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  1. Newsletter 135 - 13/10/2017

    Newsletters

    this week - that there will be an overall deficit of -1.7 percent of GDP this year and -1.1 percent... the goods’ and services’ indices advanced by 1.1 and 1 percent, respectively. The harmonised index... production index (+6.6 percent) and the manufacturing production index (+3.1 percent). In contrast

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  2. Draft budget contains two scenarios on pensions, charts course within agreed fiscal targets
    Photo by MacroPolis

    EconomyMacroeconomy

    in the MTFS assumptions. Private consumption is expected to grow by 1.1 percent, from 1 percent... of the alternative scenario is 1.1 billion euros: 335 million from scraping pension cuts and countermeasures... expected to reach 6.6 billion euros, from 5.5 billion euros this year.

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  3. Greece in danger of repeating familiar mistakes with Golden Dawn
    Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]

    Agora

    Barring any last minute upsets, Golden Dawn will officially become Greece’s third-largest party when local and European Parliament elections are held in May. At least that is what opinion polls have been indicating for some time. It would represent anot...

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  4. Podcast - Riding into the danger zone: Greece gets new jets

    Agora

    Greece recently received the first six state-of-the art fighter jets it has ordered from France, hoping that their arrival marks the start of an upgrade of its military capabilities, but also an improvement in its geopolitical standing. The Rafale plane...

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  5. Greece courts danger
    Photo by Panayotis Tzamaros/Fosphotos

    Agora

    This could go down as the week that Greek justice took over from Liz Truss as the world’s briefest joke. It would be funny if it wasn’t so worrying. On Tuesday, Greece’s Supreme Court announced the findings of a preliminary 9-month investigation into th...

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  6. Budget primary surplus at 3.16 bln in December, missing target for full year by 443 mln
    Photo by MacroPolis

    EconomyMacroeconomy

    billion euros and was below target by 611 million. Net revenues came to 50.96 billion euros, under... expenditure came to 44.20 billion, below target by 611 million euros. Interest payments declined YoY

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  7. Coalition sets bar low for presidential vote, opts for pre-election rhetoric

    PoliticsGreek Politics

    The government appears to have set 165 as its target for the number of MPs’ votes it hopes to garner in the first presidential ballot on Wednesday. The number has appeared in several reports citing government sources and appears a logical goal in the wa...

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  8. Greece, eurozone edge closer on pensions and fiscal gap but IMF keeps bar high
    Photo by MacroPolis

    EconomyProgramme

    The Eurogroup Working Group held on Monday failed to narrow the differences on the fiscal gap foreseen by the Greek authorities, the European institutions and the IMF. Thus, the date of the mission chiefs’ return to Athens still remains unidentified and...

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  9. Producer prices rise marginally by 0.1 pct YoY as all components bar energy increase

    EconomyMacroeconomy

    Greece’s Producer Price Index (PPI) had a marginal rise in November, with an increase of 0.1 percent year-on-year (YoY), after a decrease of 1.4 percent in October, ELSTAT data showed on Tuesday. This was the first positive reading after four consecutiv...

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  10. Self-employed paying less for social security contributions, Labour ministry reports
    Photo by MacroPolis

    EconomyFeatures

    . The average monthly contribution for farmers rose by 6.6 percent (from 87 euros to 95 euros), due...-employed workers and reports of such workers deregistering from the status of “self-employed” en masse... Engineers and Public Contractors Pension Fund (TSMEDE) fund compared to 64.2 percent in 2017

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