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Multi-bill details how Greece aims to raise 1.6 bln from indirect taxes
EconomyMacroeconomymeasures yielding around 1 percent of GDP that completes the 3 percent of GDP in fiscal interventions... sector attrition rule from the current 1 hiring for 5 departures to 1:4 in 2017 and further to 1:3... in the basic VAT rate, applied to the bulk of goods and services, from 23 to 24 percent as of June 1
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The allocation of labor resources in Greece and the EU-27
Agoradestruction.”[1] The public sector never goes out of business, no matter how inefficient it is. If it runs... then plotted an index (2001-Q1=100) for employment in the public and private sectors. Figure 1... employment has grown or declined in the public and private sectors since early 2001. From figure 1
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This is what's in the legislation Greece has to approve by Wednesday night
EconomyProgrammepercent discount on VAT rates applied to islands will start from October 1 for islands with higher... 1, 2016. Tax measures The tax rate on insurance fees increases to 25 percent (from 20 percent... for higher income it increases. In specific, for annual income: 1) Between 12,000 and 20,000 euros
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Has external competitiveness been fixed in Greece?
Agorathe euro zone is an important indicator of significant progress. Figure 1 above shows some summary... in these calculations from figure 1 above? The lower bold line of figure 1 is the IMF’s REER.... Why 1992? We will explain shortly. Let us first look for the same concept of the REER in figure 1
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Tailor-made Maastricht criteria for Greece?
Agora, in principle. They called for the deficit of a member state to remain below 3 percent of GDP a year..., over time, a value D = def/y. In other words, if the deficits can be limited to 3 percent of GDP... inflation (mandate of the ECB) and 3 percent real GDP growth. Let us now look at the data for the period
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Greece prepares set of proposals for bridging deal with eurozone
PoliticsGreek Politicsforeseeing a deal that would last until September 1. This means the longer interim deal would include.... The second pillar relates to a downward adjustment of the primary surplus targets from the 3 percent... last week that the government would commit to primary surpluses of 1 to 1.5 percent of GDP instead
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Greek 2016 draft budget contains 6.4 bln in new fiscal measures, sees recession ahead
EconomyMacroeconomyon investments, consumption and domestic tourism. Despite GDP growth of 1 percent in the first half of the year..., investments are anticipated to rebound by 4.5 percent, exports to decrease at a slower pace by 1 percent... at 173.74 billion euros for 2015, 6 percent lower than last year’s budget and 3 percent below 2014 figure
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Going for Growth: What next for Greece's economy and banks?
Agoratourism numbers in 2018 - some 30 million visitors who between them spent 16.1 billion euros[1]. And yet... dollars and the GDP per capita was 28,900 dollars[3]. In Q4 2018, those figures stood at 218 billion..., with a series of capital market suspensions and a stock market that has contracted by 83 pct (figure 1
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Greek fiscal deficits and debt since 2000
Agora. There are other operations (Table 1 below) that can change the stock of debt without affecting... overall debt and, beyond debt, the state’s net worth.[1] Data in the general government bulletin... to the measurement of the so-called 3 percent deficit rule and the 60 percent debt rule of the Maastricht
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China’s Footprint in Southeast Europe: Constructing the "Balkan Silk Road"
Agora’s export destination.[1] As a land-locked country in the Western Balkans, the FYR of Macedonia... China-Balkans Summit under the 16+1 umbrella was held in Belgrade in December 2014. Seen from a Chinese... it does not feature in the top ten of Bosnia’s export destinations. [3] Lending flows from China
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