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Fuels and food drive 0.7 pct YoY fall in Sept retail sales
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Deposits drop of 2.13 bln in Oct driven by businesses
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Credit growth slows to 7.8 pct YoY in Oct
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Construction continues recovery in Aug, down 8.4 pct YoY over 8 months
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Economic sentiment slides in Nov, consumer confidence drops sharply
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Oct budget execution data affirms strong revenue performance
High unemployment, falling wages damaged sustainability of largest Greek pension fund
Employees insured with IKA, the largest main social security fund in Greece, lost more than 10 billion euros in annual wages over the last 5 years, according to the Federation of IKA employees (POSE-IKA).
At the same time, their annual social security contributions have dropped by almost 5 billion euros over this period, reducing IKA revenues accordingly.
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