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Greece and the euro: The flight of Icarus
Agora5 percent next year. The unemployment rate has passed 25 percent. One in two people under 25... has threatened to destroy the euro, pull apart the European Union and cause global financial havoc... of the implications this has for Europe as a whole. The reason I want to concentrate mostly on Greece
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Greek jobless rate eases for fourth straight month but still at 26.7 pct
Economy. For all other age groups the unemployment rate has more than tripled over the past 5 years...The seasonally adjusted jobless rate slipped for the fourth straight month to 26.7 percent... Agency (ELSTAT). Following revisions, the September rate of 27.7 percent now holds the new high
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VAT revenues up in 2016 but rate hikes fail to close gap of 29 pct
EconomyFeatures. In percentage terms, the VAT gap rate in 2016 has remained unchanged as compared to 2012. Year-on-year...The European Commission's VAT Gap report has revealed that high rates of VAT in Greece appear... in revenues with VAT increases in 2016 which took the rate from 23 percent to 24 percent in July
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Newsletter 57 - 08/01/2016
euros and at a rate of 33 percent for any income above that. The government has also legislated... in property prices is the single property tax (ENFIA). As the government has agreed.... In specific, the annual income of wage-earners and pensioners is taxed at a rate of 22 percent for income
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Where has the money withdrawn from Greek banks gone?
AgoraSince December, the Greek banking system has been suffering from extended deposit outflows, which reached 26.8 billion euros at the end of March. Almost 90 percent of these withdrawals stemmed from... in March is lower than the peak of 45 billion euros recorded in June 2012, the respective rate
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Long-term jobless rate of 71 pct poses new set of social challenges for Greece
Societyunemployment is nothing new in Greece, which has had a long standing problem with this issue. The rate...There was a time when Greece’s unemployment rate caught the media’s attention as it quadrupled from... the headline rate. One of the most significant numbers can be found when looking at the rate of long
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Unemployment rate at 16.1 pct in Sept
EconomyMacroeconomyGreece’s seasonally adjusted (SA) unemployment rate came to 16.1 percent in September from... on Thursday. For the same time last year, the unemployment rate came to 16.9 percent. In September, employment... million. The unemployment rate among women fell by 1 percentage point (pps) year-on-year and came
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Unemployment rate broadly stable at 13.3 pct in Oct
EconomyMacroeconomy. In the same month last year, the unemployment rate was 16.4 percent. Greece has not seen an unemployment rate as low as 13 percent since August 2010, just months since it signed its first adjustment...Greece’s seasonally adjusted (SA) unemployment rate stayed broadly stable in October at 13.3
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Average loan rate rises to 4.86 pct in Oct
EconomyMacroeconomyof 0.05 percent rate on deposits as of October. The spread on existing loans was 4.23 percent. The spread has been rising steadily since the summer, when the ECB introduced its first rate hike. Loans... in the previous months. The weighted average interest rate of existing loans in October was 4.27 percent
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Unemployment rate resumes upward trend to 24.4 pct in Jan
EconomyMacroeconomyin December. Over the last twelve months, SA employment has gained almost 60,000 jobs, while the jobless number has been slashed by 63,000. The unemployment rate among men and women was reduced by more...Greece’s seasonally adjusted (SA) unemployment rate edged up to 24.4 percent in January from 24.3
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