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The first cut is the deepest? Greek pension reforms in context
EconomyFeaturesof public protests against austerity. Often the public rhetoric obscures rather than conveys...’ pensions directly out of the budget rather than through a pension fund. State pensions amounted... more than twice the size of the entire public procurement bill. However successive governments have
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Is a lack of spending hampering Greece's firefighting capabilities?
Societyvolunteers. By this count, Greece employs more professional firefighters than most developed western states. With 115 career firefighters per 100,000 inhabitants, it ranks higher than the United States with 109, and has more than twice the personnel than Italy with 48, and almost three times
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Severe underspend covers lower revenues for end-May primary surplus
EconomyGreece’s budget execution showed that the 5-month primary surplus more than doubled to 1.51 billion... higher than expected Public Investment Budget (PIB) balance (by 1.11 billion) more than offsetting..., the underlying revenue performance in May shows a revenue shortfall of more than 300 million euros. Τax
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Newsletter 47 - 16/10/2015
Panos Kammenos failing to include him in the cabinet rather than any particular ideological or political..., distancing themselves from any measures other than structural reforms, such as steps aimed at tackling tax... contraction than lenders The Greek government as well as local banks and economic think-tanks
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Special ELSTAT report reveals dramatic changes in labour market since 1980s
EconomyMacroeconomy. During the current crisis, the jobless rate more than tripled. It peaked at 27.5 percent in 2013 but has decreased by more than 2.5 percentage points (pp) since then, falling to 24.9 percent in 2015... (less than 5 months) exceeded the long-term figure. Long-term to total unemployment started rising
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Budget primary surplus of 1.1 billion slightly outperforms target by 77 million in Q1
EconomyMacroeconomyof 1.07 billion in March following a surplus of more than 1 billion recorded in each of the previous two... in March, mostly due to higher direct taxes, which came in 131 million better than target. Overall... of target by 69 million. The better than expected performance of direct taxes is mainly attributed to higher
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Budget primary surplus of 1.73 bln outperforms target, tax revenues fall short in April
EconomyMacroeconomylower than the target. In addition, gross revenues (revenues before tax refunds) beat the target by 534... lower than the target. The monthly primary balance recorded a surplus of 656 million in April from... million lower than the target. This is fully attributed to indirect taxes, which were 178 million
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Is Greece on track to decouple from fossil gas?
Agoraof the previous year alone -rather than the five-year average- would be used as a baseline to calculate the 15.... Compared to the eight months of the previous year, it reduced its consumption by 31.8%, more than... throughout the year. Thus, 2023 closed with a total domestic consumption of 50.9 TWh, 10.1% lower than
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Where is Greek growth coming from?
Agorawere moderate, but, gradually, the economy showed progress toward more positive than negative real..., activity at the end of the year will be higher than at the average of the year. This difference... it is less than 75 percent of GDP. This also means that saving in Greece (GDP - C) is much lower
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Newsletter 38 - 07/08/2015
change in the way individuals manage their cash. For more than three weeks, they could withdraw only... cards, Eurobank 170,000 and National Bank more than 400,000, while Piraeus officially announced... and handled an average of more than 100,000 online transactions per day, implying a substantial Banks
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