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Newsletter 3 - 14/11/2014
landing at 1.24 million. The number of employed stood at 3.55 million, 15,700 lower than in July. Youth... in 2013 and this year. In 2013 more than 17.5 million tourists visited Greece, numbers not seen... and services than it did in 2012. While countries in the eurozone’s southern and northern periphery
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Greece's 2015 budget: A breakdown of all the key figures
EconomyMacroeconomy(1.8 percent of GDP), lower than the 2 percent incorporated in the draft budget and the 2.3 percent... is forecast at 41.89 billion euros, 457 million above the MTFS but 530 million lower than those... reiterated it plans to issue 7- and 10-year bond as well as T-Bills with durations of more than 6
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ILO highlights social impact of Greek crisis, proposes change in policy
Society(based on the poverty line fixed in 2008) showed that poverty in Greece has more than doubled... percentage points (pp) to 67.8 percent in 2013 and by more than 10pp to 50.1 percent for inactive... than the rest of the non-employed during the crisis. Among households, large families have suffered
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Greek GDP up 0.7 pct in Q3 for third straight quarter of growth
EconomyMacroeconomyon year (YoY) in Q3, higher than the flash estimate of 1.7 percent, according to the provisional... figures imply the domestic economy grew by 0.7 percent in the 9-month period, slightly higher than... than 70 percent of GDP and has declined by more than 24 percent since 2008, mainly reflecting
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Greek tax revenues at 33.5 pct of GDP in 2013, slightly below OECD average
EconomyMacroeconomyhigher than that of Ireland at just 4.2 percent. Note though that SSC contribution to total taxation... percent is similar to that in Portugal and Ireland and only lower than that of Finland (24 percent... higher than that of Mexico (0.31) and way below the OECD average of 0.55, implying that a considerable
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Greek budget primary surplus up to 3.53 bln at end of November despite revenue shortfall
EconomyMacroeconomy, 673 million better than target. The overperformance is down to lower expenditure (by 1.35 billion) and the Public Investment Budget (PIB) deficit (by 297 million) more than offsetting the continued... higher than November’s last year), all indications point to a revenue underperformance for the whole
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Moody's sees 1.2 pct growth in Greece next year but highlights political risk
Economyrisks. According to Moody’s, Greece’s gross financing needs are estimated at more than 20 billion euros... to rebound 0.6 percent this year and further by 1.2 percent in 2015, less than the official sector... and slightly higher at 3.2 percent in 2015. Both projections are higher than Greek government’s targets
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A little more persuasion, a little less reaction
AgoraDawn rather than SYRIZA, but a man with such an open and frequently declared affection for Greece... of progress through the synthesis of opinions and ideas. “It would help if, rather than fearing democracy... view of Samaras, a leader who the WSJ argues is trying “to scare voters rather than persuade them
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Snap elections in Greece: The scenarios ahead
PoliticsGreek Politicslikely than the latter and so far only one polling company (Public Issue) has published projected... from PASOK rather than the whole party. Also, the possibility that ex-Prime Minister George Papandreou... in office for anything more than the short-term. No clear winner, back to square one There is strong
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How SYRIZA says it will fund its economic policies
Economycapital for anything other than bank recapitalisation requires approval by the Eurogroup as well as from... to be further recapitalized (to cover capital losses due to bad loan write-offs) using HFSF funds rather than... target. 3) Settlement of unpaid taxes. SYRIZA expects more than 20 billion euros of the outstanding
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