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  1. Where is Odysseus? Part 5 - Productivity
    Photo via https://flic.kr/p/2cusZTV

    Agora

    As in our previous four monthly blogs, we continue to trace the progress of modern-day Odysseus... on the macroeconomy of Greece.[1] In blog 16, we updated Greece’s demographic projections and found... is more easily transmitted in graphs than in lengthy complex tables. Employment. Consider Figure 1, below

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  2. Where is Odysseus? Part 6 - Potential real GDP
    Photo by MacroPolis

    Agora

    As in our previous five monthly blogs, we continue to trace the progress of modern-day Odysseus... on the macroeconomy of Greece.[1] In blog 16, we updated Greece’s demographic projections and found.... These calculations are reflected in Figure 1 below. The vertical line marks the current year 2022

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  3. The allocation of labor resources in Greece and the EU-27

    Agora

    destruction.”[1] The public sector never goes out of business, no matter how inefficient it is. If it runs... then plotted an index (2001-Q1=100) for employment in the public and private sectors. Figure 1... employment has grown or declined in the public and private sectors since early 2001. From figure 1

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  4. The key elements of the draft agreement between Greece and lenders
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyProgramme

    sustainability, safeguarding financial stability, growth, competitiveness and investment and a modern state... to be voted in the Parliament. Those measures, which are not quantified in the document, include: 1... the use of the attrition rule starting from 1:5 in 2016 to 1:4 in 2017 and 1:3 in 2018.

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  5. Are hirings in the public sector out of control?
    Photo by MacroPolis

    EconomyFeatures

    and local government and the public bodies supervised by them is subject to a strict 1:4 (previously 1:5..., while the number of permissible hires for 2017 under the 1:4 rule was 2,453, the government claimed... not violate the 1:4 attrition rule, thanks to legislation brought in in 2016 which loosened hiring caps

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  6. Where is Odysseus? Part 4 - Unemployment and Employment
    Photo by Panayotis Tzamaros/Fosphotos

    Agora

    As in the previous three monthly blogs, we continue to trace the progress of modern-day Odysseus... on the macroeconomy of Greece.[1] In blog 16, we updated the demographic projections for Greece and found... previous averages. How does this look in Greece? Figure 1 above gives a view. The average

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  7. Wide range of exacting issues lie ahead for Greece in first bailout review
    Photo by MacroPolis

    EconomyProgramme

    bailout programme calling for pension cost savings of 1 percent of GDP (1.8 billion euros) in 2016... to legislate credible measures yielding 1 percent of GDP in total for 2017-18 to support the 2018 fiscal target... range of reforms for the domestic market to become more modern and competitive including reduction

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  8. IMF examines how Greece accumulated large pile of unpaid taxes and contributions
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyProgramme

    of the total figure. In contrast, 1 percent of debtors owe more than 1 million euros each, accounting for 80... remains very low at around 1 percent, while the lion’s share of SSC could be considered uncollectible... administration practices with modern approaches used in advanced economies.

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  9. NBG reports net profits of 131 mln in Q1, accelerating profitability
    Image via www.nbg.gr

    EconomyBanking

    (-29 million euros) and consumer loans (-1 million). This led the group NPL ratio to stand at 28.2... the ECB, with the Bank enjoying a large liquidity buffer. Capital The Common Equity Tier 1 (CET1... deconsolidation. The pro forma CET 1 comes to around 12.8 percent. Management noted that the planned sale

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  10. Jobs, hundreds of thousands of jobs
    Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]

    Agora

    the troika’s cosh for exactly four years. The most devastating cost has been the loss of 1 million jobs... by more than 20 percent. Greece’s labour market has been devastated, like no other in any modern crisis... years will be reduced by over 1 pp for every pp of growth. The problem here though

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