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Newsletter 219 -13/09/2019
workers will be reduced from July 1 next year. Mitsotakis said the aim is to bring them down by 1... in those employed, bringing the total to 3.96 million. The number of long-term unemployed (over 1 year... in August, following a 1 percent rise in July. Greece’s Consumer Price Index (CPI) remained contracted
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Greek 2013 primary surplus confirmed at 1.5 bln euros
Economydebt, 1 billion to reduce state arrears and 500 million would be given as a “social dividend... the reduction of social security contributions by 3.9 percentage points (2.9 for employers and 1 for employees), which will be effective from July 1. The MoF insisted on Wednesday that it could still meet
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The key points from Greece's proposal to lenders
EconomyProgrammein 2016 (excluding VAT) incorporate: 1) Change of the VAT rates from the current level of 6.5, 13... will be implemented as of October 1. 2) Introduction of a reward point system for the registration of receipts...) will derive from land development. Social Security The key interventions involve: 1) Consolidation
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A closer look at Greece's revised proposals to lenders
EconomyProgrammewith those of the institutions and now sees a primary surplus target of 1 percent of GDP for 2015... include: 1) Increase in the corporate income tax rate by 3 percentage points to 29 percent from 26... are coming on top of measures that were also included in the previous proposal and involve: 1) Revenues
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Greece's updated proposals to lenders and how they compare to previous efforts
EconomyProgrammein the previous proposal. The pension interventions include: 1) Early retirement restrictions totalling... the cut by 3.9 pp that was implemented by the previous government as of July 1, 2014. At that time... with estimated revenues at 135 million in 2015 and 270 million in 2016. This corresponds to a 1 percent
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China’s Footprint in Southeast Europe: Constructing the "Balkan Silk Road"
Agora’s export destination.[1] As a land-locked country in the Western Balkans, the FYR of Macedonia... China-Balkans Summit under the 16+1 umbrella was held in Belgrade in December 2014. Seen from a Chinese..., ‘China’s Investment in Influence: The Future of the 16+1 Cooperation’, ecfr.eu, December 2016, p. 7
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Newsletter 170 -13/07/2018
to commit that the VAT rate will be raised from January 1, 2019 on Chios, Kos, Leros, Lesvos and Samos... rises by 1 pct in June Headline reading stays positive for third month of price rises The latest figure... Index (CPI) rose by 1 percent in June following an increase of 0.6 percent in May, Hellenic Statistical
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Newsletter 174 -14/09/2018
spending by 1 percent of GDP next year, as had been agreed and legislated last year. The Greek side... would receive before the end of the year around 1 billion euros in backpay. He also announced... rate of VAT from 24 to 22 percent in 2021, with the lower rate dropping 1 percentage point from 13
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Stock taking: Where is the Greek economy now?
Agoraevents in our daily lives.[1] This also holds true for thinking about the macroeconomy of Greece. We can... an aspirational objective of around 1½ percent a year (see our blogs 5, 6, and 7 for more details.... The IMF has potential growth at 1 percent a year, and the EU Commission is a bit above (because
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Where is Odysseus? Part 5 - Productivity
Agoraon the macroeconomy of Greece.[1] In blog 16, we updated Greece’s demographic projections and found... is more easily transmitted in graphs than in lengthy complex tables. Employment. Consider Figure 1, below....[2] The dotted line in Figure 1 shows the employment path that was anticipated in Odysseus’ 2018
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