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IMF preliminary DSA finds Greek debt unsustainable, points to need for debt relief
EconomyProgrammetargets for the next years: at 1 percent of GDP for 2015 (from 3 percent), 2 percent in 2016 (from 4.5 percent) and at 3 percent for 2016 and beyond (from 4.5 percent). 2) Lower privatization proceeds... 36 billion. These additional funding needs stem from: 1) Lower fiscal targets (additional needs
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Newsletter 222 -04/10/2019
Thomas Cook for 1, 2 and 3 star hotels came to an average of 48 percent of overall turnover... that for every 1 euro of tourism revenue generated in Greece, another 2.50 euros is generated indirectly..., with substantial losses in turnover and bankruptcies expected, the HCH said. Hotels with 1 star were estimated
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Terms & conditions
No image availableof the following sections (1) Home, (2) Politics, (3) Economy, (4) Society, (5) Statistics, (6) Charts, (7... and of the bulletin are (1) by e-mail, (2) by login to the Website and (3) by means of a mobile application...Terms & conditions WEBSITE TERMS & CONDITIONS 1. Description of the Services 1.1 We welcome you
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A breakdown of Greece’s revised financing needs as part of its new ESM programme
EconomyProgrammein the August 2015 – 2018 period. This amount incorporates: 1) Amortisation on the Eurosystem ANFA and SMP bonds (9.2 billion). 2) IMF debt redemption (8.4 billion). 3) Debt amortization to the private... payments Interest payments are calculated at 16.6 billion and mainly relate to: 1) Eurosystem ANFA
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Greece's key pledges and requests at the Eurogroup meetings
PoliticsGreek Politicsa vast adjustment over the past five years at immense social cost. Its deficit is now below 3... agreement that during this period the Greek state will be funded under a minimalist menu that solves
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Where is Odysseus? Part 5 - Productivity
Agoraon the macroeconomy of Greece.[1] In blog 16, we updated Greece’s demographic projections and found... is more easily transmitted in graphs than in lengthy complex tables. Employment. Consider Figure 1, below....[2] The dotted line in Figure 1 shows the employment path that was anticipated in Odysseus’ 2018
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Where is Odysseus? Part 6 - Potential real GDP
Agoraon the macroeconomy of Greece.[1] In blog 16, we updated Greece’s demographic projections and found.... These calculations are reflected in Figure 1 below. The vertical line marks the current year 2022.... This baseline assumes that Greece still sees a recovery in labor productivity to 1 percent a year
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No time for Tsipras to celebrate as long list of tasks means pressure is on from start
EconomyProgrammeof farmers. Other key deliverables for October include: 1) Reform of the income tax code (ITC) also... or inequitable. 3) In view of any revision of the zonal property values, adjust the property tax rates... include legislation for: 1) Equivalent measures to fully compensate for the court ruling ordering
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Newsletter 72 - 06/05/2016
, following a debate that should begin on the previous morning, accounts for around two-thirds of the 3... will leave the remaining 1 percent of GDP in measures, mostly increases to indirect taxes, to be approved... stretched in approving the basic 3 percent of GDP in measures, making it too much of a risk to ask his MPs
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How SYRIZA says it will fund its economic policies
Economypillar, 3 billion to employment and 1.86 billion to humanitarian crisis. SYRIZA claims... by the following four funding sources: 1) Utilization of the Hellenic Financial Stability Fund (HFSF) capital buffer, which currently stands north of 11 billion euros. SYRIZA anticipates that 3 billion euros
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