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  1. Shortcomings in healthcare seen at forefront of austerity impact in Greece
    Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]

    Society

    in the past 3 years. Findings from population surveys suggest a 2.5 times increased prevalence of major depression, from 3•3 percent in 2008 to 8•2 percent in 2011, with economic hardship being a major..., with newly unemployed people aged 29–55 years covered for a maximum of 2 years. Rapidly increasing

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  2. Newsletter 12 - 23/01/2015

    Newsletters

    to watch, which will be the level of support that goes to parties which do not pass the 3 percent... whether Antonis Samaras should continue as the conservative party’s leader. A small defeat of about 2 to 3 percentage points was considered manageable for Samaras but a bigger loss may prompt rivals

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  3. Greece seeks 3-year programme that could exceed 65 bln

    EconomyProgramme

    , 2) Redemptions of Greek government bonds held by the Eurosystem of 14.3 billion 3) Redemption... its forecast to a contraction of 1.5 percent. S&P is more pessimistic as it projected a 3 percent... for privatization proceeds of 2 billion and primary surplus of 9.4 billion that could reduce accordingly funding

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  4. Asking Greece to stack more austerity measures ignores past failings
    Photo by Harry van Versendaal

    Agora

    will need to implement 3 percent of GDP, more than 5 billion euros, in further austerity measures up to 2018 and commit to an added 2 percent of GDP on stand-by in the event that targets are missed... issues of 3- and 5-year bonds and, after years of recession, the first sign of growth was recorded

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  5. Draft budget sees primary surplus at 1.8 pct of GDP in 2017, revenue interventions of 2.5 bln

    EconomyMacroeconomy

    in 2017 from 5.65 billion in 2016. On arrears, the draft budget notes that transfer of 2 billion euros... revenues. The most significant revenue interventions in 2017 involve: 1) Income tax reform (772 million) 2) Change in rates and extension of solidarity levy (678 million) 3) Increase in the excise tax

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  6. Hotel owners sound warning over Thomas Cook revenue losses
    Photo by MacroPolis

    EconomyFeatures

    were 1, 2 or 3 star establishments, 32 percent were 4 start and 21 percent were 5 star. The lower.... Specifically, the amount of turnover generated via Thomas Cook for 1, 2 and 3 star hotels came..., while those with 2 stars faced a loss of 58 percent. Hotels with 3, 4 and 5 stars faced losses of 39

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  7. 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... insurance. 2. Subsidized Guarantees for Bank Loans One of the most important instruments under... justification and provided that proportionality of the aid remains assured. 3. Loans at Preferential

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  8. Productivity developments in the Greek public and private sector
    Photo by MacroPolis

    Agora

    their own productivity based on GVA produced per government employee.[2] These data can... to the same quarter of a year earlier (to avoid seasonality). Figure 2 shows the growth rates for the economy.... But the trend line highlights that the downward trajectory started years before Covid-19 struck. Figure 3

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  9. Where is Odysseus? Part 5 - Productivity
    Photo via https://flic.kr/p/2cusZTV

    Agora

    .[2] The dotted line in Figure 1 shows the employment path that was anticipated in Odysseus’ 2018... of real GDP, which is presented in Figure 2. Again, we show the current path as the solid line... calculate the path for real GDP per person employed. That is average labor productivity. Figure 3 presents

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  10. Newsletter 388 - 07/07/2023

    Newsletters

    , followed by leadership elections on September 3. The timeframe is designed to put a new leader... last week, the Bank of Greece forecasts the economy to grow by 2.3 pct, with a stable trajectory of 3..., and an increase in public spending by 2 pct due to improved budget performance that will generate

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