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Newsletter 454 - 07/03/2025
easing moves since the summer, this week's 25 basis point cut, which took the base rate to 2.5 pct... of the weekUnemployment January saw a sharp drop in the unemployment rate to 8.7 pct, a drop of 3 percentage points from the January 2024 rate, thanks to a reduction in the unemployed by close to 150,000 year
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Newsletter 497 - 06/03/2026
The monthly unemployment rate dropped in January to 7.7 pct, from 7.9 pct in the previous month. In January last year, the rate was at 9.5 pct. This is the lowest unemployment rate since November 2008. The unemployment rate among women fell by almost 1.5 percentage points (pps) YoY and came to 10.5 pct
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Apartment prices see 22nd straight quarter of decline: Down 7.3 pct in Q2
EconomyMacroeconomypercent) was posted in 2011. In the past two years, the rate of decline has decelerated below... and agricultural holdings. The nominal revenues are estimated at 3.2 billion, while the MoF projects
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Greek bank recapitalisation: The story so far and what lies ahead
Economypercent in 2016, turning to a strong growth rate of 2.7 percent in 2017. These are in line... depreciation of the market value of HFSF bank holdings. The initial investment of 25 billion
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Eurozone sets out proposals for staggered debt relief for Greece
EconomyProgrammewould also help Athens as the interest rate charged by the European lender is much lower than the one... Eurogroup. If the ECB returns to Athens the profits from its Greek bond holdings, with maturities
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IMF examines where programme went wrong, what lessons were learnt
EconomyProgramme) with pension expenses rising significantly relative to GDP. In addition, VAT rate hikes may have... that resulted in reduced bond holdings subject to restructuring and contraction of nominal GDP
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IMF sees eurozone debt relief pledges failing to deliver sustainability
EconomyProgramme). The Fund does not see any material revenues from the state’s holdings in banks. Official interest rate
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Lenders set out post-MoU framework with aim of securing reforms
EconomyProgrammeby eurozone central banks and the cancellation of the step-up rate of loans extended in 2012. The second...) will develop a strategy by the end of this year to sell its holdings in Greece’s systemic banks
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Eurosystem funding falls by 4.56 bln in June to 16.31 bln
EconomyMacroeconomyfigure had declined at a much milder rate of 716 million. June’s reduction brings the total for central... of Greek banks’ EFSF holdings in the ECB’s quantitative easing (QE) programme. Interbank repos have
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Eurosystem funding down to 12.63 bln in August, banknotes in circulation rise slightly
EconomyMacroeconomyat a much slower rate, dropping by 34 million euros MoM to 8.15 billion. In recent months, ELA... banks’ EFSF holdings in the ECB’s quantitative easing (QE) programme. Interbank repos have also
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