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  1. Tsipras starts to flesh out SYRIZA's economic policy but questions remain

    PoliticsGreek Politics

    retirement payment for 1.26 million pensioners that receive less than 700 euros per month and reducing... should not make up more than a third of customers’ income. Tsipras pledged to scrap the contentious... these as untapped sources of revenues. Having given a more detailed idea than ever before in the last two

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  2. Finance Ministry challenges SYRIZA's plans for economy, ups cost
    Photo by MacroPolis

    Economy

    , more than double the 11.38 billion projected by SYRIZA. The deviation of almost 16 billion euros.... The document notes that the key problem for Greece’s economy lies with the supply rather than the demand side. “If the country’s production capacity is not improved, than the increase in demand would

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  3. Seasonal jobs bring down Q2 unemployment to 26.6 pct but long-term jobless rising
    Photo by MacroPolis

    EconomyMacroeconomy

    percent, down by 0.8 pp YoY. Although the number of ‘long-term’ (more than 1 year) unemployed slipped... and more than 9 pp YoY. Part time employment amounts to 9.4 percent of total employed with almost... above the country average, at 27.4 percent in Q2. The breakdown of employment indicated that more than

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  4. Run this way: The recurring pattern of Greek leaders
    Photo by Can Esenbel [http://www.mundanepleasure.com/]

    Agora

    attends plenary sessions) rather than have coffee with them. Are Parliament and the country's banks... Tsipras of hiding more than half of the 27 billion euros it would cost to implement the measures he... everyone talking about how he could implement such an economic plan rather than if he will get

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  5. Greek primary budget surplus to August narrows to 1.95 bln on lower revenues

    Economy

    . The 8-month budget deficit stood at 2.85 billion, more than 1 billion higher compared to that posted... billion better than its target. The year to date outperformance is entirely due to lower expenditure (1.74 billion euros better than target), while revenues and the Public Investment Budget (PIB

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  6. Greek debt: A case of learned helplessness?
    Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]

    Agora

    June stood at 322.4 billion euros - almost 23 billion euros higher than in 2009 – or over 170... debt than when this miserable experience started. The Bank of Greece estimates that the true reduction... to generate an annual primary surplus of 8 billion euros to cover debt repayments for more than a decade

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  7. Greek PMI drops into contraction territory in September, falling to 48.4 points

    EconomyMacroeconomy

    . In addition, a marked drop in post-production inventories was also evident in September, albeit slower than... than those in August. This is the first such movement over the past 2.5 years. In addition, a slower... modest overall, was the least posted in more than 3 years “The headline PMI in September posted its

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  8. SMEs, backbone of Greek economy, have shed 27 pct of jobs since 2008

    Economy

    in the manufacturing sector and more than 90 percent of jobs in the construction, wholesale and retail trade... SMEs, employment fell by more than 100,000 or 29 percent, while the number of companies dropped by 20... performance is better than the EU average, while it significantly lags in three areas: access

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  9. IMF lowers medium-term forecasts for Greek debt, 2014 financing needs

    Economy

    on Greek unemployment by more than 0.5 percentage point (pp) for both years. For 2014, the IMF now expects unemployment to reach 25.8 percent rather than the 26.3 percent it included in its previous... forecasts stand up to 2 pp lower than in April, at 152 percent in 2017 and 135.3 percent in 2019. On gg

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  10. Tourism helps bring Greek unemployment down to 26.4 pct in July
    Photo by MacroPolis

    EconomyMacroeconomy

    unemployment remains persistently higher than that of male at 30.5 and 23.1 percent respectively. Youth... in July and has more than doubled since 2009. The next three age groups (25-34 years old, 35-44.... In contrast, the jobless rate in the 55-64 age group increased by more than 2 percentage points YoY to 17.2

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