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  1. OECD's Greek debt forecast shakes foundations of troika DSA

    EconomyMacroeconomy

    of the areas the troika-led program has so far failed to improve. But most alarmingly, the OECD presents... the troika assumes for the 2013-2020 period. Although this has a negative effect on real GDP... and his cabinet much to think about. The OECD outlines 329 actions and measures that can help Greece

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  2. Greek retail index dropped 4.3 pct in January

    EconomyMacroeconomy

    six years earlier when the Greek crisis emerged. Hit by strict austerity measures that wiped out out 25 percent of GDP, disposable income has shrunk by 32 percent over the same period. This brought private consumption down by 28 percent. Retail turnover has consistently headed south since June 2010

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  3. Greeks living in smaller, older, poorer quality homes during crisis, BoG study shows
    Photo by Harry van Versendaal

    Society

    concerns old housing loans for which either the payment has been extended or for houses that have been... drop of 3.6 percent. In terms of the number of rooms per person, Greece has the lowest ranking at 1.2... income from recession and austerity measures. In 2008, households with monthly income above 3,500 euros

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  4. Samaras seeks vote of confidence and moment of history
    Photo by Harry van Versendaal

    Agora

    2004) has come close to being at the end of the government’s full term in office. Then, Greece went... until Parliament has to elect a new president of the republic next February/March. Theoretically... measures that will rile coalition backbenchers and fuel the coalition’s opinion poll demise

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  5. Rare rise of 2.1 pct in Q3 for Greek wages index

    EconomyMacroeconomy

    was inflated since it incorporated the 14th salary (Christmas bonus) which has been paid in Q1 instead of Q4... YoY changes of other EU countries, since Eurostat has not yet released the relevant data for those... percent clearly demonstrating the devastating impact from austerity measures, labor market changes

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  6. Tsipras delivers SYRIZA's first, tempered message of Greek election campaign
    Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]

    PoliticsGreek Politics

    than twice the 11.4 billion euros the opposition party claimed. SYRIZA’s programme has four themes... to 751 euros per month from 586 euros. It also has a plan for creating 300,000 jobs in the private.... It is likely that SYRIZA will try to implement these measures, some of which have a relatively small

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  7. As coalition prepares first draft laws, Tsipras may avoid Parliament vote on extension
    Photo by MacroPolis

    PoliticsGreek Politics

    and the reform commitments Greece has made are brought to the House. This process is expected to begin next... secretariat. Tsipras has proposed for the number of secretariat members to be reduced from 21 to 11... cost to public finances, and introduce measures to tackle the social impact of the crisis

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  8. Greek gov't tables draft law on installments for unpaid taxes: Here's what's in it

    EconomyMacroeconomy

    a total of unpaid tax obligations of 76 billion euros. The MoF has identified that around 9 billion... of 583 million in the corresponding period of 2014. The Labour Ministry has noted it aims to collect...-third of the collectable tax arrears, around 3 billion euros. Regarding the impact these measures would

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  9. No quick solution to Greek liquidity problem; reforms list holds key
    Photo by MacroPolis

    PoliticsGreek Politics

    the money, which Athens hoped would have eased its liquidity problems. Reuters has reported unnamed... clear but there are many details that need to be ironed. The government, for instance, has sent mixed... the fiscal side, with both sides having to agree on the gap for 2015 and what measures will be needed

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  10. Rebound in Q4 by 1.4 pct brings 2014 disposable income down 3.2 pct

    EconomyMacroeconomy

    and benefits by 3 percent. Since 2009, household disposable income has been eroded by one-third, which... the devastating impact from harsh austerity measures and increased taxes. For the whole 2014, employee compensation rose 0.9 percent. However, over the last five years, compensation of employees has shark

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