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Greece agrees package of measures with IMF, eurozone to seal review
EconomyProgrammeas the pension cuts and reduction in the tax-free threshold yielding 1 percent of GDP each in 2019 and 2020... involve spending increases in 2019 and tax relief in 2020 to the tune of 1 percent of GDP each... rate from 22 to 20 percent with an estimated cost of 0.5 percent of GDP, progressive reduction
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Newsletter 106 - 10/02/2017
for the review impasse being found in to time for the February 20 Eurogroup. The last few days have... that on February 20 at the next Eurogroup meeting, the agreement will be reached and the country... to be struck by February 20, it is widely accepted that the institutions would have to return to Athens early
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Labour reforms, fiscal measures loom largest as Athens resumes talks with lenders
PoliticsGreek Politicsfinance ministers meet on March 20. Prime Minister Alexis Tsipras suggested on Friday, following... to be implemented from January 1, 2019. Athens is hoping that the volume of measures will be reduced slightly... since) by 1 percent of GDP in one go from 2020. This seems to be the proposal from the lenders
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In tight election race, rare TV debate carries element of unknown
PoliticsGreek PoliticsWith just over 10 days to go until the September 20 vote, party leaders are preparing to go... figure to rule out cooperating with New Democracy after September 20. However, such comments should... (roughly 2 percentage points or more) on September 20 to consider the option of teaming up just with PASOK
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Better contribution collection for Greek pension funds but 5.1-bln shortfall looms
Economyunpaid pensions, 1 billion from lump-sums and 450 million from unpaid supplementary pensions. POPOPK...: a) 7 billion euros is related to lower contributions due to high unemployment, with the number of unemployed surging by 1 million to 1.34 million in Q1 2014 from 364 thousand in Q3 2008. b) 3 billion
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Tracking Greece's fiscal performance
Agoratime. Figure 1 shows the overall fiscal balance over 10 years through 2022-Q2 as reported by two key... are calculated on what is called a “modified cash basis,” the dashed line in Figure 1. This means... at the time when these have an economic impact (solid line in Figure 1), even if the budget cash impact
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Ministry of Finance - List of 7 Reforms to the Eurogroup
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Episode 7 - A Euro2004 retrospective
AgoraUsually, The Agora podcast is dedicated to analysing the latest political, geopolitical, economic and even social developments affecting Greece. In this episode, though, we have gone in a different direction. Sixteen years on from one of the greatest up...
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Seasonal jobs account for 7 in 10 hirings as balance nears 100,000 in May
EconomyMacroeconomyGreece’s employment balance continued its recovery in May with 99,956 more hires then departures, according to data from the Labour Ministry’s Ergani information system released on Tuesday. April also had a solid positive balance of 124,365 more hirings...
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Jobless rate grows marginally to 12.6 pct as youth unemployment drops by over 7 points
EconomyMacroeconomyGreece’s seasonally adjusted (SA) unemployment rate pushed up marginally in July to 12.6 percent, from an upwards revised 12.3 percent in June, Hellenic Statistical Authority (ELSTAT) data showed on Wednesday. In July last year, the unemployment rate wa...
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