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Newsletter 481 - 24/10/2025
remains 16 pct below its 2009 level, a level lower even than its low during the depth of the crisis... increased significantly during this period. The sharp loss of productivity suggests that the outcomes observed are not unexpected but rather a consequence of the policy choices during the adjustment
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Low-productivity economy a legacy of adjustment without transformation
Economylower even than its low during the depth of the crisis in 2015. The analysis indicates... employment forms, such as involuntary part-time work, also increased significantly during this period... a consequence of the policy choices during the adjustment. It is evident that this structural
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Government outlines plans for rival port to Piraeus in strategic partnership with US
PoliticsGreek Politicseconomy during the debt crisis. COSCO has been operating a container port while developing a cruise... was outlined by ONEX CEO Panos Xenokostas during the P-TEC forum earlier this month. Xenokostas said... during President Volodymyr Zelenskyy’s official visit to Athens, making a powerful symbolic
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Newsletter 486 - 28/11/2025
% decline. Across the EU, the index rose by 22% during the same period, with top performers recording... points in 2004. Having lost a significant share of income during the early years of the debt crisis.... During the eight months of 2025, permits were down by 8.4 pct YoY to 18,788. The corresponding surface
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Eurogroup presidency hailed as pinnacle of recovery as OPEKEPE hearings descend into turmoil
PoliticsGreek Politicsdescended into chaos on Thursday during the appearance of a key witness named in the European Public... death threats against her during a recess, while New Democracy lawmakers on the committee retaliated... Democracy’s senior spokesman on the committee openly coached the witness during the session and shielded
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Farmers threaten more action after inconclusive meeting as Karystianou courts controversy
PoliticsGreek Politics: compromises must be “realistic,” and the state cannot meet every demand. During the talks... arena. During the latest in a string of media interviews, Karystianou courted controversy... disaster and its demand for accountability – a point she re-emphasised during her latest interview
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ND mounts counter‑offensive after PASOK congress but keeps focus on inflation
PoliticsGreek Politics) during the surveillance scandal, and ND’s celebrations when independent MPs, previously with far-right..., dismissing speculation as irresponsible during a major geopolitical crisis. She echoed Marinakis’ line... is also keen to highlight that disposable income has increased during its time in office. This dual
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IMF revises fiscal outlook, sees lower primary surpluses in coming years
EconomyMacroeconomyis estimated at 5.1 percent this year and 3.6 percent next year. Previously, the estimates stood at 5.4... the estimates it published in the previous Fiscal Monitor in April. The IMF sees Greece’s overall fiscal... in 2023 and 2024 respectively. These headline estimates appear to leave the IMF isolated when
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The key numbers behind the latest Greek proposals
EconomyProgramme23. However, it is not clear whether the government later changed those estimates or whether... the corporate tax rate from 26 to 28 percent with estimated revenues at 260 million in 2016 2) Increase... with estimated revenues at 100 million per annum in 2015-2016 5) Extension of luxury tax with incremental
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European Commission review of Greek programme: The key points
EconomyProgramme), the EC estimates Greece would have needed an additional 5 billion to cover its financing needs until... estimates privatisation revenues in excess of the 3-billion mark per annum as of 2016. The updated plan... that the financing gap until May 2015 is estimated at 5.5 billion euros. This figure reduces to 3.8 billion if we
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