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Fifth post-MoU review concludes successfully, EC highlights public investment, NPLs as areas of concern
EconomyProgrammelower than the target. The under-execution of the PIB is an ongoing concern, and the Commission notes... a sizeable cash buffer of more than 23 billion euros that covers more than two years of financing needs... by more than 30 billion, using 12 billion euros of state guarantees, still leaving banks
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GDP falls by 0.7 pct QoQ in Q4 and increases by 1.9 pct in 2019
EconomyMacroeconomypercent, lower than the forecast of 4.1 percent. The figures showed that nominal GDP grew by 1.5.... Government expenditure increased by 2.1 percent, also higher than the government’s forecast of 1.6... percent in 2019, lower than the MoF’s forecast of 8.8 percent. Exports As noted, exports of goods
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Employment balance positive by 24,867 February
EconomyMacroeconomyThe employment balance turned positive in February with 24,867 more hirings than firings, data from..., there were 2,973 fewer people hired than fired. Total hirings came to 183,602 versus 158,735 departures... people hired than fired. This was followed by those aged 45-64 with a positive balance of 6,202
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Newsletter 243 -13/03/2020
in impacted areas that had to close for more than 10 days. The government is working on a second set... than other countries because the virus will impact demand more than the supply side. Overdue social... of amounts owed showed that 80.7 percent of debtors owe less than 15,000 euros each for an aggregate
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Worst ever negative employment balance recorded in March as virus measures hit
EconomyMacroeconomyThe employment balance turned sharply negative in March with 41,903 more firings than hirings, data..., there were 85,276 more people fired than hired. Ergani noted that the balance for March 2020... years, where there were 15,008 more people fired than hired. This was followed by those aged 45-64
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Greece clinches attractive yield for 7-year bond amid testing conditions, diminished interest
Economyoffers reached 5.9 billion euros, which is less than 1/3 of almost 19 billion euros that were... attracted more than 5 billion euros, before closing at 13:45 UK time with total offers of 6 billion euros. In the equivalent time in January, the 15-year had attracted more than 17 billion euros. In terms
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Newsletter 249 -08/05/2020
that ended up covering 80 percent of the private sector through 800,000 enterprises, more than 1.7... into positive territory in April with 7,205 more hirings than firings, data from the Labour Ministry’s... people fired than hired. Ergani noted that there were 233,626 fewer hirings in April 2020 compared
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Outdoor gatherings with hint of protest raise concerns over relaxation of lockdown
PoliticsGreek Politicsthan “letting off steam” after the lockdown and to discourage any attempt at exploiting them... to a hastening, rather than a slowing down of lockdown relaxation. During a regular briefing... earlier than the scheduled date of June 1, in order give an outlet to the crowds congregating in public
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Economic relief eyed as Greece launches fourth round of lockdown easing
PoliticsGreek Politicsthat mean there can only be one customer for every 2 square metres and no more than six people in total... applications since May 20, taking the total for both rounds to more than 7 billion euros so far. Also, reports suggest that more than half a million people could be in flexible working arrangements from
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Newsletter 252 -29/05/2020
than apply for the government’s SURE-backed employment support scheme. In his response to SYRIZA... one unit of NPE reduction is lower via the bad bank than via securitisations. Stournaras is reportedly... total revenues stood at 15.43 billion euros, lower than the target by 1.25 billion or 7.5 percent
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