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Hiring balance slows in June as job market returns to normal levels
EconomyMacroeconomyby 45 percent compared to last year, as all measures preserving jobs are wound down. Both hirings... roles are waiters, kitchen staff, cleaning staff, retail sales staff and receptionists. Overall
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Labour market reforms did exactly what they were supposed to
Agoramoderation and led to higher prices. The wage-bargaining processes set relatively high minimum wage... allow local pay agreements to set wage growth below sectoral agreements and introduce variable pay... in the programme conditionality an across-the-board cut in private sector wages, the idea was finally dropped
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Greek pensions laid bare
Agorathis period. The biggest annual drop was recorded in 2013 when the full impact of the last pension cut... pensions amounts to 884 euros. Note, though, that for around 45 percent of pensioners their monthly... assets do not have the capacity to support the retirement pay under any type of asset management
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Between Scylla and Charybdis
Agorawhich they don’t have and will be effectively be cut off from any access to euros. As I have argued... will be the approximately 45 billion euros in cash in circulation. In such a scenario, any Greek government... consideration under the type of duress that could cripple even the most efficient of public administrations, do
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Why doesn't Tsipras just cut defence spending?
AgoraIt seems the easiest option for a left-wing party coming to power and needing to save money: cut defence spending. However, despite being under intense pressure from Greece’s lenders to find a way... as a structural measure that produces a permanent spending cut. One of the reasons that Tsipras chose
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ND struggles to gain traction on back of tax-cut pledges as voters’ trust remains low
PoliticsGreek Politicsannouncement of a major tax-cut package. Mitsotakis is due to chair a meeting of his cabinet on Tuesday, hours..., meaning that even the recent tax-cut package announced by the PM failed to make a discernible impact
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Newsletter 108 - 24/02/2017
needed before there can be a staff level agreement. Greece will have to reduce the cut pension spending... and cut existing pensions when, until recently, it had promised it would not do so. The government’s.... The institutions had requested this threshold be set at 50,000 euros. For debt restructuring to be approved
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PM unveils 300 mln support package, pairing economic relief with major defence upgrade
PoliticsGreek Politics. Prime Minister Kyriakos Mitsotakis outlined a set of four interventions aimed at absorbing the impact..., the government will increase taxation on online casino‑type gambling, raising the levy on winnings between... considerations. Government officials had previously publicly floated the idea of a cut, but tied
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Electricity price shock, pressure on phone-tapping take shine off surveillance exit
PoliticsGreek Politicswere 45 days past due. This figure now stands at 45 pct, with the amounts in arrears climbing to 1.... In addition to the expanding envelope for energy support, the government is looking to set aside funds... for permanent fiscal space from next year to implement its tax cut pledges and a pensions rise, while
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PM set to prolong coal use, sparking complaints about energy policy U-turn
PoliticsGreek Politicsminister was in western Macedonia to cut the ribbon on a giant photovoltaic project which, he said... commitment to remove coal from the energy mix on the ambitious schedule it set shortly after coming
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