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PM doubles down on constitutional reform as pre‑election strategy hardens
PoliticsGreek Politicsa longer arc, culminating in 2030 — the bicentennial of the modern Greek state. By then, he says, Greece
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Athens calibrates domestic and diplomatic response to Iran war as tension with Turkey resurfaces
PoliticsGreek Politics. Unpredictability Gerapetritis offered the government’s starkest assessment yet: “In modern diplomacy
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Farm subsidy scandal prompts disquiet in ruling party, encourages opposition
PoliticsGreek Politicshuman intervention, crop checks done by satellites, livestock counted with modern tools rather than
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Greek fiscal deficits and debt since 2000
Agoraof the Hellenic Ministry of Finance, that the Syriza 2 government (from September 2015 to July 2019... a look at Syriza 2. This administration ran an average overall surplus of 0.1 percent of GDP a year... that the economy is growing. But the stock of debt during Syriza 2 increased by some €19 billion
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Greece - Some structural macroeconomic arithmetic
Agorasuggests that trend output growth sits around 1¼ percent a year. The OECD seems to be below 2 percent... officials and economists suggests that potential output growth may hover “around 2 percent...). But Greece cannot make an average nominal GDP growth rate of 5 percent, which would imply 2
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Lenders set out 49 milestones for Greece to meet before next bailout tranche
EconomyProgrammewill have to achieve by mid-October for the disbursement of the next bailout sub-tranche of 2 billion... strategy for the banking system 2) Completion of a credible strategy on non-performing loans (NPLs... supplementary funds into ETEA was signed on August 25 and became effective as of September 1 2) Early
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Tailor-made Maastricht criteria for Greece?
Agorainteresting detail is that the 5 percent nominal growth rate can be thought of as 2 percent... for a maximum debt ratio of 60 percent, then the tolerable maximum deficit would have been 2 percent..., and a possible reform of the Maastricht Criteria? Table 2 provides some data. Based on the most likely
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The key points from Greece's proposal to lenders
EconomyProgrammewill be implemented as of October 1. 2) Introduction of a reward point system for the registration of receipts in an effort to increase VAT and income collection. 3) Increase in the solidarity levy rates to 2% (from... of the social security funds (SSFs) into three in two phases and over a period of 3 year. 2) Suspension
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Newsletter 47 - 16/10/2015
statements they expect a softer GDP contraction of between 1.5 to 2 percent this year... and 3.3 percent YoY in Q3 and by a further 2 percent QoQ and 5 percent YoY in Q4. The full-year... than its previous forecast for a recession of 2 percent for 2015. Note, though, that the bank
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GDP shows annual growth of 2.2 pct in Q3
EconomyMacroeconomyhas stayed above 2 percent for four out of the five previous quarters. In addition, GDP at current... outlooks unchanged at 2 percent for this year and 2.4 percent for next year. The European Commission... to 2 percent from 1.9 percent in the previous forecast. Growth of 2 percent was also anticipated
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