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Boosted by seasonal factors, quarterly unemployment drops below 10 pct for first time since 2009
EconomyMacroeconomyGreece’s non-seasonally adjusted quarterly unemployment rate fell sharply in Q2, dropping to 9.8... showed on Thursday. The jobless rate in the second quarter of 2023 was 11.2 percent. This is the first time that the quarterly rate dropped below 10 pct since Q3 2009 when it stood at 9.4 percent
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New fiscal measures aim to edge Greece closer to deal with lenders
EconomyMacroeconomyto food and medicines. Greece currently has two main VAT rates of 13 and 23 percent and a lower rate... and pension reforms. On the fiscal front, the government has reportedly proposed a new set measures... list submitted in late March, MoF sources told Kathimerini that the current estimate has now been
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European Commission evaluates impact of bailout programme
EconomyProgrammecompared to the bottom decile. Thus, EC has considered that the increase in the VAT rate... that this rate differential has led many taxpayers being registered as farmers for tax elusion purposes. Thus..., while the government has committed to present further measures effective as of the beginning of 2016
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Banks’ EFSF bonds QE eligible but with little impact on liquidity
Economyshows Piraeus has the largest EFSF bond holdings of 14.26 billion euros at the end of 2015, followed... in the programme. The bulk of banks’ EFSF bond holding were used until now as collateral for ECB funding... for the participation of Greek banks’ EFSF bond holdings in ECB quantitative easing (QE) in the context of its Public
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Productivity developments in the Greek public and private sector
Agoratends to be fairly stable. The growth rate in GVA and GDP are virtually identical over longer time... in this variable (productivity improves at a healthy rate, on average, due to good education, technological... the public sector because the private sector is bigger (has more weight) than the public sector
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Submarine deal resurfaces, threatening new political divisions
PoliticsGreek Politicsand is threatening to cause a rift between the two parties within the coalition. SYRIZA has declared its intention... was signed in 2010, when the Abu Dhabi holding company agreed to buy a 75.1-percent stake... Venizelos, signed it in his capacity as Defence Minister at the time. Venizelos has been in SYRIZA’s
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Samaras, Venizelos opt for earlier presidential vote in high-risk strategy to save coalition
PoliticsGreek PoliticsThe government has decided to move forward by around two months the presidential vote in Parliament... more ground than it has during the last few weeks on fiscal and structural measures. Moving... taking. Suspicions doused Holding the presidential vote earlier than planned also gives SYRIZA less
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Tsipras faces dissent from SYRIZA MPs but serious rift unlikely at this stage
PoliticsGreek Politicsthe challenging process of implementing the agreement his government has reached with Greece’s creditors became... Lafazanis, who has already gone counter to the government’s position on privatisations, and Alternate..., this could be a move that backfires on the prime minister, who has promised greater transparency
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Greece expects no surprises from ECB despite questioning chances of deal
PoliticsGreek Politicsreport suggesting that the IMF has been pressing European lenders to draft a plan for Greek debt relief... more an imprudent attempt to capitalise on the buzz created by the FT story (which has been rebuffed... is not holding up negotiations but is at the mercy of disagreements between lenders. This line of argument had
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Outcome of next vote on prior actions to set tone for political developments
PoliticsGreek Politicsto be completed before August 20, when Greece has to pay a 3.7-billion-euro bond held by the European Central... to be held once the agreement has been passed through Parliament. The prospect of going to snap elections before the agreement has been clinched seems unlikely given that Greece would probably
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