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The allocation of labor resources in Greece and the EU-27
Agoradestruction.”[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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Where is Odysseus? Part 3 - Participation
Agorais described in a book on the macroeconomy of Greece.[1] But, shortly underway, the Covid-19 pandemic... population (the “active” population vs the “inactive” population). Figure 1 below sets the stage... for the EU27 as a whole (the dotted line in figure 1). Here we see that the average EU27 PR
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Budget sees Greece outdoing peers with 1.8 pct growth, 0.7 pct primary surplus in 2023
EconomyMacroeconomyseen in the draft budget last month, and ahead of the recent forecast by the European Commission of 1... by 1.5 pct, after rising by 0.2 pct in 2022. Exports growth is also at a moderate 1 pct, after a 9.7... billion euros, in 2022. Interest payments increase by 1 billion euros, to 6.13 billion euros, or 2.7 pct
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Tracking Greece's fiscal performance
Agoratime. Figure 1 shows the overall fiscal balance over 10 years through 2022-Q2 as reported by two key... are calculated on what is called a “modified cash basis,” the dashed line in Figure 1. This means... at the time when these have an economic impact (solid line in Figure 1), even if the budget cash impact
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Where are the Conservatives?
Agora(only members with “cabinet authority”). A sample is presented in Table 1. This is not a scientific... (countries are organized differently), but the broad outlines are nevertheless instructive. 1... (Mitsotakis 1 and 2). 2. The average number of “cabinet” members, sometimes including state secretaries
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Is Greece on track to decouple from fossil gas?
Agoragas imports were literally null (Figure 1). Figure 1: Russian gas imports from the Turksteam pipeline... decreased by 4.02 TWh, followed by industry (-3.37 TWh) and distribution networks (-1. 3 TWh). However... by the consumption cuts in distribution networks (approximately 1 TWh, or -8.1%), and more significantly
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Debt relief or debt restructuring for Greece?
Agora) is without precedent in the history of a sovereign debt restructuring exercise.[1] Put otherwise, while... debt dynamics (see graph 1 below) it is a matter of time until this secondary migration process... a combined volume of 240 billion euro. The current programme expires in mid-2014. 1. Who will blink first
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Greece agrees with troika, looks to tranche release and redistribution of surplus
PoliticsGreek Politicseuros will reportedly go towards reducing the country’s debt, 1 billion to reduce state arrears and 500 million will be given as a “social dividend.” The latter mainly involves one-off handouts to 1... contributions by 3.9 percentage points (2.9 for employers and 1 for employees), which will be effective
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European Commission review of Greek programme: The key points
EconomyProgrammeof the next sub-tranche of 1 billion (due in June) include six prior actions, namely: 1) adoption of outdoor... to be completed by the end of June (for the disbursement of the 3rd sub-tranche of 1 billion in July): 1) adoption of the necessary legislation to merge all the supplementary pension funds
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With prior actions pending, PASOK showing signs of adjustment fatigue
PoliticsGreek Politicshad to complete six tasks to receive the June instalment of 1 billion euros and another six to get 1.... The first set of prior actions are: 1) adoption of outdoor trade law 2) adoption of investment.... The second set consists of: 1) adoption of the necessary legislation to merge all
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