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Energy at forefront of 2 pct decline for industrial production in May
EconomyMacroeconomyGreece’s Industrial Production Index (IPI) continued its drop in May with 2 percent year-on-year (YoY), after a sharp fall of 4.2 percent in the previous month, according to Hellenic Statistical Authority (ELSTAT) data released on Thursday. This is the first back-to-back negative readings since
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Inflation broadly stable at 2 pct YoY in Oct, rents up by almost 9 pct
EconomyMacroeconomyGreece’s Consumer Price Index (CPI) was broadly stable in October with a rise of 2 percent year-on-year (YoY), from 1.9 percent in the previous month, according to the data released on Monday by the Hellenic Statistical Authority (ELSTAT). The average CPI for the rolling 12-month period was broadly
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Lenders set out 49 milestones for Greece to meet before next bailout tranche
EconomyProgrammeRevenues. 2) Develop a cost plan for the promotion and facilitation of electronic payments. 3... reform 2) Establishment of three mobile enforcement teams on anti-smuggling 3) Reconvene the inter... implementation of gas market reform. 2) Prioritising distribution tariffs. 3) Modification of electricity
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On monetary policy and inflation targeting
Agorasay 2 percent year-on-year (Y/Y) for the headline index of consumer prices (HICP).[2] Country A has... policy, aiming in both cases at a Y/Y headline rate of inflation of 2 percent. The bold line presents... 10 percent, before showing some easing toward the 2 percent objective. The central Bank in Country B
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Greek fiscal deficits and debt since 2000
Agoraof the Hellenic Ministry of Finance, that the Syriza 2 government (from September 2015 to July 2019... a look at Syriza 2. This administration ran an average overall surplus of 0.1 percent of GDP a year... that the economy is growing. But the stock of debt during Syriza 2 increased by some €19 billion
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Tailor-made Maastricht criteria for Greece?
Agora, in principle. They called for the deficit of a member state to remain below 3 percent of GDP a year..., over time, a value D = def/y. In other words, if the deficits can be limited to 3 percent of GDP... interesting detail is that the 5 percent nominal growth rate can be thought of as 2 percent
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Macroeconomic fundamentals for Greece
Agora175 percent of GDP; a fiscal balance of around minus 3 percent; the interest bill around 2½ percent... 1992, when the Maastricht Treaty was negotiated—2 percent inflation and 3 percent real GDP growth): 60.... Figure 2 shows that these efforts are yielding some success. The number of inactive people
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The key points from Greece's proposal to lenders
EconomyProgrammewill be implemented as of October 1. 2) Introduction of a reward point system for the registration of receipts in an effort to increase VAT and income collection. 3) Increase in the solidarity levy rates to 2% (from... of the social security funds (SSFs) into three in two phases and over a period of 3 year. 2) Suspension
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Greece - Some structural macroeconomic arithmetic
Agoraabove the notional limit).[2] It would make sense to aim for 3 percent instead. Greece can... suggests that trend output growth sits around 1¼ percent a year. The OECD seems to be below 2 percent... officials and economists suggests that potential output growth may hover “around 2 percent
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European Commission review of Greek programme: The key points
EconomyProgrammetrade law, 2) adoption of investment licensing and spatial planning laws, 3) update the list... of the public sector into the private sector main pension fund (ETEA), 2) adoption of forestry law, 3) adoption... the end of August 2014. Following the recent 5-year bond issue of 3 billion, these needs have been
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