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November sees highest MoM drop in employment as headline figure remains at 25.8 pct
Economy. The breakdown by region showed that Attica has the highest jobless rate at 26.8 percent followed...-adjusted (NSA) jobless rate rose by 0.6 percentage points (pp) month on month (MoM) to 25.9 percent in November from 25.3 percent in October. The stable movement in November’s SA unemployment rate
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No let up ahead in terms of fiscal demands for new Greek government
EconomyProgrammeto generate annual revenues of 1 percent of GDP. The basic VAT rate was set at 23 percent, a super-reduced rate was set at 6 percent for pharmaceuticals, books and theatre and a reduced rate of 13... that were voted on in the summer included an increase in the corporate tax rate from 26 to 29
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Newsletter 154 -9/03/2018
The Greek government has roughly two months in which to make significant progress on the completion of 88.... The Greek government has denied that Athens and the institutions are considering extending the third... Ministry has firmly refuted speculation of a deadline extension which arose over the pace of progress
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Newsletter 106 - 10/02/2017
Finance Minister Wolfgang Schaeuble has returned to his pet subject of Grexit, arguing that Greece would need to leave the eurozone if it wants a debt haircut, which is a form of relief that has not been requested by Athens, the IMF or anyone else. Amid this confusion, Athens has tried to give away
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Does the EU Commission suffer from optimism bias? (Part 1)
Agoraare not significantly different in the Figure above. The new Book has a slightly more extended... of real GDP found in the EC baseline presented in Figure 1. The average annual growth rate in labor... in the baseline of the EC and the Book, the growth rate in the “high” scenario of the Book, and average
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IMF comments, blog leave no doubt credible debt relief has to be agreed soon
EconomyProgrammeAlmost two weeks after the publication of its Article IV consultation report on Greece, including its updated debt sustainability analysis, the IMF published on Thursday evening a blog with the Fund’s perspective on dealing with sovereign debt. The arti...
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Newsletter 48 - 23/10/2015
investment of 25 billion has plummeted to just 3.2 billion, following a sharp drop in bank share prices... banks will proceed to similar bond exchange offers in an effort to reduce the amount that has... banks, Eurobank has a major private shareholder, Fairfax, which controls 20.03 percent of its share
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Newsletter 72 - 06/05/2016
wants to show that it has completed the legislative process without any major interventions from... Commission has indicated that it is happy to consider the automatic mechanism. This has encouraged Athens, as has the apparent support for its position from the European Parliament (from the social
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Greek unemployment falls for seventh straight month, down to 25.7 pct
EconomyMacroeconomyThe seasonally adjusted (SA) unemployment rate declined for the seventh straight month in September... month to 25.4 percent in September from 25.3 percent in August. The decline in the SA jobless rate... in the preceding three months. The year on year (YoY) performance showed a further acceleration in the rate
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Greek unemployment drops slightly to 25.8 pct in October on lower jobless
EconomyMacroeconomyThe seasonally adjusted (SA) unemployment rate eased for the second successive month to 25.8..., the non-seasonally-adjusted (NSA) jobless rate slightly slipped to 25.3 percent in October from 25.4 percent in September. The recorded drop in the October rate is mainly attributed to a 1.1 percent
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