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14 mai 2025

The Greek crisis model; How close have the elections brought us to it?

The situation in our country, before the elections of May 18, is creating tension in society. Promises are being made, scenarios are being floated that are meant to create panic, and the impression is that we are on the edge of an abyss. In this apocalyptic chorus, an aria is increasingly being interpreted as an example meant to scare: the crisis in Greece. From open sources (reports from the IMF, ECB and European Commission, analyses from The Economist, Financial Times, Reuters, BBC, Al Jazeera) we have extracted data to provide a brief picture of what happened in Greece.

Purcari - Revenues on the rise, profit on the decline in the first quarter

• Interest and foreign exchange expenses have eroded the wine producer's profitability

Wine producer Purcari Wineries (WINE) reported revenues of 91 million lei in the first three months of this year, 12% more than in the same period last year, while net profit fell by 17% to nine million lei, according to the issuer's report published yesterday on the Bucharest Stock Exchange (BVB) website.

The crisis in Greece

• Once upon a time, it was the "golden decade"

The 1960s and 1970s were the heyday of the Greek economy, with growth of almost 8% per year, expanding investment, and a stable fiscal regime. GDP per capita had risen from 60% to 80% of the EU average. Greece was attractive for business, with a credible monetary policy and social stability. But with the 1973 oil crisis and the fall of the military dictatorship, the economic engine began to creak.

German MEPs demand halt to European funding for Elon Musk's companies

Elon Musk has received over euro300 million in EU funding for his companies, according to a document published yesterday by German newspapers Der Standard, Zeit and Stern.

The "Nordis" bill, amended by members of the Legal Committee of the Chamber of Deputies

According to the amendment, the maximum advance is capped at 50% and will be paid in three stages, of which only 5% will be paid in the first stage.

The members of the Legal Committee of the Chamber of Deputies approved, yesterday, the reduction of the advance required when signing the sale-purchase promise for a property, from 15% to 5%, in an effort to better protect consumers.

1 Euro5.3460

1 Fr. elveţian5.7879

BNR

1 Liră sterlină6.3924

BNR

1 Dolar SUA4.7991

BNR

1 Gram Aur624.8208