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Tag Archives: spending

Investment spending in Greece fell 6.9% in 2020, to grow by 2.8% in 2021

Investment spending in the manufacturing sector fell 6.9% in 2020 compared with the previous year, the Foundation for Economic and Industrial Research (IOBE) said in a report on Monday. The survey on industrial investments in the period October-November 2020 showed that investment spending in the manufacturing sector is expected to …

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Greece’s debt stood at €323.3bn in Q2 2018 from €309bn in Q2 2017

Greece’s sovereign debt stood at €323.378 billion at the end of the second quarter of  2018, from €309.091 billion in the corresponding quarter last year., according to ELSTAT’s quarterly non-financial general government accounts. The Hellenic Statistical Authority (ELSTAT)  announced the quarterly non-financial accounts of General Government for the second  quarter of …

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US Mattis congratulates Greece Kammenos for Defense Spending

Greek Defense Minister Panos Kammenos met with Defense Secretary Jim Mattis at the Pentagon on Saturday during a short visit in the US. The two ministers  discussed security and defense issues of mutual concern, a  variety of topics, including trans-Mediterranean migration; terrorism; and instability in the Balkans, Northern Africa and …

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Obama praises Greece for NATO financial commitment: If Greece can do so, so should all allies

President Barack Obama is praising Greece for its financial commitment to NATO – specifically, for being one of five NATO allies that dedicated at least 2 percent of its gross domestic product to defense spending. Obama says Greece has met that threshold despite difficult times, and if it can do …

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Greek government spending decreasing, but debt/GDP high

There is certainly something wrong with the bailout and strict austerity program imposed by the creditors on Greece, so far. Government spending has been constantly decreasing but the debt/GDP ratio remains high. In fact it is higher than before the bailout in 2010… “Latest Greek data show government spending -21% …

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Greece’s Libya participation to cost € 1 million per day

 I knew that Greeks are grumpy by habit and now it has been confirmed.  Hardly had the military operation against Libya started, some Greek television channel felt the need to report that the country’s war participation will cost one million euro per day! This spending refers to the participation of one frigate, …

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