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Tag Archives: estimations

Projections of 10% recession are “exaggerated” says Bank of Greece

“Estimates of a 10% economic recession this year were exaggerated” governor of the Bank of Greece Yannis Stournaras said on Tuesday. he added that he expected the country’s GDP to shrink by 8.% under the worst-case scenario. Speaking during a new cycle of online meetings organized by the Delphi Economic …

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Greece Estimates German WWII Reparations at 7.5 Billion Euro

Greek Finance Ministry tries to estimate the amount Germany should pay to Greece as reparations for damages, atrocities and enforced loans during the World War II, alternate Finance Minister Christos Staikouras briefed the Parliament. According to estimations of the team in charge of the case, the amount for reparations reaches almost …

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Greece’s Recession at 6.2% in 2Q 2012

Greece’s economy is as bad as experienced by millions of Greeks. According to data released by Greek Statistics Authority (ELSTAT) recession reached 6,2% in the second quarter of 2012. The news seems to confirm EU and IMF estimations that it would reach 7% in 2012.  “Greece΄s economy contracted 6.2 percent …

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