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Wide range of exacting issues lie ahead for Greece in first bailout review
EconomyProgrammecuts imposed in 2012 that would create a fiscal gap up to 2 percent of GDP (3.7 billion euros) and the huge stock of pending pensions, which have an estimated cost in excess of 2 billion. Non... range of reforms for the domestic market to become more modern and competitive including reduction
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Newsletter 80 - 01/07/2016
. Meanwhile, credit contraction remains unabated, with the drop rate accelerating slightly to 2 percent... in April. Bank credit contracts Bank credit contracted by 2 percent in May, up from 1.9 percent a month... year. Contraction reflects negative flow of 275 million from the household lending sector. 2 Fool
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For better or worse: Greece's bailout exit deja vu
Agorathat New Democracy and PASOK refuse to accept the end of the most tumultuous and costly period in modern... and estimates, Greece was expected to save an additional 1.7 to 2 billion euros annually over the period... on current policies Greece would need 2 percent of GDP in measures to sustain the 3.5 percent primary
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Where is Odysseus? Part 4 - Unemployment and Employment
AgoraAs in the previous three monthly blogs, we continue to trace the progress of modern-day Odysseus..., and the natural rate will be somewhat lower.[2] Similarly, the ability to tailor the work week or working... for employment will be between the low and high scenarios, as indicated in Figure 2. The calculations
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Where is Odysseus? Part 5 - Productivity
AgoraAs in our previous four monthly blogs, we continue to trace the progress of modern-day Odysseus....[2] The dotted line in Figure 1 shows the employment path that was anticipated in Odysseus’ 2018... of real GDP, which is presented in Figure 2. Again, we show the current path as the solid line
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Newsletter 40 - 28/08/2015
. The upcoming elections will be one of the most difficult to read in modern Greek history due to the high... for the stress tests (under the baseline scenario) while the final templates are due by 2 September... in final consumption and a fall in imports. 2 Tsipras goes TINA Promises have less currency in the third
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IMF examines how Greece accumulated large pile of unpaid taxes and contributions
EconomyProgrammetax debtors owe less than 3,000 euros each, while their tax debt makes up just 2 percent... as more than 80 percent is older than three years with a collection rate of almost 2 percent. More... administration practices with modern approaches used in advanced economies.
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Greeks underwhelmed by deal with lenders, stressing uphill task for Tsipras
PoliticsGreek PoliticsIndependent Greeks is polling below the threshold, on 2 percent. The ProRata survey also underlined... that it should be 1.5 percent, rather than the 2 percent decided at the Eurogroup. “Over the long term..., and the creation of a modern social safety net system.” Rice also insisted that the IMF’s decision
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A sudden turnaround that could lead to sharp shock
Agoraby a developed economy in modern times: 9.1 pct in 2011. A further 7.3 pct was lost in 2012. The cycle... businesses, or 90 pct of the active total, being under some sort of support, encompassing a total of 2.... The Finance Ministry plans to commit up to 2 pct of GDP in the form of direct support, which
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Newsletter 373 - 10/03/2023
to renege on 400 million euros of investments in modern rolling stock. Earlier in the week.... If the elections are held on May 14 or 21 and a second vote is needed, this could be held on July 2... push this year’s growth to 2 pct, from 1.6 pct in the budget baseline. This could settle any fiscal
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