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Rebound of 0.3 pct in Greek GDP puts annual estimate of mild recession in sight
EconomyMacroeconomy, retail sales fell by 2.6 percent in May compared to March, at an accelerating pace vis-à-vis.... Industrial turnover in April and May continued declining at double-digit rates of 13 to 14 percent compared...) plunged by 31.5 percent in May after a 5.3 percent decline in April compared to a mid-teen drop posted
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Stepping up search for alliances, Tsipras welcomes Euro-Med leaders
PoliticsGreek Politics-summit a few weeks ago, the refugee crisis may end up being a dominant theme in the wake of suggestions that EU members may send migrants back to Greece under the Dublin regulations and fears that arrivals may rise even more than they have since July. Tsipras’s mood ahead of the Athens meeting
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Newsletter 87 - 09/09/2016
down to 23.4 percent in June from 23.6 percent in May. The June jobless rate is the lowest since... rate also decreased to 22.6 percent in June from 23.3 percent in May. ELSTAT figures also showed... to be that the EU has helped Greece improve its capabilities and that they may soon be returned. It is true
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Newsletter 88 - 16/09/2016
will contain sensitive issues, such as labour reform, that have hardly been touched yet. Matters may... by 21.7 percent in June, after a bigger decline by 31.5 percent posted in May, ELSTAT data released... funding has been trimmed by almost 16 billion euros since the end of May. Overall, Eurosystem funding
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Multi-bill approved, coalition looks for positive news to fend off opposition attacks
PoliticsGreek Politicsit will not be a major overhaul of the cabinet, Tsipras may be able to create a sense that the government is turning... that this will happen. Much may depend on what a committee of experts appointed by the government to propose a new... has already indicated it will demand the government step down. Another tactic to pressure Tsipras may
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Deposits rise to 124.6 bln in Oct on inflows of 1 bln
EconomyMacroeconomyto 124.63 billion at the end of October. This is the highest they have been since May 2015... May, Greek banks saw inflows of 2.88 billion by October. Total deposits – which also include those..., which is also the highest reading since May 2015. The gg balance stood at 10.52 billion, of which 5.75
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Pieces of review puzzle yet to fall into place ahead of Eurogroup
EconomyProgrammea technical, agreement may be reached, according to a eurozone official. Reports earlier this week... in the May 25 Eurogroup statement. These measures would include smoothening of the EFSF repayment... to the debt buy-back of the second programme, according to last May’s decisions. According to a draft
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Greece heads to Eurogroup facing uncertain outcome
EconomyProgrammeto 0.1 percent of GDP. However, for this to be eliminated, a cut in social benefits may be required... Eurogroup its proposal on the (short-term) debt relief measures. According to the May 25 Eurogroup... programme. A draft ESM proposal revealed by the WSJ last week showed debt relief measures may also involve
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What Greece’s draft agreement with lenders foresees on labour and pension reforms
EconomyProgrammeof actions required for the full implementation of the pension reform voted in Parliament last May... directive notes that over a period of 90 days the number of mass layoffs may exceed 20 regardless... the pension reforms adopted in May, the draft sMoU outlines a number of actions for the full
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Newsletter 100 - 16/12/2016
in Parliament. Potami and the Union of Centrists adopted the same stance. Tsipras may have also been... negotiations on labour and fiscal fronts may resume later The appropriate primary surplus target... and fiscal fronts may resume at the top level at a later stage, when conditions would become more
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