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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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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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Troika review begins with fiscal targets and tax breaks in focus
EconomyMacroeconomyof 1.5 percent. The ministry is reportedly going to set its estimate for 2015 at 2.3 – 2.5 percent... sources, Kathimerini set out the government’s plan for tax breaks in 2015-16. For the next year... for physical persons with the target set at 10 percentage points reduction over time. To Vima
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Tsipras in Brussels prep for Obama trip
PoliticsGreek PoliticsAngela Merkel. The one-on-ones were set up as the European Union worries in private but publicly ignores... warmed to the subject in recent weeks. The national debt is set to hit a massive 315 billion euros... of low interest repayment rates set by creditors. If the talks in Brussels go well, the government
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Labour market reforms did exactly what they were supposed to
Agoramoderation and led to higher prices. The wage-bargaining processes set relatively high minimum wage... allow local pay agreements to set wage growth below sectoral agreements and introduce variable pay... sector wages did not stay intact for long. Although the first set of labour market reforms did
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Multi-bill passed, sub-tranche released but debt relief expectations dwindling
EconomyProgrammelow and the interventions that are due to be announced look set to fall below the bar set... for the last few weeks after being satisfied that Athens has met the targets that had been set... euros. The government is estimated to have already set aside around 6 billion euros
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Greek leaders' contrasting visions all a blur
Agoraforth from SYRIZA, New Democracy and their supporters, the party’s two leaders have set out... be a shame under any circumstances, but especially as Greek leaders have started to set out plans... a three-pillar system that was reformed in 2017 and the transition period for the first pillar was set
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Banks and government inching towards new framework to protect primary homes
EconomyProgrammehomeowners have to repay each month. It has set aside 150 million euros this year for this purpose... foreclosure is to be set will be between 100,000 and 120,000 euros. The talks are set to continue this week... Commission set to issue its report on February 27, it was made clear at Monday’s Eurogroup that a range
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Athens and lenders continue talks on outstanding actions, aiming to conclude by March 25
EconomyProgrammeis set to agree to the threshold for the maximum deposits an applicant can have being set at 30 percent of the residual mortgage. The maximum level of the residual mortgage was set at 130,000 euros in the government’s original proposal. The report also suggests that Greek authorities are set
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