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The IMF crisis and how to solve it
Agorathe medium-term budgeting adjustment central to stabilising Greece. Where did it all go wrong... basis for all parties to draw valuable lessons ... noted ... overly optimistic assumptions... in the latter by “reprofiling” debt: extending maturities on all private sector bonds and loans falling
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Government preparing U-turn on controversial tax measure in bid to win back self-employed
PoliticsGreek Politics-employed workers by the end of the administration’s second term in 2027. The move would represent a U-turn... minimise the scope for cash transactions, forcing all payments online and mandating digital invoicing... for the objective criteria system, which taxes all self-employed earners based on a minimum earnings assumption
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Greece's key pledges and requests at the Eurogroup meetings
PoliticsGreek Politicsof conditionalities: The Greek government reiterates its commitment to the terms of its loan agreement to all... and transparency; create an efficient and fair tax court system; modern bankruptcy system, judicial... agreement that during this period the Greek state will be funded under a minimalist menu that solves
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Government U-turns again to tighten Covid measures over Christmas
PoliticsGreek PoliticsJanuary 2, include a return of the mask mandate in all public spaces, with double masks or high protection N95 masks made compulsory on public transport and in supermarkets. All large-scale events... trailed in the media following a meeting of the expert committee on Wednesday evening, mark another U
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Where is Odysseus? Part 4 - Unemployment and Employment
AgoraAs in the previous three monthly blogs, we continue to trace the progress of modern-day Odysseus... + U. Since we have a path for the labor force, we need to split this number in two groups: E and U... for unemployment, the path for employment then results automatically from E = LF - U. Labor markets have
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The "King of the North" seeking to heal a fractured kingdom
Agorathe steepest decline in home ownership prospects in modern British history. These kinds of pressures have... wards and middle‑class suburbs. As one Labour MP put it: “Labour was losing everywhere all at once... a “retro 20th‑century feel”, that the party is governing from its “soft‑left comfort zone
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Newsletter 501 - 03/04/2026
iceberg” and the surveillance scandal as the gravest in modern Greek history. But he also criticised... pints, from -49.2 in February. All components fell with the sharpest noted in the services sentiment... was weighed down by global events as output, new orders and stock purchases all slowed. Growth softened
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Greece's 2015 budget: A breakdown of all the key figures
EconomyMacroeconomya positive impact on general government fiscal figures of 852 million (0.47 percent of GDP) in 2013
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Newsletter 416 - 15/03/2024
committee, concluded that whatever the failures to install modern safety systems on the Greek... Androulakis of making repeated U-turns on the issue of non-state universities. Mitsotakis' focus on Velopoulos... forecast well above all other estimates by organisations that monitor the Greek economy, most of which
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Come back Cleisthenes, all is forgiven
Agoraa left dangerous legacy for its modern version. Since Cleisthenes, too many Greek politicians... reforms created “isonomia”. It is the principle that all citizens have the same rights
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