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EC sees relief measures securing debt sustainability despite poorer growth, market access prospects
EconomyProgrammepercentage points per year to level off at 2.2 percent by 2025. Market access assumptions were also revised... that Greece will use some of its cash reserves that were built up per the Eurogroup agreement to service its... percent, signalling a convergence with the IMF estimates, which outlined in detail last summer
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IMF warns of uphill battle for economy as Athens seeks to close 2020 fiscal gap
EconomyProgrammegrowth below 1 percent, the Fund estimates that will take 15 years for per capita income to return... the new government’s priority on growth an “uphill battle”. More specifically, the country’s per... institutions have also asked the government for a detailed timeframe for the repayment of an estimated 2
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Newsletter 255 -26/06/2020
to 380 million euros per month. The May deficit has dropped to 197 million, leading to an overall... expenditure per trip fell by 62.2 percent to 193.80 euros. The breakdown of the inbound traveller flows showed.... The hotel workers’ association on Rhodes, for instance, estimates that up to 40,000 workers
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Polling steadies at top but churns beneath surface as opposition support splinters
PoliticsGreek Politicsin its election result estimate. This gives the governing party a 17.1‑point lead over PASOK in raw... reaches 29.4 pct in its vote estimate — up 0.9 points from January — and stands at 21.4 pct in voting.... Marc records the socialist party at 10.7 pct in voting intention and 13 pct in its estimate, while
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Surprise 0.1 pct QoQ rise in Q4 GDP on investment rebound, 2015 recession at 0.3 pct
EconomyMacroeconomy) of 2015 as it edged up by 0.1 percent quarter on quarter (QoQ) compared to a flash estimate of 0.6... estimate and involve December data for the balance of payments and quarterly data for the labour force... but in line with Bank of Greece (BoG) estimate. However, it is lower than the initial forecasts upon
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EC forecast acknowledges pressure on Greek households, revises down growth
EconomyMacroeconomy. The estimate for next year was also downward revised to 2.3 percent, also from 2.5 percent... consumption is now seen growing by 0.5 percent this year and 0.9 percent in 2019. The estimate for 2018... the previous estimate of 11.5 for 2018 and unchanged for 2019. Exports are seen performing strongly, assisted
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EC ups growth to 2.2 pct in 2019, sees growth in 2020 at 2.4 pct
EconomyMacroeconomyrevised upward, from 2.3 percent in November to 2.4 percent now. The estimate for 2021 remains unchanged... the market share in export markets. Although the uptick in the growth estimate for this year was implied... that it will converge with Bank of Greece’s, this year’s estimate by Brussels remains below the Greek
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Greek pensions: The thorniest issue in talks between Athens and lenders
EconomyProgrammean amount above 500 euros per month, of which just 352 relates to supplementary pension above... of the year the 13th monthly pension for all those earning less than 700 euros per month. This would... was estimated at 326 million euros for 2015. In late 2014, reports indicated that the zero deficit
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The first cut is the deepest? Greek pension reforms in context
EconomyFeaturesreport on pension adequacy measured pension expenditure as a share of per capita GDP. By this measure... of per capita GDP, compared to the EU average of around 65 percent. However, by absolute measures.... It is estimated that this adjustment will result in an average pension reduction of 14 percent for around
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Study calls for sweeping reform of Greek healthcare system
Societyrequires two to three nurses per doctor, and currently only has 1.3 nurses per doctor. This has led... at, though the study estimated that it could be as high as 20 percent of the household budget, a level... 5.2 days, the lowest in the EU. Up to a third of emergency room cases are estimated
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