Italian parties are calling on Mario Draghi’s government to adopt new relief measures to deal with continued increases in the energy sector. With the pre-election period underway, the demand is being made by almost all political forces: from the League to the Five Stars and the centre-left Democratic Party. According to the press, the Italian […]
Tag: households
Ch. Staikouras: We will be next to households and businesses for the electricity increases
The positive image of the Greek economy is clouded by the high inflation caused by the jump in energy costs, said the Minister of Finance, Christos Staikouras, speaking to SKAI. The positive image is shaped, as the minister said, by tourism revenues which, if they continue at the same pace, may exceed those of 2019, […]
Why deposits are increasing despite accuracy
Of Leonida Stergiou Increased tourism receipts were the main contributor to June’s new increase in deposits for businesses and households. Also, a number of other technical factors, such as extensions of tax returns, loan disbursements, strengthened the recording of net inflows into the system. Something that can have a positive effect in July as well, […]
What does the rise in interest rates bring to businesses and households?
of Leonida Stergiou The doubling of the key interest rate of the ECB than expected changes the data and the calculations to date. The analyzes concluded that significant effects on the real economy and the macroeconomic environment would be felt with an interest rate increase of more than 50 basis points. Implications The most important […]
France: Balance exercises ahead of bill to boost household purchasing power
With the government trying to balance on a tightrope and citizens divided almost equally between right, center, left and indifferent, France is now well into the second five years of the Macron presidency. Prime Minister Elizabeth Bourne presented last Monday the complete form of the new French government, which surprised no one and nothing, while […]
G. Chatzitheodosiou: Neither households nor businesses can withstand such inflation
“Neither households nor businesses can withstand such inflation,” said the president of the Athens Chamber of Commerce, Giannis Chatzitheodosiou, commenting on data released by the Hellenic Statistical Authority (ELSTAT). Specifically, as the president states: “One negative record after another is breaking inflation, with the result that the pressures exerted on households and businesses are now […]
Chr. Staikouras: Again we will find budget space for measures to support households and businesses
“I am optimistic that we will again find fiscal space, as shown by the implementation of the budget” for measures to support households and businesses. This was stated by the Minister of Finance, Christos Staikouras, pointing out, however, that he is not going to refer specifically to any future intervention before consulting with the Prime […]
Russians feel little economic impact now, but long-term prospects are bleak
For Oleg Kechin, a barber shop owner, the predictions that Russia will sink into its deepest economic crisis for a generation are exaggerated. US President Joe Biden may have promised that Western sanctions would wreak havoc on Russia, but Kechin’s business continues to attract customers in the city of Saransk, 510 kilometers southeast of Moscow, […]
Global recession? Not yet, economists say, but prepare for high prices, low growth
A global recession is not imminent, but prepare for rising costs and slower growth, economists say, according to CNBC. “There will be no sudden recession after a period of stagnant inflation,” said Simon Baptist, chief economist at the Economist Intelligence Unit. As the war in Ukraine and pandemic disturbances continue to plague supply chains, stagnant […]
Υπ. presidency: Britain should pay more support to households without deterring investment
Britain should pay more support to households in a way that does not deter investment, Prime Minister Steve Barkley said today in anticipation of the announcement of new measures to support households to cope with rising energy bills. “As for paying that off, as we look at the balance between how much can be done […]