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IMF downgrades Greek GDP and unemployment forecasts
EconomyMacroeconomyyear on year compared to IMF’s estimate for a growth of 0.7 percent. The European Commission (EC... of Greece (BoG) has a slightly lower estimate of 2.5 percent, while the OECD foresees a much slower growth.... For 2018, the IMF expects GDP growth to accelerate to 2.7 percent, while its medium-term estimate
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PM gives ESY clean bill of health, prompting opposition backlash
PoliticsGreek Politicsand an ongoing push toward privatisation. He drew attention to some 6,500 vacant doctor posts and 20,000... halt to any privatisation push. Reports compiled over the last few years by experts at the OECD, World... that hospitals and health centres nationwide have been renovated, that staff numbers are rising alongside
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Commission sees lower Greek financing needs, provides timetable for course of programme
EconomyProgrammebillion, while privatisation receipts of around 6 billion are also expected to lower financing needs... billion to arrears’ clearance. Deducting privatisation revenues of 1.3 billion and ANFA profits..., and 2.3 billion arrears’ clearance. Privatisation proceeds of 3.2 billion and ANDA profits of 0.3
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ND promotes positive narrative abroad, away from inquiry clash at home
PoliticsGreek Politics, business-friendly reforms and privatisations. Staikouras is also reported to have assured investors... suggested that Staikouras was also asked about the government’s intentions regarding privatisations... hoping that some quickfire privatisations and the launch of the Hellinikon project, as well as other
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Clock ticks on bailout review but big gaps remain between Greece, lenders
EconomyProgrammeliberalisation of the non-performing loan (NPL) market and the new privatisation fund. Pension... ease the burden on cooperative borrowers and enable banks to unlock tied-up funds. Privatisation Fund... Wolfgang Schaeuble has repeatedly noted that he considers the establishment of a new privatisation fund
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After talks with lenders, Greece returns to list of tasks to secure next bailout payment
EconomyProgrammefor the disbursement of those funds. Privatisations On the privatisation front, the most contentious issues concern... from being transferred for national security reasons. Other pending actions on privatisations involve... privatisation and investment fund (HCAP), the voluntary declaration of income and electronic
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Fourth review talks move along but some obstacles yet to be cleared
EconomyProgrammethat it maintains its target of collecting 2.65 billion euros. Privatisations Privatisations were also... a discussion about the privatisation of gas supply firm DEPA and that there would be an attempt... representatives who met with the institutions proposed a new plan for the privatisation of 10
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Newsletter 65 - 04/03/2016
of a primary surplus of 3.5 percent of GDP. In contrast, the EC and the government estimate a lower... percent contraction it foresaw in its flash estimate on February 12. The reported figures point... lower than the initial estimate incorporated in the third bailout programme of a recession of 2.3
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Q3 GDP beats consensus, rises by 0.5 pct QoQ and 1.5 pct YoY
EconomyMacroeconomyfor 2016. The MoF, Bank of Greece (BoG) and the EC estimate a mild GDP contraction of 0.3 percent, while OECD’s estimate stands a bit lower at 0.2 percent. In contrast, IMF sees a marginal GDP expansion of 0.1 percent. For the full year MoF and EC estimate of a GDP contraction of 0.3 percent to be met
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Greek women in crisis
Agora. Although the law protects maternity leave and return to work, norms and culture in the private sector lead... of maternity leave covered by the employer (2 months prior to giving birth and 2 months afterwards). Additionally, they have a right to take a further 6 months of maternity leave, receiving a basic benefit
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