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Newsletter 71 - 22/04/2016
for 2015 is above the recent government estimate of 0.2 percent and much better than the programme... the institutions that there is no urgent need for the legislation of contingency measures worth more than 3... and transparent politician than his predecessors and peers, so showing that there is some substance to his
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Newsletter 74 - 20/05/2016
underspend. In specific, primary expenditure came in 1.82 billion lower than target, while revenues... underperformed by more than 600 million in the four-month period. An HFSF study presented on Tuesday showed... for automatic spending cuts if Greece’s primary surplus veers off track proved less controversial than
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Newsletter 75 - 27/05/2016
of no more than 1.5 percent of GDP, compared to the 3.5 percent envisaged in the third eurozone bailout... a high of 220.43 billion at the end of December and currently make up more than 68 percent of central... pretty simple: look no further than German Finance Minister Wolfgang Schaeuble. Even when it appeared
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Potential changes to constitution and electoral law move onto main agenda
PoliticsGreek Politicsabout the government’s ideas on the constitutional review rather than the adjustment programme, which... has discussed publicly is for the Greek president to be elected by voters rather than Parliament... more than six MPs. He said he is also looking at allowing Greeks to vote from the age of 17, rather
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Five-month budget primary surplus of 2.27 bln, revenues outperform in May
EconomyMacroeconomyby more than 50 percent from last year’s figure of 1.51 billion, the Finance Ministry (MoF) preliminary... billion less than the target, while revenues (before tax refunds) beat the target by 879 million... percent in April, to 3.17 billion euros, 240 million lower than target. For the 4-month period, primary
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Net job hirings hit 33,608 in June, highest since 2001
EconomyMacroeconomysince June 2001 and more than double the previous high of 16,017 in 2003. The employment breakdown..., with the bulk of more than 126,700 related to lay-offs and the remaining of 79,260 to voluntary departures. Less than half (around 44 percent) of June hirings involve full-time employment, compared to more
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Unpopular but effective property tax returns for another year
EconomyMacroeconomyENFIA due would be much higher than that of last year and could top 4 billion in 2016 from less than 3.3... property value, while the ENFIA due was less than 50 euros for an aggregate amount of 21.1 million making... percent. The breakdown also showed that more than half (51.5 percent) of taxpayers were due to pay
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Budget primary surplus of 3.6 bln by July, monthly revenues short of target by 315 mln
EconomyMacroeconomy, largely attributed to lower expenditure (2 billion below target) and higher than expected revenues... million lower than that in the first half. For the full year target of 50.57 billion euros to be met... expenditure increased by 4.1 percent to 22.31 billion in the 7-month period and remains more than 2
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Greece's harsh social reality
Agoramarriages of all durations, the most marked rise was in marriages of more than 10 years, where... from employment. In the same year, more than 1.1 million Greeks were living in low-work intensity homes, where working-age members worked less than 20 percent of their work potential and availability
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Budget primary surplus of 3.8 bln to Aug beats target by wide margin
EconomyMacroeconomylast year, and 98 million higher than target. Overall, net revenues grew 1.9 percent in August and 4.1..., remaining 2 billion lower than target. MoF said that compared to last year, expenditure increased by 292... the 8-month figure stood at 4.79 billion, down 2.3 percent and 69 million lower than target. Summing
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