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Newsletter 231 -06/12/2019
affected by Ankara’s bid to carve out the space to its south. The Greek government appears to have... of 2.3 pct year-on-year as Q2 growth is revised to 2.8 pct The Greek authorities left Wednesday's... that Greek Finance Minister Christos Staikouras would not face any issues in yesterday’s meeting
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Significant revenue outperformance drives budget primary surplus to 4.4 bln in 2016
EconomyMacroeconomyincludes the payment of 630 million for one-off support to low-income pensioners. In addition, 2016... overperformance by 2.41 billion, including the one-off payment of 630 million (0.36 percent of GDP... to the 2017 budget, gg primary surplus (excluding the one-off payment of 0.36 percent of GDP) was expected
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Budget primary surplus at 918 mln in May, expenditures rise as 13th pension payment takes effect
EconomyMacroeconomymillion euros have been incorporated to 2019 figures to cover the one-off payments related to law...-off payments that took place until May of 2019 in connection with ministerial decisions issued... expenditures of 329 million euros (mainly the one-off payments of law 4575/2018) and increased PIB
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OECD sees Greek recession continuing in 2014, slower recovery to follow
EconomyMacroeconomyCooperation and Development (OECD) still expects Greek GDP to contract 0.3 percent in 2014 and rebound 1.9...) and Greek government, which both expect 0.6 percent growth in 2014 and 2.9 percent in 2015. The economic think-tank notes that the Greek economy has started to turn around helped by buoyant tourism
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Tsipras and Erdogan keep conversation going despite lack of specific gains
PoliticsForeign PolicyDuring Alexis Tsipras' state visit, the first in 11 years by a Greek prime minister to Ankara... agreements that mostly focus on the enhancement of trade and economic ties. The Greek premier emphasised.... Turkey viewed the departure of former Defence Minister,Panos Kammenos from the Greek government
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A tax credit for Greece: The significance of an independent public revenue service
Agoratheir book, The Depoliticisation of Greece's Public Revenue Administration, to discuss why Greek tax... for ‘the commons’. The book traces how each Greek administration since the start of the crisis toyed with the idea... managed it. What were the key obstacles or reservations that hindered Greek politicians? In the book we
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ESM report highlights programme weaknesses, outlines improvements for future bailouts
EconomyProgramme, an independent evaluation of the Greek bailout programmes. The review was led by ex-EU Commissioner Joaquin... the second Greek rescue package granted by the EFSF. The report focused on five key areas: Relevance... that the “overall objective of the Greek programmes was to preserve the integrity of the euro area
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Greece's ongoing divestment from banking sector creates new lender, stirs controversy
EconomyBankingThe deal for the merger between Attica Bank and Pancreta raised more questions than the Greek... to reduce its participation. Attica Bank was the last bank in which the Greek state had a majority shareholding via the Hellenic Financial Stability Fund, with a stake that exceeded 72 pct as the Greek
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Greece's public healthcare in a muddled and troubled state
EconomyFeaturessupply contracts, with Greek hospitals paying up to three or four times for medicines compared... excluding social security funds). In December 2015 the Lancet reported that the Greek government owes... in Greek pharmacies compared to the lowest global price of the vaccine which is around 2.80 euros per dose
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The SEKAP case and extrajudicial debt restructuring
LegalThe law (N. 4469/2017) recently adopted by Greek Parliament, which was published on May 3..., the Greek tobacco company of the Xanthi region which was privatised in 2013 and is now owned... originated from the company’s factory. This case cost the Greek state millions in taxes and duties. Given
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