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IMF argues case for further reform of pension system
EconomyProgramme. Meanwhile, although social security contribution rates of 26 percent in Greece stand above the euro area... the highest in the euro area. Despite cuts in pensions in previous years, the average pension... in the euro area, at around 81 percent at the end of 2013, almost 30 percentage points above the eurozone
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Mitsotakis bids for nation's soul, Tsipras ramps up handouts
PoliticsGreek Politicswent on to blame the recent deadly flooding in the area of decades of neglect, suggesting... minister pledged to invest in the area over the coming years and to create a new university there. The government also announced over the weekend that workers in the area who have not been able to return
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Mati fire investigation puts spotlight on authorities and government
PoliticsGreek Politics, the government has sought to highlight the role of illegal construction in the fire-stricken area northeast... from the danger area and containing the fire. In a radio interview on Thursday, New Democracy’s... winds and the way the area had been built, but admitted that authorities had clearly not coordinated
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PM inspects flood damage hoping to rescue stricken government
PoliticsGreek Politicsare needed, to help the area recover from this week’s flooding and to carry out the necessary work... that anti-flooding work promised following the impact of Cyclone Ianos in the area in 2020 has... been without running water for days after the storm battered the area earlier this week. She said
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Newsletter 77 - 10/06/2016
to modest deflation for yet another year. Industrial production rebounded 2.8 percent in April, after... been delayed because Greece had to fulfil yet more prior actions. This was immediately seized upon by opposition politicians, who held it up as yet another sign of the Greek coalition’s incompetence
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IMF expects modest recovery, lingering debt but primary surplus to return swiftly
EconomyMacroeconomyto 3.6 pct in the last quarter of next year. This year’s estimate is marginally lower than the one... estimate for a 8.2 pct GDP contraction last year. Greece is seen coming off deflation this year..., after -7.4 pct last year and a recovery from next year up to 2026 at -3.5 pct. This year’s estimate
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IMF sees 2020 GDP contraction at 10 pct, budget deficit at 9 pct due to virus impact
EconomyMacroeconomyprevious estimates of a more modest recession in the area of 4 pct. Alternate Finance Minister... will have to deal with this crisis in a hugely challenging global environment. The euro area...The IMF released on Tuesday its latest economic estimates in the context of the World Economic
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Newsletter 488 - 12/12/2025
engagement was the only path forward. Yet the images of shuttered airports and blockaded roads conveyed... to frame the mobilisation as disjointed and bent on disruption. Yet polling data released on Wednesday... as Greece’s achievements draw attention from foreign media, officials, and the markets. Yet inside
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Contraction of 0.1 pct in Q4 sees 2018 GDP fall slightly below target at 1.9 pct
EconomyMacroeconomyreleased a first estimate of the overall GDP figure for 2018, showing that it grew by 1.9 percent...’s (MoF) final budget estimate of 2.1 percent for 2018. A breakdown of annual components showed... by 7.5 percent, meaning that the initial figures for 2018 have beaten this estimate. Imports of goods
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Newsletter 292 - 09/04/2021
of next year. This year’s estimate is marginally lower than the one forecast in the previous WEO... anticipated GDP to shrink by 9.5 pct in 2020, before ELSTAT’s first estimate for a 8.2 pct GDP... and a recovery from next year up to 2026 at -3.5 pct. This year’s estimate is a deterioration from October’s
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