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How Greece sleepwalked off a cliff in 2009, in black and white
Agoraoutlets. The debate about the year that sealed Greece’s fate became a playing field for demagogues... year on year, while revenues dropped by 24.2 percent compared to the same month in 2008. The deficit in September was 1.5 percent of GDP, while during the year the deficit had been growing by 1
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Budget primary surplus at 1.97 bln in 2017 on strong underspend
EconomyMacroeconomythe target combined with revenues increasing against the full year target. Specifically, primary... to a deficit of 2.68 billion, worsening from November’s negative balance of 684 million. The full year budget... million euros. Revenues In December, gross revenues fell by 3.6 percent year-on-year to 5.57 billion
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Newsletter 148 -26/01/2018
year-on-year to 5.19 billion euros in December. PIB expenditure also dropped by 5.4 percent year-on-year to 5.96 billion, below the target by 800 million euros while revenues fell by 41.4 percent year-on-year to 2.45 billion, missing the target by 978 million euros. November C/A deficit at 954 mln
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Budget primary surplus at 2.32 bln in Mar, beating target by 1.22 bln
EconomyMacroeconomyrecorded in February. Year-on-year, March’s primary balance improved by 59.5 percent against the deficit for the same time last year which came to 1.07 billion. The budget balance in the first three... for the same time last year which showed a deficit of 1.36 million euros, and beating the target by 1.22
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EC forecast acknowledges pressure on Greek households, revises down growth
EconomyMacroeconomyforecasts and is now expecting the country to grow this year by 1.9 percent, from 2.5 percent previously. The estimate for next year was also downward revised to 2.3 percent, also from 2.5 percent in the winter forecasts. Although in 2017 Greece recorded the first year since 2006 that the economy grew
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Newsletter 162 -18/05/2018
of GDP in pension cuts will kick in from the beginning of next year and the tax-free threshold... that the International Monetary Fund would insist that the tax measures should be implemented next year. The Greek... enough to allow Greece to adopt the compensatory fiscal measures that were agreed last year
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Budget primary surplus confirmed at 2.29 bln in April on improved tax collections, lower PIB spending
EconomyMacroeconomymonths of 2018 compared to a surplus of 1.73 billion for the same period last year, the Finance Ministry... million euros, a strong improvement on the balance for the same period last year which showed... revenues showed an increase of 11.1 percent year-on-year to 3.50 billion. The figure also increased
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Budget primary surplus at 1.54 bln in May on revenue rise, sharp investment underspend
EconomyMacroeconomyyear’s figure for the same period came to 1.84 billion. The primary surplus beat its target by 1.36... million noted in April. The balance for May last year landed on a surplus of 114 million. The budget... recorded in the year so far. For the same period last year, the deficit came to 1.24 billion. Although
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Unemployment in Greece falls to 19.5 pct in May, below 20 pct for first time since Sept 2011
EconomyMacroeconomyon Thursday. The unemployment rate in May last year was 21.7 percent. The latest rate is the first time... percent, before surpassing it in October that year to 20.2 percent, and eventually reaching...-on-month, representing a rise of 1.3 percent. Compared to the same month last year, the figure
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July primary cash surplus at 6.75 bln as revenue rise outstrips expenditure
EconomyMacroeconomyin the first seven months of the year, Bank of Greece (BoG) figures have shown. The headline figure includes... compared to the figure for the same time last year, which stood at a deficit of 1.38 billion euros... to the same month last year, and came to 4.71 billion, representing a rise of 2.2 percent. Monthly
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