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Labour reforms, fiscal measures loom largest as Athens resumes talks with lenders
PoliticsGreek Politicsto be implemented from January 1, 2019. Athens is hoping that the volume of measures will be reduced slightly from 2 percent of GDP, or 3.6 billion euros, and that it will not have to reduce pension spending... since) by 1 percent of GDP in one go from 2020. This seems to be the proposal from the lenders
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Newsletter 141
fluctuated in recent months. 2 Current account surplus at 1.21 bln in Sept Headline figure driven... and quarrying by 10.6 percent, along with a fall of 1 percent in manufacturing. Industrial turnover..., capital goods by 7.2 percent and consumer non-durables by 1 percent. Intermediate goods were up by 9.7
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Alpha Bank posts net profits of 65.2 mln in Q1, NPEs fall for fifth quarter
EconomyBankingsegment increased by 16 million euros, and declined by 2 million euros in the wholesale segment. Within... by 9.1 percent QoQ to 267.8 million, declining by 1 percent YoY. The cost to income ratio came... by 1 billion QoQ to 35.9 billion at the end of Q1, increasing by 2.8 billion YoY. On a domestic
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EU elections in Greece: Applying a different scale of values
Agorato eliminate their debt over a period of 120 months. The opposition leader also said he would make 2.... He said he would instead implement a 1:1 hiring ratio. Three months later, at New Democracy’s party... impact at around 1 billion euros, while the institutions reportedly think it is closer to 1.5 billion
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Tsipras tries to use Brussels warning to his political advantage
PoliticsGreek Politics,” he said. “Mr Mitsotakis insists on talking about the need to adopt a 1:5 hiring rule, while we have managed to secure a 1:1 ratio,” he said. Tsipras concluded with a warning that Greece has... the Greek economy back. “The economy will go nowhere with growth rates of 2 percent,” he said
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Mitsotakis vows to push on with tax cuts despite fiscal concerns
PoliticsGreek Politicsthat this would allow Greece to pay off its debt quicker. “You have different revenues if you grow with 2... the first hirings (1,500 people) would be made in the police force, adding that the 1:5 ratio may... that it would reach the 1:1 ratio the government has been implementing since the start of the year. Justice
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As easing of lockdown begins, government looks to salvage economy
PoliticsGreek Politicsand updated every 1 to 2 weeks. As things stand, Greeks are not able to leave their region but the government... explained that the infection rate (R) has dropped well below 1, signalling that the disease is dying out... to and from the Greek islands. This is due to happen on June 1. According to Kathimerini, though
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Newsletter 328 - 18/02/2022
the 2 percent increase adopted on January 1. On the pandemic, the PM said he expects that the situation... Democracy leader also trailed a generous rise to the minimum wage from May 1, although he did not speculate... inflation of less than 1 pct in the final budget submission. Real GDP will be lower as it will have
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Newsletter 340 - 03/06/2022
, are evident in the latest PMI release that hit the lowest in over a year at 53.8, down by 1 point... and in the sensitivity analysis the scenario of higher inflation by 2 percentage points in the current year, consumption is seen lower by 1 percentage point and investment down by 2.2 points, leading to a real GDP
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Broad impact of inflation crisis becoming clearer
Agorathe scenario of higher inflation by 2 percentage points in the current year, consumption is seen lower by 1... release that hit the lowest in over a year at 53.8, down by 1 point, although still in expansion... estimate of 1 percentage. It is becoming increasingly evident that unless tourism can absorb much
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