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Greek debt: A case of learned helplessness?
![Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]](resources/toolip/img-thumb/2014/09/29/parliamentfence_1000_myrto2909-medium.jpg "Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]")
Agorato pay back 88.3 billion euros of long-term debt via troika financing and a gradual return to markets... debt than when this miserable experience started. The Bank of Greece estimates that the true reduction... billion euros of the estimated capital needs resulting from the deterioration of the loan portfolio
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Court ruling on pension cuts could create new problem in talks, fiscal plans
EconomyProgrammereductions as well as to pay only half of the retroactive amounts for the 2-year period, citing... for pensions below the 700-euro limit. The government estimates that the cost of the partial reintroduction... to public coffers is estimated at 1.5 to 4.5 billion euros, depending on whether the restoration
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Newsletter 58 - 15/01/2016
in expenditure on retirement pay of at least 3 percent of GDP. For the reasons mentioned above, the government...–20,000 euros. On the fiscal front, there are estimates that the fiscal gap could reach 0.5–1 percent... was estimated at 61.4 years, Mitsotakis’s win is seen as a shot in the arm for Greek liberals
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EU and IMF bailout drafts confirm conditionality as well as differences on primary surplus
EconomyProgrammeand pensioners will pay tax. 3) A series of parametric measures generating savings of 1.2 percent of GDP... estimates that the net savings of 2.5 percent of GDP will achieve a much lower primary surplus target... unconstitutional the pension cuts implemented in 2012 (estimated cost of 2 percent of GDP) 2) Personal income
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Revenues beat target for third successive month in November
EconomyMacroeconomy, with revenue collection estimated at 1.09 billion. In addition, taxpayers will have to pay the fourth... revenues by 567 million to 51.14 billion in line with the estimates incorporated in the 2017 budget
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The gruelling final straight of Greece's bailout
Agorawarning system. This assesses if a country is in a position to pay back its loans,” said the ESM chief... that the 2017 primary surplus was 3.4 to 3.5 percent of GDP, compared to the most recent estimates of 2.44... Greece should seek a precautionary credit line rather than a cash buffer, estimated at somewhere
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Newsletter 202 -12/04/2019
that it will be given the green light to settle the loans due this year and next. “When you pay off the loans... percent by 2024. Unemployment estimates are also unchanged at 18.5 percent in 2019 and 17.5 percent... of GDP in 2023 and 2024. The cyclically-adjusted primary balance this year is estimated at 5.4 percent
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IMF warns of uphill battle for economy as Athens seeks to close 2020 fiscal gap
EconomyProgrammebase of paying taxes. Greece is nearly last in the EU in terms of the share of workers that pay... growth below 1 percent, the Fund estimates that will take 15 years for per capita income to return... institutions have also asked the government for a detailed timeframe for the repayment of an estimated 2
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BoG urges banks to improve quality of capital, re-doubles SPV efforts
EconomyBanking, Greek banks when profitable offset the DTCs against the tax they would to pay on their profitability... to play the role that is required in boosting the country’s growth prospects. BoG estimates... report earlier in the year, the BoG had estimated that the combined solution of APS and DTC based SPV
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Government readies up to 2 bln in assistance for shuttered firms and employees
Economywill only have to pay 60 percent of their rent for March and April, with the government subsidising... said that the government estimates that up to 700,000 workers will be affected now. The interventions... for the whole of March and will be extended if necessary. It is estimated that around 220,000 firms fall
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