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  1. Wages index rises by 8 pct YoY in Q2, taking growth to more than 2 years
    Photo by Gerasimos Domenikos/Fosphotos

    EconomyMacroeconomy

    Greece’s seasonally adjusted (SA) Wages Index maintained a solid growth trend in Q2, rising by 8 percent year-on-year (YoY), from 7.4 percent growth in the first quarter of 2024, Hellenic Statistical Authority (ELSTAT) figures showed on Thursday. The wa...

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  2. Budget comfortably beats target up to Aug thanks to 2 bln excess taxes, 3.6 bln underspend
    Photo by MacroPolis

    EconomyMacroeconomy

    The budget primary balance was confirmed at a surplus of 7.57 billion euros in August, compared to a surplus of 5.6 billion euros in the same period a year earlier, according to the final Finance Ministry (MoF) budget execution data released on Wednesda...

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  3. Deposits rise by 2 bln in Aug, reaching new recent high of 205.4 bln
    Photo via https://flic.kr/p/95a2dS

    EconomyMacroeconomy

    The Greek banking system’s private sector deposits rose in August, with a net increase of 2.05 billion euros, after a drop of 1.15 billion euros in July, according to the latest Bank of Greece (BoG) figures released on Thursday. The annual growth in Jul...

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  4. Coalition in a bind as debt relief slips away and more austerity looms

    PoliticsGreek Politics

    The possibility of having to implement around 2 billion euros in new austerity measures next year... the government can find all of the extra 2 billion euros, or more than 1 percent of GDP, it will need... to win the next general elections and form a government. With economic recovery still some way off

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  5. One night in Cannes

    Agora

    step along the way had the potential to make things better or worse. It is on these decisions... from a government that had long started to lose its way. However, as a riveting account of events... of the G20 summit in Cannes on November 2. The former wanted Greece’s membership of the eurozone

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  6. What does a bailout exit with a precautionary credit line mean for Greece?
    Photo by MacroPolis

    EconomyProgramme

    guidelines, the ECCL can be drawn by way of a loan by countries whose general economic and financial... typical size is expected to vary between 2 and 10 percent of the concerned country’s GDP. Surveillance... and abolition of retirement exclusions from the general aging limits. 2) Abolition of nuisance

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  7. Greek tax revenues at 33.5 pct of GDP in 2013, slightly below OECD average
    Photo by MacroPolis

    EconomyMacroeconomy

    taxation, corporate income taxes halved from 6.5 percent in 2011 to 3.3 percent in 2012, way below... percent. Similarly, the consumption tax to GDP ratio reached 11.8 percent in 2012, almost 2 pp above... the OECD average of 6.6 percent. However, their contribution to total taxation slipped by 2 pp to 21.2

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  8. New Democracy and PASOK ponder next moves after election defeat

    PoliticsGreek Politics

    Sunday’s results came in (he pointed out that the party lost just under 2 percentage points compared... that a narrow defeat of 2 to 3 percentage points would be manageable for Samaras. However, SYRIZA’s... the party about the way that ND campaigned, focussing on the threat that SYRIZA could present rather

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  9. Newsletter 40 - 28/08/2015

    Newsletters

    that there would be no obstacles in the way of New Democracy leader Evangelos Meimarakis forming a coalition... for the stress tests (under the baseline scenario) while the final templates are due by 2 September... in final consumption and a fall in imports. 2 Tsipras goes TINA Promises have less currency in the third

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  10. If it's stability you're looking for...
    Photo by MacroPolis

    Agora

    it all his own way is unrealistic. The “53” have already expressed their opposition to many... their applications by 2 October, but the tension will build until the vote, which will possibly take place before... has rejected the idea of cooperating with PASOK, despite seeing its support slip by 2 percentage

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