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Travel receipts rise by 8.8 pct YoY in June, arrivals drop marginally
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Central government debt rises to 403.2 bln in Q2, cash reserves near 42 bln
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Industrial turnover stable in June after marginal 0.1 pct YoY rise
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Oil balance and drop in exports pushes current account to 1.19 bln deficit in June
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Significantly contained spending pushes July primary surplus 4.36 bln above target
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Energy continues to drive import price drop as June records 4.7 pct YoY fall
Union report sums up grim state of wages, policy shortcomings
The latest annual report by Greece’s largest union, GSEE, captures the grim picture regarding wages in Greece and the spending power of workers.
The data highlights the government’s shortcomings in translating the growth of recent years into better real earnings as well as the weaknesses of its policy decisions, or inaction, related to structural issues in the Greek labour market.
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