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Greece braces for recession, hopes to bounce back from summer onwards
Economyadmitted that Greece is on course for an economic contraction of 1 to 3 pct this year due to the virus... losses to exceed 3 billion euros. With city hotels already shut, resorts will soon face the challenge... primary surplus, of close to 3 pct of GDP, in the coming years to bring down its debt following
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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... justification and provided that proportionality of the aid remains assured. 3. Loans at Preferential... not receive unemployment benefit. 3. Measures concerning freelancers, self-employed and sole
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General govt primary cash deficit at 5.48 bln in June as tax revenues fall
EconomyMacroeconomyof 71 million euros. Expenditure rose by 1.11 billion euros (+3 percent YoY) to stand at 38.09... and services (-201million), subsidies (-194 million)and interest paid (-3 million). Arrears Arrears...) and state budget (-3 million). At 31.2 percent of the total, hospital arrears make up the majority
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Newsletter 261 -07/08/2020
. Expenditure rose by 1.11 billion euros (+3 percent YoY) to stand at 38.09 billion euros. The main driver...), subsidies (-194 million)and interest paid (-3 million). Arrears to the private sector (including tax refund...) and SSFs (+1 million). Drops were seen in tax refunds (-91 million) and state budget (-3 million
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Draft budget sees EU funds fuelling recovery of 7.5 pct in 2021, after 8.2 contraction this year
EconomyMacroeconomyto September this year, it would shave off 3 percentage points of the growth to 4.5 pct, with a fiscal impact of 2 percentage points, leading to a primary deficit of 3 pct of GDP. Fiscal On the fiscal... insurance contributions by 3 percentage points will have a fiscal impact of 816 million. Abolishing
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The allocation of labor resources in Greece and the EU-27
Agoradriving this process is the political system. This leads us to Figure 3 (above). Figure 3 shows which.... But this belief is not backed-up by the reality on the ground. Figure 3 shows that ND increased employment
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Productivity developments in the Greek public and private sector
Agora. But the trend line highlights that the downward trajectory started years before Covid-19 struck. Figure 3... and productivity growth.[3] These reforms are as important in the product markets as they are in the labor markets... technical challenges in measuring government productivity. [3] The Pissarides Report (led by Nobel
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The case of SYRIZA's fiscal performance
Agora—cautious management to keep the primary balance strong (3 percent of GDP surplus on average) and renewed... distribution towards higher-income earners.[3] One new element in the mix is that Greece has submitted... remarkably under the SYRIZA government. [3] See for instance, the paper, published by LSE’s
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Polls boost for KINAL after leadership vote, as Androulakis rolls out key appointments
PoliticsGreek Politicsdropping almost 3 percentage points from 36.7 pct to 33.8 pct, while SYRIZA remains stable at 23.5 pct... has dropped 3 percentage points since the start of the year. Androulakis gets the approval of 42 pct... a more significant shift in voter preferences. However, the 3 percentage-point drop will be a wake-up
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Public sector capital stock in Greece and the Euro-19
Agorabetween 40-60 percent of real GDP.[3] Some countries have higher calculated capital stocks, which... in Europe: a model-based assessment. ECB Working Paper 2021, February 2017. [3] The ECB Working Paper referenced in footnote 3 has a somewhat wider range from 30-60 percent of GDP. [4] See “Making Public
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