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EU elections in Greece: Applying a different scale of values
Agora, with SYRIZA’s defeat marking the end of its stint in power (to be confirmed in the July 7 national elections... or obsessions. His challenge, should the centre-right party win the national elections on July 7... from 29 to 20 percent, bringing down dividend tax from 15 to 5 percent, decreasing property tax by 30
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Does the EU Commission suffer from optimism bias? (Part 1)
Agora(the Book). In part 1 of this blog we will highlight differences in the macroeconomic scenarios... on the Maastricht deficit and debt Criteria. * * * Figure 1 below compares the baseline scenario... that was derived in preceding chapters of the Book.[1] The baseline scenario of the Book is well
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PM claims victory as marriage equality law passes despite dissent in govt, opposition ranks
PoliticsGreek Politics“present.” Fifty-one of the 158 MPs from the ruling party did not support the bill – 20 voted against..., passionately committed to European values,” PM Mitsotakis posted on X after the vote. During the debate he... of negative votes. Nevertheless, 20 ND deputies still voted against the bill. Such a high level
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Lenders set out 49 milestones for Greece to meet before next bailout tranche
EconomyProgrammeto the banking sector to “safeguard financial stability” include: 1) Finalisation of a comprehensive.... The current set of prior actions involves: 1) Integration into the Unified Auxiliary Insurance Fund (ETEA) by September 1 of all supplementary pension funds, which will be only financed by own
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Stock taking: Where is the Greek economy now?
Agoraan aspirational objective of around 1½ percent a year (see our blogs 5, 6, and 7 for more details... events in our daily lives.[1] This also holds true for thinking about the macroeconomy of Greece. We can... unemployment rate is around 20 percent, not in the 16 percent range. Thus, we may expect
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No time for Tsipras to celebrate as long list of tasks means pressure is on from start
EconomyProgrammepercent to 20 percent in 2016 and further to 26 percent in 2017 as well as tightening the definition of farmers. Other key deliverables for October include: 1) Reform of the income tax code (ITC) also.... 7) Better target eligibility to halve heating oil subsidies in 2016 budget. 8) Permanently reduce
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Government treads carefully on Trump, looks for positives in EU defence spending tweak
PoliticsGreek Politicsdid not comment on the X post by Health Minister Adonis Georgiadis in which he described Vance’s... across the board tariff on EU goods will make Greek products 7 pct more expensive in the US, which
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Gov't lowers tax-free threshold, prepares for third pillar of measures worth 1 pct of GDP
EconomyProgrammereforms but also on other measures, each yielding 1 percent of GDP to a total of 3 percent of GDP (5.4... percent, expected to be effective from July 1 and with estimated revenues of around 450 million euros... with lenders and would yield 0.35 percent of GDP involve: As of June 1 Increase in the excise tax on gasoline
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Parties' competing tax pledges come up against challenging reality
EconomyFeaturesof national elections which are now scheduled for July 7. Lowering the tax-free threshold in 2020 has... an increase of 7 percent in the number of declarations over 2012. However, total taxable income fell... 3,000 euros and yields additional tax revenues of 1 percent of GDP. According to the legislation
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A breakdown of Greece’s revised financing needs as part of its new ESM programme
EconomyProgrammein the August 2015 – 2018 period. This amount incorporates: 1) Amortisation on the Eurosystem ANFA... sector (8 billion). 4) Payment of EFSM bridge loan (7 billion). 5) Unwinding of repo operations (3.5... on Jun 30 as well as amortisation of 3.5 billion on the ECB due on July 20. Those needs were financed
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