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Half-way reforms, high taxes and high costs in the public sector

09 March 2015 / 14:03:25  GRReporter
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The data of the technical teams that monitor the implementation of the bailout programme are indicative: from 2010 to the end of 2014, the nominal cost of labour decreased by 12%. The total value of prices increased by 2.5% when the recession rate was 20% while net company profits increased from 7% in 2012 (when the majority of labour market reforms were implemented) to 8%.

Tags: EconomyMemorandumBailout to GreeceSupervisory TroikaPortugalIrelandReformsBudget cuts
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