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Primary cash balance posts deficit of 316 mln in first 5 months
EconomyMacroeconomyGreece’s central government primary cash balance turned to a deficit of 316 million euros in the first five months of 2017 from a surplus of 2.66 billion last year, Bank of Greece (BoG) data revealed on Friday. This year’s figure includes arrears’ repay...
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Car sales drop by 49.1 pct in May and 34.9 pct in first 5 months
EconomyMacroeconomyRoad motor vehicles going into circulation for the first time fell by 49.1 percent in May, softening compared to a sharper drop of 80.6 percent in April, Hellenic Statistical Authority (ELSTAT) data showed on Wednesday. In May 2019, the year-on-year cha...
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Episode 5 - Greece & Turkey on the borderline
AgoraOn the latest episode of The Agora podcast, we examine Greek-Turkish relations, which are going through another rough patch. Athens and Ankara being at odds is not something new, but a rising number of issues have been causing friction between the two c...
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Central govt cash balance records surplus of 714 mln in April, improves by 5 bln YoY in first four months
EconomyMacroeconomyGreece’s central government recorded a primary cash surplus of 714 million euros in April, from a deficit of 2.23 billion euros in the same month of 2021, according to figures released by the Bank of Greece on Wednesday. The overall cash balance was a s...
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Significant underspend and strong tax revenues push primary surplus to April above 5 bln
EconomyMacroeconomyThe budget primary balance ran a surplus of 5.17 billion euros by April, according to the preliminary budget execution data released by the Finance Ministry (MoF) on Thursday. The primary balance came in at 3.19 billion euros above the target. Expenditu...
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Eurogroup clears next bailout tranches for Greece, sets new goals
EconomyProgrammeamounting to 1 billion each are linked to the implementation of milestones agreed between the Greek... of 2.9 billion in 2013, Greece will allocate 1 billion to reduce the country’s debt, 1 billion... involves one-off handouts to 1 million Greeks with low incomes and a temporary boost for members
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Multi-bill tabled as Greece aims to take last step to completion of review
EconomyProgrammeof the public sector attrition rule from 1 hiring for 5 departures in 2016 to 1:4 in 2017 and to 1:3...’s key provisions relate to the parametric fiscal measures yielding 1 percent of GDP... as of June 1 with estimated annual revenues of 437 million and a rise in the excise tax on cigarettes
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Public sector staff trends survive MoU exit, change of government
Societythe ratio had been as low as 1:5 (one hire for every five departures), transitioning to 1:3 in the final... stable At the end of the adjustment programme, Greece committed to a replenishment ratio of 1:1... the creation of new permanent posts outside the 1:1 ratio on the basis that they would result
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Where is Odysseus? Part 3 - Participation
Agorais described in a book on the macroeconomy of Greece.[1] But, shortly underway, the Covid-19 pandemic... population (the “active” population vs the “inactive” population). Figure 1 below sets the stage... for the EU27 as a whole (the dotted line in figure 1). Here we see that the average EU27 PR
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Where are the Conservatives?
Agora(only members with “cabinet authority”). A sample is presented in Table 1. This is not a scientific... (countries are organized differently), but the broad outlines are nevertheless instructive. 1... (Mitsotakis 1 and 2). 2. The average number of “cabinet” members, sometimes including state secretaries
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