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From MoU exit to Grexit: Where next for Greece?
Agoraof primary surplus targets that would be lower than the 3.5 percent of GDP originally envisioned and for less than the 10 years agreed in the fraught summer of 2015. Armed with these gains... people, but also a much more positive legacy for Tsipras and SYRIZA to take with them than the last
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Greece sees highest tax wedge increase among OECD countries in 2016
EconomyThe tax wedge in Greece remained above the OECD average in 2016, when it increased by more than 1... above where it was by 2015. The tax wedge stood at 40.2 percent in Greece in 2016, more than 4 pp higher than the OECD average figure, which edged down 0.1 pp to 36 percent. The deviation of the Greek
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Study finds contrasting trends in Greek health during crisis
SocietyThe impact of the economic crisis in Greece on health has been more nuanced than previous reports... medical assistance or take tests has more than doubled from 10 percent in 2010 to almost 22 percent.... For example, in 2014 there were 174 more suicides in Greece than in 2009. However, as the study underlines
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IMF downgrades Greek GDP and unemployment forecasts
EconomyMacroeconomyreflects the weaker-than-expected GDP outcome in the fourth quarter (Q4) of 2016, as well as the negative... stands at 1 percent for 2022, lower than its previous forecast of 1.8 percent for 2021. The report also... points (pp) within 2018 is much lower than that (-1.9 pp) estimated for this year. Consumer prices
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Newsletter 120 - 26/05/2017
as the biggest problem. The Greek figure is three times higher than the euro area average of 9... than the target. In addition, gross revenues (revenues before tax refunds) beat the target by 534... billion, 155 million lower than the target. This is fully attributed to indirect taxes, which were
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Banks meet overall NPE reduction target in Q1 2017, largely on write-offs
EconomyMacroeconomyquarter-on-quarter (QoQ) to 103.9 billion, 1.3 billion lower than the target of 105.2 billion. However... in Q1, 1.8 billion lower than the target. In contrast, residential NPEs came in at 27.7 billion, 400 million above the target, while consumer NPEs amounted to 14.3 billion, 100 million higher than
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Aided by underspend, budget primary surplus reaches 1.84 bln in 5-month, 792 mln above target
EconomyMacroeconomyunderspend with primary expenditure coming in 791 million lower than target. The monthly primary... million higher than target. The aggregate figure for the 5-month period showed primary expenditure... said that the lower-than-expected expenditure mostly reflects weaker earmarked revenues (by 291 million
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Newsletter 121 - 02/06/2017
.” The government is pushing for a better deal than the one it was offered last month, particularly... priority than debt relief,” he said. “Former programme countries such as Spain and Ireland..., more than doubling to 659 million in April from 307 million in March. The April figure is the highest
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Compliance report looks at programme financing, arrears clearance and 2016 performance
EconomyProgrammein arrears clearance, having reduced the stock by more than one third since June 2016. The pile... on 2016 revenues relate to the higher than expected dividend from the Bank of Greece as well..., lower than expected investment spending and continued expenditure restraint also supported the fiscal
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Government stalls possible bond issue, clashes again with judiciary
PoliticsGreek PoliticsMonetary Fund is holding its executive board meeting on June 20, rather than June 27 as was initially... that it achieves a lower yield than the New Democracy-led coalition in 2014, when it reached 4.95 percent... that the 2014 bond had a yield that was 1.41 times higher than Portugal’s rate. He suggested that if the same
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