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Stock taking: Where is the Greek economy now?
Agoraevents in our daily lives.[1] This also holds true for thinking about the macroeconomy of Greece. We can... an aspirational objective of around 1½ percent a year (see our blogs 5, 6, and 7 for more details.... The IMF has potential growth at 1 percent a year, and the EU Commission is a bit above (because
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We can't ignore population shifts within the European Union
Agoraof the Netherlands.[1] These books are forward looking and start with an analysis of the demographics of each... more broadly.[3] Thus, it would appear that since the development of the EU as a common market... from the east and south to the north and west. Table 1 below presents the data per country
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Pension reform to be one of new government's toughest challenges in next weeks
EconomyProgrammeeurozone officials recently stated that pension reforms are also key for unlocking the next tranche of 3... government had voted on July 15 a series of pension reforms, which mainly included: 1) An increase..., 344.7 million in 2018 and 455.3 million in 2019. 3) Integration into the Unified Auxiliary
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About last night
Agorahalf a day to reach a deal at 1:30 a.m. on Friday regarding the package of debt interventions... beyond 3 years and wanted a link between how much would be disbursed in the last tranche for the cash... in from 2023, when the previous grace period was due to expire. This would require an additional 1 billion
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EU's temporary framework for state aid in response to Covid-19 outbreak
Legal(the “Temporary Framework”). The Framework is based on Article 107(3)(b) of the Treaty... the 2020 Temporary Framework 1. Direct Grant or Tax Advantages Under the Temporary Framework, the Member...) on the basis of the maturity of the loan (1 year, 2-3 years or 4-6 years), credit risk margins, ranging
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Productivity developments in the Greek public and private sector
Agora. There is no contested market for government services (at least not in the short run[1... numbers of real GVA per employee are shown in Figure 1 (index Q1 2001 = 100), together... of Figure 1 jump out immediately. Overall productivity increased in the initial boom years after euro
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When will Greek banks operate as credit institutions again?
Agorasection, page 3. This partnership to sustain what some observers have started to call Greekcovery has... 27 per cent between 2010 and Q3-2013.[1] But this apparent success story risks being undermined...-oriented to southeast Europe, including Greece, which is seeking a loan of 1 million euros from its local
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Why did Greece return to bond markets now? Was it the right decision?
Economyilluminate this debate. 1) Why did Greece issue this bond now? The Greek government had been... stocks. At the same time, the yield of the 3- and 6-month T-Bills in March and April auctions dropped... on the secondary market in the near future. 3) Can the bond sale be considered a success? The final
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What is in SYRIZA's 3-pillar programme to overcome the crisis?
Economyinterventions involve: 1) Subsidized meals for 300,000 poor families (estimated cost at 756 million). 2... earning up to 700 euros gross per month (543.1 million). 3) Free access to the public health care... 30,000 apartments with a rent subsidy of 3 euros per square meter (54 million). 7) Abolition
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Greek gg primary cash surplus at 2.2 bln in 2014, arrears down to 3.75 bln
EconomyMacroeconomydisplayed the highest primary surplus at 2.42 billion euros in 2014, albeit lower than the 3 billion... of December, 803 million lower than the end-November figure of 4.56 billion and 1 billion below.... In particular, the evolution of long-term securities in 2014 relates to: 1) Two bond issues
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