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Newsletter 224 -18/10/2019
in the coming years are grimmer than previously thought. In the World Economic Outlook (WEO), published..., concerning amounts outstanding for tax. Of the total, more than 600,000 joined the scheme... faster than what the European Commission and the IMF estimates (2.2 percent). The PBO argues
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S&P raises Greek rating to 'BB-' on reduced fiscal risks, lifting of capital controls
Economygovernment debt represents less than 20 percent of total debt, or less than 40 percent of GDP. Additionally... is the portion of permanent jobs in the labour market as since 2018 and into 2019 more than half..., if reforms implementation stalls and economic growth is significantly lower than anticipated then the outlook
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Employment balance turns negative by 125,668 in October
EconomyMacroeconomyThe employment balance turned negative in October with 125,668 more firings than hirings, data from..., there were 5,581 more people fired than hired, making this the worst October on record. Total hirings..., where there were 45,050 more firings than hirings. This was followed by those aged 30-44
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Despite differing views IMF and EC see no immediate debt sustainability concerns
EconomyProgrammemore ambitious debt relief interventions than the eurozone lenders were willing to consider... programme from 3 months Euribor rates to fixed rates of 94 basis points. This involves more than 52.... This leads to a nominal GDP level that is 3 percent lower in 2028 than it was anticipated in March
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MPs gear up for action as To Potami calls it a day and PASOK wobbles
PoliticsGreek Politicsmore than those with low incomes and small properties. The 2020 budget includes 616 million euros... To Potami officially ceased to exist after more than two thirds of its members decided that the party... failed to capitalise on the fact that more than 200,000 people participated in the KINAL leadership
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Employment balance negative by 30,559 in November
EconomyMacroeconomyThe employment balance remained negative in November with 30,559 more firings than hirings, data..., there were 2,690 fewer people fired than hired. Total hirings came to 208,583 versus 239,142 departures... firings than hirings. This was followed by those aged 30-44 with a negative balance of 13,260, and those
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Spree of media deals puts spotlight back on ownership issues
SocietyUCITS, which are themselves subject to shareholder concentration rules, rather than to privately held... to be lower in Greece than in pretty much any country in the world. A 2018 Pew Research report found that fewer than one in five Greeks trusts the domestic news media to report political news fairly
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ND mulls next tax cuts as it prepares to unveil new electoral law
PoliticsGreek Politics. In fact, lower income tax rates are due to kick in from January 1. Individuals earning less than 20,000... cut to social security contributions in 2021, e.g. by 3 points rather than the 1.09 percentage points... reduction in 2022, rather than 2023 as previously planned. Another intervention on the cards
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Employment balance negative by 3,666 in December
EconomyMacroeconomyThe employment balance remained negative in December with 3,666 more firings than hirings, data..., there were 9,636 fewer people hired than fired. December marks the third continuous month of a negative... negative balance was seen in those aged 45-64 years, where there were 8,250 more firings than hirings
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ND's electoral bill put before MPs as PM mulls options for president
PoliticsGreek Politicsclinch a qualified majority of more than 200 out of 300 MPs so that the new electoral law could apply... not have a majority and could need more than one coalition partner to form a government. This means... in May 2012 did the winning party win less than 25 percent of the vote, when New Democracy gained
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