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Trade deficit increases 4.8 pct in Dec and 4.5 pct in 2016 on rising imports
EconomyMacroeconomyis largely attributed to a rise in imports by 3.7 percent, while exports also grew by 3 percent... by 4.2 percent, while those from non-EU countries declined by 3 percent. In addition, exports to EU
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Athens grapples with awkward reduction of tax-free threshold
EconomyProgrammeor two children respectively. It remained unchanged for families with more than 3 children..., more than 3 million of wage-earners and pensioners declared annual income below the current tax
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Q4 GDP contracts 1.2 pct QoQ, leading to recession of 0.1 pct for 2016
EconomyMacroeconomydue to a sharp drop in services by 7.4 percent that more than offset a rise in goods by 3 percent... after a short-lived decrease of 2.8 percent in Q3. They also rose by 3 percent YoY decelerating from
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All-round concern about Greek-Turkish tension in run-up to referendum
PoliticsForeign Policyto the European Convention on Human Rights, whose Article 3 clearly says that "No one shall be subjected... will not be subjected to actions that are against Article 3 of the ECHR. Nevertheless, government sources
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Eurobank posts net profits of 38 mln in Q4 and 230 mln in 2016
EconomyBanking. Eurosystem funding fell by around 3 billion QoQ to 13.9 billion at the end of Q4, but increased... billion in Q4 from 3 billion in the previous quarter. Gross loans edged up by 54 million QoQ to 50.7
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ESM takes stock of Greece's sovereign vulnerability
EconomyProgramme2 and 2.5 to elevated, between 2.5 and 3 to moderate and a score above 3 means low vulnerability
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EC lowers growth forecasts, sees fiscal targets within reach
EconomyMacroeconomycompared to the imports’ growth (3 percent). For 2018, the EC also lowered its GDP growth forecast... respectively, taking into consideration the fiscal package worth 3 percent of GDP voted in May 2016
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The SEKAP case and extrajudicial debt restructuring
LegalThe law (N. 4469/2017) recently adopted by Greek Parliament, which was published on May 3 and introduces the opportunity of extrajudicial debt restructuring for natural and legal persons under... remembering that according to article 108 par. 3 of the Treaty for the Functioning of the European
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Debt deal eludes Greece and lenders, June 15 set as final deadline
PoliticsGreek Politicsmillion euros on July 3, 2.17 billion on July 17 and 4.03 billion to the European Central Bank on July 20... that, Greece would have to comply with the Stability and Growth Pact, which sets the fiscal limit at a 3
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Coalition turns to growth plan for relief from negativity, poor poll numbers
PoliticsGreek Politicsto exceed 2 percent of GDP this year and to reach around 3 percent or more next year, which is above... partner, Independent Greeks (ANEL) short of the 3 percent threshold for entering Parliament. ANEL
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