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Greece sees highest tax wedge increase among OECD countries in 2016
Economyworker. The evolution of the tax wedge for a single worker in Greece since 2000 shows it has edged up by 1.1 pp until 2016, while the respective OECD average has dropped by 1 pp over this period. It is noted though that the Greek figure peaked at 43.2 percent in 2011. It has declined by 3 pp since
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IMF Spring Meetings seen as next waypoint in completion of review
PoliticsGreek Politicsa staff-level agreement (SLA). This would lead to the prior actions that the Greek government has... to be agreed is the regular gathering on May 22. However, the Greek government has suggested.... There has been no visible decent from the right-wing grouping so far. Kammenos also said
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Tsipras rallies ministers and MPs before multi-bill arrives
PoliticsGreek PoliticsThe multi-bill containing the measures the government has agreed with the lenders is due... “undoubtedly positive.” This will be music to Tsipras’s ears as the government has been trying... that any MPs from the ruling party will now turn against the agreement. Tsipras has also decided to use
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Ankara directs ire at Athens over ruling on soldiers as Cyprus talks drift
PoliticsForeign Policyrequest for the men, which it has branded traitors, in January after Greece's top court ruled... activity in the Cypriot EEZ has coincided with reports in the Turkish Cypriot press according to which... further pressure on the Cyprus Republic ahead of hydrocarbon exploration in July. UN role There has been
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China's bumpy road to Greece
EconomyFeatureshas found itself a potential ally in China. China wants to strengthen its foothold in Europe... and a year of cultural exchange has also been launched. Chinese investment One of the private.... The world’s largest coal producer, Shenhua Group has signed a renewable energy deal with Greek
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IMF hints at flexibility as debt relief talks continue
PoliticsGreek PoliticsThe terrorist attack on former Prime Minister Lucas Papademos in Athens on Thursday has drawn... it has a clear advantage over SYRIZA. The incident overshadowed the ongoing efforts to overcome... primary surplus targets of less than 3.5 percent of GDP after 2022. There has been no clear indication
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Economic sentiment down 1.7 pts in May, consumer confidence up for second straight month
EconomyMacroeconomyand stood at -69.7, its highest reading since January. However, consumer confidence has dropped by 5.3... is the lowest reading since May 2016. Since the beginning of the year, this indicator has declined by 4.7.... Over the last 12 months, the biggest improvement of 22.9 points has been recorded by the services
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Greek and Turkish PMs tone things down, look to new Cyprus talks
PoliticsForeign Policyof communication open to prevent the escalation of tension. Yildirim has said that violations are being carried... soldiers who fled to Greece but whose extradition to Turkey has been blocked (much to Ankara’s frustration... and that no decision has been taken yet on their political asylum applications. Yildirim phrased his
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Conference on Cyprus: foot-dragging towards a dead end
AgoraAnyone even remotely interested in the Cyprus issue has, by now, become an expert on the geography... has explained. Given that more than 75 percent of the privately owned land in northern Cyprus.... This is true. One has also to take into account, however, that the two communities have failed
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Voters unconvinced by post-Eurogroup narrative, wait for growth
PoliticsGreek Politicsthat the coalition has ahead of it and suggesting that it will take much more for the prevailing... 12 months even though growth has been predicted for this year and the next, and all the talk after the Eurogroup from the government has been about boosting growth, unlocking investment projects
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