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GSEE report stresses risks on employment and the pension system, outlines burden on wages
Societyfirms are setting their prices following those of the competition rather than adjusting them... in Greece reached 21,930 euros, lower than that in Slovenia (24,472) and Cyprus (22,740... wages correspond to two thirds of the average of the 15 most advanced EU countries, stand lower than
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Collapse in revenues brings 2014 primary surplus to 1.9 bln, 3 bln short of target
Economybetter than target and PIB balance was 216 million lower than expected. Although, revenue targets... more than tripled, while budget deficit fell by 33.1 percent to 3.64 billion from 5.44 billion in 2013... figure retreating by 5.4 percent to 41.83 billion, 584 million better than target. Interest payments
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Newsletter 11 - 16/01/2015
than its target and Public Investment Budget balance was 216 million lower than expected. At 1.93... fine that support from some undecided voters could be enough to tip the balance in their favour... surplus is now seen at 1.5 percent of GDP, in line with the EAP target, yet slightly lower than
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General gov't cash surplus sees large contraction in Jan-Feb, arrears edge up
EconomyMacroeconomyThe general government (gg) primary cash balance showed the surplus shrinking by more than two... local governments posted a surplus of 202 million, down by just 2.4 percent YoY. The primary balance... million, making up more than 20 percent of outstanding arrears. Social security funds followed suit
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Fiscal target revision shows 3.07 bln 9-month primary surplus was 1.8 bln above target
Economybillion) and higher PIB balance (by 1.24 billion) more than offsetting a revenue shortfall of 2.27... from last year, yet 1.83 billion better than the revised target. Revenues Revenues (before tax... percent to 28.34 billion euros, 2.32 billion better than the revised target. The strong under-spend
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Net job hirings hit 33,608 in June, highest since 2001
EconomyMacroeconomyThe employment balance remained positive for the fifth straight month showing net hirings of 33,608... since June 2001 and more than double the previous high of 16,017 in 2003. The employment breakdown..., with the bulk of more than 126,700 related to lay-offs and the remaining of 79,260 to voluntary
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Budget primary surplus of 3.6 bln by July, monthly revenues short of target by 315 mln
EconomyMacroeconomy, largely attributed to lower expenditure (2 billion below target) and higher than expected revenues (by 730 million). The monthly balance reached 1.1 billion, exceeding the 1-billion-euro mark for the first... million lower than that in the first half. For the full year target of 50.57 billion euros to be met
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Budget primary surplus to Oct hits 6.5 bln as revenues deliver again
EconomyMacroeconomyby more than 800 million for the second straight month. The primary surplus for the 10-month period... an underspend of 1.74 billion. Moreover, the monthly primary balance remained in positive territory... in the previous month. MoF figures also showed the state balance recorded a surplus for the second
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Covid-19 presents new, significant challenge in banks' effort to reduce NPLs
EconomyBankingeuros in December, reduced annually by close to 14 billion euros, and more than 39 billion since... by the end of 2021. Hercules is due to take up to 36 billion euros of the stock off the balance sheets... of the NPEs, 24.6 billion euros, is connected to some sort of settlement scheme. More than half
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Will the Covid-19 crisis undermine the EU Green Deal? A view from Europe's periphery
Agoradiscourse and reality becomes more than obvious. Particularly on the funding front - absent a strong... are likely to undermine, rather than catalyze, the EU Green Deal particularly in the Eurozone’s southern... with it. Under this scenario the idea of a green recovery would consist in little more than wishful
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