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Newsletter 62 - 12/02/2016
fund (IKA) saw the level of contributions paid in by workers plummet by 31.5 percent between 2010... government’s wayward and naïve negotiating strategy last year, which saw the early signs of an economic... but that in order to comply with its bailout programme, which provides the only source of funding available
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Multiple crises fence in Greece
Agorafunds. The country’s main social security fund (IKA) saw the level of contributions paid..., which saw the early signs of an economic recovery wiped out and Greece’s banks undermined... the only source of funding available at the moment, it has to adopt measures (such as VAT rises
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Tsipras sails through multi-bill vote, looks to disbursement and debt relief
PoliticsGreek Politics’ court regarding the disbursement of bailout funds and debt relief. Prime Minister Alexis Tsipras saw.... Other late changes saw the tax on beer increase from June 1, 2016 (instead of of Jan 1, 2018... subsidy for low-income pensioners this year, as well as funding employment schemes and tackling
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Newsletter 318 - 26/11/2021
than 1 in 5 respondents saw a significant benefit from the government’s energy support package... campaigns that saw a variety of Greek media outlets receive more than 40 million euros in total... years and the average funding cost stood at 0.31 pct.MacroeconomyCharts of the weekBudget The Finance
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Company closures dropped sharply during the pandemic
EconomyFeaturesand retail trade; repair of motor vehicles and motorcycles” which saw 8,082 closures. While that may seem... actually dropped 18.9 percent. In fact, only one sector saw an increase in the number of closures in 2020: electricity, gas, steam and air conditioning supply, which saw an increase of 26.4 percent
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Of symmetry and adjustments in the eurozone
Agorareasons why an export-led model cannot work: The first is the many times recalled fallacy... on an export-led growth model Germany and Europe will be forced to rely on somebody else’s growth... model Europe would condemn itself to a secondary role. * Francesco Saraceno is Senior Economist
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Growth conditions improving but more work needed over longer term, PBO suggests
EconomyMacroeconomyagainst an import model driven by private consumption, since this is not a productive model and is too similar to the consumption model which was partially responsible for sparking the Greek economic
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OECD forecasts unemployment increase into 2021
EconomyFeaturesparticularly that the coronavirus crisis reveals the limits of the country’s economic development model. “The lack of development of business culture and the limits of the existing model of tertiary... to include the transition to new and varied branches with an updated education model that would offer
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Wage ruling gives gov't immediate fiscal headache, political one may come later
PoliticsGreek Politicson wage maturities If this proves to be correct, the government faces a challenge in finding... program review being carried out by the troika. It has struggled to reach this amount so finding... the impact that wage cuts would have on the party’s popularity. However, finding new savings could
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Greek banks push for return to normality
EconomyBankingyear. Moody’s saw the bank’s capital at comfortable levels, with the CET1 ratio for the total... was based on the expectation of an improvement in the funding and asset risk of the banks over the next... of Emergency Liquidity Assistance (ELA). As of July, BoG noted that Greek banks’ Eurosystem funding declined
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