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New court verdict adds to concern about impact of backpay on fiscal balance
EconomyProgrammeto 800 million euros per year on an ongoing basis and potentially eligible for backpay claims... newspaper put the possible total cost to public coffers for all the appeals pending at more than 6 billion euros per year. Kathimerini suggested the total figure could be somewhere between 11.5 and 17
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New pension system, lower primary surpluses among govt targets for 2020
PoliticsGreek Politicsthat main pensions could increase by up to 200 euros per month in some cases, while the average rise for supplementary pensions will be 100 euros per month. A senior ministry source told Ta Nea... to be published within the first half of the year. Estimates of the total cost of the claims range from 4.2
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Newsletter 255 -26/06/2020
to 380 million euros per month. The May deficit has dropped to 197 million, leading to an overall... applications in September 2019 to 160,959 in March 2020. The cost to the budget is expected to exceed 600... expenditure per trip fell by 62.2 percent to 193.80 euros. The breakdown of the inbound traveller flows showed
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Stock taking: Where is the Greek economy now?
Agoratransition problem related to how the government is going to absorb this transition cost toward a new...-being in the future (the workforce is shrinking, so productivity is the only driver of per-capita... percent per year (including the boom years through 2009 and the crisis thereafter). Covid-19 has
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Impact of inflation already widespread, but data suggests worse to come
EconomyFeaturesis only seen deteriorating in the coming months as in October and the first half of November, the cost of kWh has gone up by roughly 120 pct since January to 0.335 euros and the wholesale price per MWh was above 200 euros. Natural gas prices are up by 198 pct to 0.125 euros per kWh and heating oil has
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Tsipras hits back with own economic pledges, choice for voters to ponder
PoliticsGreek Politicsat easing the impact of the cost-of-living crisis, the SYRIZA president unveiled a similar package... leaving power in 2019. He said that retirees earning up to 500 euros per month would receive a full... three years. Starting salaries for doctors will also be raised to 2,000 euros per month. Tsipras’s
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From default to investment grade: A brief history of Greek debt
Agorato the largest sovereign default in history, cost around a quarter of Greek GDP and pushed the unemployment rate to a peak of 28 per cent. Given that Greece’s general government debt has exceeded 350 billion euros in recent years and the debt-to-GDP ratio reached 160 per cent of GDP in 2023, the question
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Newsletter 429 - 28/06/2024
problems such as the cost of living. The PM seems to be hoping that being seen to listen... on the basis that the spending ceiling could rise by 3 pct per year, per the latest SGP rules. Finance
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Housing tops government plans for policy reset in autumn
PoliticsGreek Politicsan extra 15-30 euros per month for more pensioners. Those in the “personal difference” category..., earning less than 700 euros per month, are expected to be given 150 euros. The test for Mitsotakis..., many of which have been exacerbated by the cost-of-living crisis, without resorting to handouts
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Newsletter 432 - 06/09/2024
, it only gained traction over the past few days. It uses wages per hour based on unit labour costs... place Greece near the bottom of the EU, only above Bulgaria. For instance, in the index of GDP per... had to contend with the effects of the long economic downturn and the recent cost-of-living crisis
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