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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
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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