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Newsletter 77 - 10/06/2016
are scheduled to officially sign off on the disbursement on June 16. Earlier this week one of the key... take is on the debt situation, you can take Grexit off the table”. The Hellenic Statistical Authority... on the issue, the government could find itself embroiled in an institutional stand-off in the future
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Fool Britannia
Agoravitality into the Leave campaign, went off toplay cricket; and his other Leave colleagues admitted... lies and stoking hate. “You were only meant to blow the bloody doors off,” Michael Gove’s wife, Sarah... of financial institutions relocating and numerous businesses holding off on investments, gives
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The IMF and Greece's bitter pill
Agora, the authors appear to have few reservations to sign off on those unrealistic targets even if this means Greece has to stack more measures that the IMF believes will kill off demand and growth in the short... is prepared to sign off and let Greece swallow another bitter pill that the Fund doesn’t believe will cure
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Newsletter 101 - 23/12/2016
– even though eurozone finance ministers signed off on the measures at the December 5 Eurogroup... their concerns about the Greek government’s handouts and seeking pledges that these were one-off... out this one-off item, the comparable primary cash surplus widened by 2.48 billion to 6.96 billion
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Significant revenue outperformance drives budget primary surplus to 4.4 bln in 2016
EconomyMacroeconomyincludes the payment of 630 million for one-off support to low-income pensioners. In addition, 2016... overperformance by 2.41 billion, including the one-off payment of 630 million (0.36 percent of GDP... to the 2017 budget, gg primary surplus (excluding the one-off payment of 0.36 percent of GDP) was expected
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Pensions main source of finance for half of households as income falls again
Societyof households reporting that they were worse off quantitatively and qualitatively than before...) and education. Over half of households said they put off going to a doctor and receiving medical treatment... a household appliance, while 35 percent put off getting their car serviced. While almost one in ten
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The place where sanity goes to die
Agorafor which Greece would have to maintain a primary surplus of 3.5 percent of GDP. Brushing off the Greek... the other way and sign off on what was presented as progress in the Greek programme. Now the IMF has... deliberately put off for a long time. In mid-October, when this review began, Athens came to the table
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Don't celebrate a French reconnection for EU just yet
Agoratook the unusual step of congratulating Macron despite there being a run-off against Le Pen yet to come... of Europe’s tendency to laud the eye-catching victories but brush off the smaller defeats even though... by centre-right New Democracy beat off the anti-austerity insurgency from SYRIZA. It ignored
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Greece as an energy hub: Reality or wishful thinking?
EconomyFeaturesin the exploration of two sites off the shores of Crete has already been received from a consortium of Exxon Mobil... the operator of the Ioannina block. If these deals are pulled off, they would represent a major investment... the Tanin and Karish gas fields off the coast of Israel. Production is expected to begin in 2020
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European Commission's DSA reveals serious concerns over debt sustainability, need for relief
EconomyProgrammewith the latest EC economic forecasts (2.1 percent in 2017 and 2.5 percent in 2018) levelling off... points (pp) after 2022 and leveling off at 2.2 percent as of 2025. In its most recent DSA, the IMF... growth of 3 percent between 2019 and 2060. Moreover, the primary surplus is seen leveling off at 2
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