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Eurogroup marks end of cycle and squaring of circle for Greece
Agoraprofile to the ESM smoother, reduced interest rate risks for Greece by the ESM locking low interest rates and partly abolished some interest rate charges from 2012. The medium-term debt relief... 2017 include: - Abolish the step-up interest rate margin related to the debt buy-back tranche
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Newsletter 74 - 20/05/2016
the indirect tax measures will stem from a rise in the basic VAT rate from 23 to 24 percent... the plenary discussion will take place over the The new law will see the basic VAT rate rise to 24 percent... to the top rate of VAT and the excise tax on fuel. The legislation concerning a fiscal mechanism
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Newsletter 205 -10/05/2019
rate of VAT at 24 percent to the lower one, at 13 percent. Similarly, the VAT rate applied in the food.... For pensioners earning more than 1,000 euros, the rate will be 30 percent. Achtsioglou said... by 1.1 percent last year. The rate is seen as rising by 1.3 percent in 2019 and by 1.2 percent
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Where is Odysseus? Part 4 - Unemployment and Employment
Agora. We can first consider how the economy may transition from today’s high (cyclical) unemployment rate to a more “natural (structural) unemployment rate” in the steady state. Once we have a path... economy, when left to its own devices, will normally cycle around an unemployment rate that is fairly
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Newsletter 24 - 24/04/2015
interest rate by comparing it to that currently offered by commercial banks. The legislative decree... of the rate of withdrawals by depositors. Finance Minister Yanis Varoufakis attempted to put a brave face... in January. February’s rate was the ninth negative reading since the beginning of 2014. The decline
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Coalition not ditching referendum idea from policy options but details muddled
PoliticsGreek PoliticsAs much as it tries, the Greek government cannot escape the issue of if it will consider holding... holding a referendum on whatever is agreed by June “would not be a bad idea” as it would ensure... creditors would be willing to accept. In 2011, when George Papandreou suggested holding a vote
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Domestic pressure over refugee crisis building for Tsipras
PoliticsForeign Policymay become a holding pen for refugees and migrants. However, the increasing isolation of Greece over... is holding with Western Balkan countries in Vienna on Wednesday was a serious blow and has raised..., for holding up the deployment of the NATO reaction force. It may be just a question of time before
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PM seeks to douse snap election talk, points to October polls
PoliticsGreek PoliticsAmid growing speculation that Alexis Tsipras is thinking of rejecting the option of holding snap... reports suggesting that Tsipras is leaning towards holding out until October for general elections... but some commentators have suggested that this would also facilitate the holding of national
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Greece lays out plans for debt relief from eurozone
EconomyProgrammerate on the first programme’s bilateral loans (the so-called Greek Loan Facility – GLF) of 52.9... also takes into account a potential significant rise in the Euribor rate (currently at 0.34 percent) in the next years. That said, a conversion of GLF interest rate from its current level of Euribor plus
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Q2 GDP contraction at 0.3 pct, strong Q3 needed to achieve target of annual growth
EconomyMacroeconomyhas experienced negative growth since the third quarter of 2008 but the rate of decline... stable YoY in Q2 after a marginal drop of 0.1 percent in Q1. The Q2 rate of zero percent is the first... in exports of services, at a double-digit rate for the second straight quarter, is mainly attributed
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