolonged inflation is knocking at our doors! International food and energy prices are expected to continue to rise throughout […]
Since the beginning of the war, the Athens Stock Exchange has recorded a loss of 13.43% since the beginning of the war in Ukraine. Market capitalization fell by 9.345 billion euros. The Large Cap Index fell 15.0% and the Mid Cap Index fell 8.6%. The largest losses (-26.64%) were recorded in banks. However, despite everything, […]
The economic crisis has swept over Turkey. The President refers to the intrigues of external ill-wishers and reassures the population: “They have dollars, but we have a people and our Allah.” Erdogan calls the collapse of the national currency “an economic war for independence.” The President firmly promises to win in it “with the help […]
The most alarming conclusion of the socio-economic study, the data for which were obtained in the course of a survey of citizens, is the fact that 69.2% of respondents state that they have already limited the purchase of basic goods. According to the financial barometer (Οικονομικό βαρόμετρο GPO), the pandemic is being recorded as the […]
Greek wine exports in 2020 were significantly impacted by the global coronavirus pandemic, according to an analysis of ΕΛΣΤΑΤ data produced by the Central Cooperative Union of Wine Products (ΚΕΟΣΟΕ). The decline in the cost of wine decreased by 11.13%, last year it was 70 669 750 euros, compared with 79 517 240 euros in […]