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Does the EU Commission suffer from optimism bias? (Part 1)
Agoraand why these differences are important for policy interpretation. In part 2 of this blog, we will call.... Real GDP is the product of labor input and average labor productivity (Q = L *(Q/L)). Figure 2 shows..., and a bigger labor force, hence delivering higher employment throughout the future years (Figure 2
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Greece and the euro: The flight of Icarus
Agoraof the decision to join in 1981 what was then the European Economic Community and a way to anchor itself... public deficit and debt fall. This satisfied European policymakers that Greece was on its way towards... to agree on a way of making Greek debt sustainable, otherwise the Fund will pull out of the program
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Newsletter 15 - 13/02/2015
Surmountable hurdles ahead Monday's Eurogroup to prove decisive on way forward Monday’s Eurogroup... to agree on a way forward after faltering efforts this week. Wednesday’s gathering of eurozone finance... that Greece’s representative, Yanis Varoufakis, and his counterparts were close to agreeing on a way
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EU elections in Greece: Applying a different scale of values
Agoraalternatives to the EU-IMF scheme, promising a relatively painless way out of the crisis and a quick.... Either way, it would be naive to assume that SYRIZA’s exit from power puts a firm conclusion... to eliminate their debt over a period of 120 months. The opposition leader also said he would make 2
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Newsletter 78 - 17/06/2016
if the primary surplus target of 3.5 percent is reduced to 2 percent after 2018, Greece’s debt is BoG concludes that even if primary surplus target of 3.5 percent is reduced to 2 percent after 2018... there appear to be differences within SYRIZA about the way to move forward. Some believe that some
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Newsletter 89 - 23/09/2016
underspend of 2 billion, coupled with a revenue overperformance of 646 million. Revenues (before tax... turnover by 6.1 percent. 2 Coalition could face a mauling Nervous Tsipras awaits supreme court... way that the Vatopedi Monastery land-swap scandal did for Kostas Karamanlis. The current Greek
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Newsletter 92 - 14/10/2016
met the agreed target, will have also become available. Such a development will pave the way... in August, industrial production in the first eight months of the year increased by 2 percent compared... its own policies. Bringing the party into this process is a way of reconnecting with the members
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Newsletter 95 - 11/11/2016
of 23.3–23.5 percent in 2016, which is expected to fall by 1–2 percentage points in the following.... The headline figure for September is the sixth straight positive reading. 2 The great state... are they unable to understand what concerns these people. They have lost touch with the way the world
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From MoU exit to Grexit: Where next for Greece?
Agorathe Greek government to pre-legislate another 2 percent of GDP in tax hikes and pension cuts. Since... to reach a staff-level agreement (SLA) with the institutions, this would pave the way for a commitment... will decide that what the lenders are asking from him, including 2 percent of GDP in new fiscal
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Newsletter 178 -12/10/2018
growth at 2 percent. For next year, GDP growth is revised upward to 2.4 percent, from 1.8 percent... previously, albeit higher than the last quarter of 2017, when the economy grew by 2 percent. Real GDP... the programme target of 3.5 percent of GDP this year and remaining at that level all the way to 2023
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