Agora
Posts on October 2022
Reflections on Greece's balance of payments
The current account. We can think of GDP as income (Y) from the production and supply of goods and services: production determines “income.” On the demand side, we can distinguish four categories: consumption (C), investment (I), exports (X), and imports (M). Thus, when demand is equal to supply: Y = C + I + X - M.
Contributor: Bob Traa & Jens Bastian
Categories: Europe (288), Economy (340), Greece (516)
Tailor-made Maastricht criteria for Greece?
The European Union is discussing how to reform the fiscal rules for its member states. The original rules, called the “Maastricht Criteria” for the deficit and the debt, appeared straightforward, in principle. They called for the deficit of a member state to remain below 3 percent of GDP a year, while the stock of debt should not exceed 60 percent of GDP.
Contributor: Bob Traa & Jens Bastian
Categories: Europe (288), Economy (340), Greece (516)
Podcast - Greece sets out on long road to 2023 elections
The leaders of Greece’s three main parties have set out their policies, but also the political parameters, that will define next year’s elections.
Contributor: Agora Podcast
Categories: Politics (405), Economy (340), Greece (516)