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ECB survey shows enduring preference for cash payments in Greece
EconomyFeaturescard and electronic payments. The study titled “The use of cash by households in the euro area... surveyed at 75 percent. The survey found that in 2016, euro area consumers made 1.6 payments per day on average, equalling nearly 11 payments per week. Of these, the average in the euro area was 1.2
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Court ruling on pension cuts could create new problem in talks, fiscal plans
EconomyProgrammeof academics that were imposed by law 4093, did not take effect retroactively. This means it is not yet... for pensions below the 700-euro limit. The government estimates that the cost of the partial reintroduction... to public coffers is estimated at 1.5 to 4.5 billion euros, depending on whether the restoration
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What next for Greece's revenues and spending?
Agora. The government has not yet clarified when the ENFIA for this year will be paid, but certainly it would.... Initial estimates were pointing to a higher shortfall in June as the last two days of the month... to the prevailing restrictive conditions. It is estimated that after the stabilization of the cash flow
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Newsletter 70 - 15/04/2016
of 2015 during this week, with Greece failing to bridge its gap with lenders, the institutions not yet... document estimates net savings of 2.5 percent of GDP are required to achieve a much lower primary surplus... its macro and fiscal forecasts, the IMF estimated Greek GDP will contract 0.6 percent this year
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IMF warns of uphill battle for economy as Athens seeks to close 2020 fiscal gap
EconomyProgrammewith the long-term sustainability of the public debt not yet secured and banks unable to support growth... growth below 1 percent, the Fund estimates that will take 15 years for per capita income to return... institutions have also asked the government for a detailed timeframe for the repayment of an estimated 2
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Newsletter 253 -05/06/2020
of VAT from 24 to 13 pct for a range of products and services as yet more businesses reopen... percent in Q4 2019, provisional estimates from the Hellenic Statistical Authority (ELSTAT) showed... percent is expected in 2020 compared to an estimated 2 percent GDP growth before the pandemic. GDP
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Newsletter 433 - 13/09/2024
as stand-in leader until the vote takes place. It is not clear yet if he will seek to be elected after... pct in 2024, again below the recent government estimates, to 2.3 pct next year, 2 pct in 2026... group. It is estimated that 17 of SYRIZA’s 35 MPs are loyal to Kasselakis. Former parliamentary
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S&P upgrades Greece’s rating by one notch, sees compromise on pension reform by March
Economyimposed in 2012. Primary surplus is expected to improve close to 2 percent by 2019, yet it would remain... in investments by an estimated 12 percent, while the net job increase reinforces expectations that unemployment... having to clean up their balance sheets from the huge stock of non-performing loans estimated at 46
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Personal responsibility and public healthcare: Greece on a wing and a prayer
Agorato issue a new banning order, closing ski centres and organised beaches. And yet, church services... Association estimated that public hospitals were short of 6,500 permanent staff. There is another aspect... on pharmaceuticals per person shot up by an estimated 80 percent over the same period. Both the absolute
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Q1 GDP contracts 1.1 pct as Greece eyes growth in 2014
EconomyMacroeconomyin 2013, which was slightly milder than the initial official recession estimate of 4.2 percent... Commission and the IMF estimate GDP will rebound by 0.6 percent in 2014. Projections made by the Bank... (Q1) of 2014 from -2.3 percent in Q4 2013, according to flash estimates published by the Hellenic
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