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The tarnished legacy that will haunt the Athens Olympics
Agorawarned the euro area that its public debt and deficit figures would be worse than expected. The deficit for 2004 came in at 6.1 percent, more than double the eurozone limit, while Greece’s debt... have been held accountable? Greek taxpayers, who were largely the victims rather than perpetrators
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Increase in car sales accelerates to 44.3 pct in September
EconomyMacroeconomythan double from the August reading, according to the Hellenic Statistical Authority (ELSTAT... than 80 percent) of new licenses in road motor cars stems from passenger cars, which soared 46.3... than half of total motor vehicle circulation licenses, showed a slower growth rate in September
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Greek economic contraction during crisis higher at 24.6 pct, revised data shows
EconomyMacroeconomyfor 1995-2013 so it is in line with the new European System of Accounts (ESA 2010) rather than... was minimal, with 2013 nominal GDP now standing at 182.44 billion euros, just 0.2 percent higher than... more than previously recorded by ELSTAT. This corresponds to a cumulative GDP contraction of 24.6
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September revenues drive 9-month Greek primary surplus up to 2.53 bln
Economyeuros better than target) more than offsetting the Public Investment Budget (PIB) balance (258 million... figure at 2.6 billion, more than 300 million above target. After a slight increase in August... better than target. Interest payments fell by 8.9 percent to 4.82 billion in the 9-month period almost
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Greece said to eye exit plan with precautionary support but no new MoU
EconomyProgrammeeuros but the government reportedly estimates that more than 10 billion will still be available after... a precautionary support rather than a credit line and would be available to Greece whenever the country cannot... that the usage of HFSF capital buffer for other purposes than bank recapitalisations would require
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European Commission says 2014 is a turning point for Greece as growth resumes
Economyfor the next few months”. In particular, EC says that GDP growth could turn weaker than expected if uncertainty on policy implementation has a stronger than anticipated effect on confidence and investment. Similarly, geopolitical events could also have a bigger than projected impact in the region
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Newsletter 3 - 14/11/2014
landing at 1.24 million. The number of employed stood at 3.55 million, 15,700 lower than in July. Youth... in 2013 and this year. In 2013 more than 17.5 million tourists visited Greece, numbers not seen... and services than it did in 2012. While countries in the eurozone’s southern and northern periphery
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ILO highlights social impact of Greek crisis, proposes change in policy
Society(based on the poverty line fixed in 2008) showed that poverty in Greece has more than doubled... percentage points (pp) to 67.8 percent in 2013 and by more than 10pp to 50.1 percent for inactive... than the rest of the non-employed during the crisis. Among households, large families have suffered
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Greek GDP up 0.7 pct in Q3 for third straight quarter of growth
EconomyMacroeconomyon year (YoY) in Q3, higher than the flash estimate of 1.7 percent, according to the provisional... figures imply the domestic economy grew by 0.7 percent in the 9-month period, slightly higher than... than 70 percent of GDP and has declined by more than 24 percent since 2008, mainly reflecting
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Greek tax revenues at 33.5 pct of GDP in 2013, slightly below OECD average
EconomyMacroeconomyhigher than that of Ireland at just 4.2 percent. Note though that SSC contribution to total taxation... percent is similar to that in Portugal and Ireland and only lower than that of Finland (24 percent... higher than that of Mexico (0.31) and way below the OECD average of 0.55, implying that a considerable
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