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Growth of wages index slows to 3.9% YoY in Q2
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Economy holds steady in Q2 but autumn set to pose more and tougher tests
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Energy pushes import prices up by 10% in July
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Sharp drop in new passenger cars leads to 18.7% YoY decline for vehicle sales in Aug
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Despite manufacturing gains, industrial production drops by 1.2% YoY in July
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Inflation picks up pace in August, rising to 3.8% YoY
Government’s growth ambitions meet RRF reality
The government was battered this week by farmers blocking national roads and key infrastructure and from its own parliamentary group, which questioned openly the administration’s approach, the Eurogroup’s unanimous election of Greek Finance Minister Kyriakos Pierrakakis as its president for the next two and half years was a welcome development for Prime Minister Kyriakos Mitsotakis, at least on the public relations front.
The Pierrakakis appointment received global coverage, with the international media viewing it a significant reversal of fortunes for Greece, which only in 2012 defaulted on over 200 billion euros of public debt and in 2015 was teetering on the verge of ...
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