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Break in bailout talks leaves question mark over their conclusion
PoliticsGreek PoliticsAnother night of bailout talks in Athens on Monday failed to yield any tangible results, meaning Greece will have to remain on edge over the next few days as negotiators take a break for the International Monetary Fund’s spring meetings in Washington. F...
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PMI improves by 2 pts in June to rise above 50-pt mark on higher production, employment
EconomyMacroeconomyGreece’s Manufacturing PMI rose by 2 points to 50.4 in June from 48.4 in May, Markit’s monthly survey showed on Friday. The headline figure for June represents an expansion, albeit marginal, for the first time since last December. It is the highest head...
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CPI up by 0.9 pct in July to mark fourth consecutive rise
EconomyMacroeconomyGreece’s Consumer Price Index (CPI) rose by 0.9 percent in July following an increase of 1 percent in June, Hellenic Statistical Authority (ELSTAT) data showed on Thursday. After four years of deflation, 2017 was the first year that overall prices rose ...
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Underwhelming GDP highlights investment falling short of mark
EconomyMacroeconomyThe signs that the Greek economy has been slowing were evident in previous GDP releases for 2023, as minor movements were recorded during the year and, after the latest revision, the first quarterly drop was seen in Q3. There was a minor 0.1 pct contrac...
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Growth of travel receipts in 2024 slows to 5.4 pct as arrivals go past 35 mln-mark
EconomyMacroeconomyGreece's travel balance recorded a surplus of 149.9 million euros in December, compared to 419.9 million euros in November, according to data released by the Bank of Greece (BoG) on Friday. The December balance was 53.4 percent higher than the 97.7 mill...
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Konstantopoulou dominates opposition politics as PASOK and SYRIZA struggle to make mark
PoliticsGreek PoliticsThe opposition parties have tried to play down the latest increase to the minimum wage, which the government announced on Wednesday, arguing that it is of little help to Greek households that are struggling to meet rising costs. Prime Minister Kyriakos ...
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Opponents react to Tsipras comeback as new parties make mark on political landscape
PoliticsGreek PoliticsParties across the political spectrum have offered their first reactions to ELAS, the new political vehicle of former PM Alexis Tsipras, whose launch on Tuesday has sent ripples through the landscape of Greek politics. Their reflexes have been sharpened...
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Greek union data suggest workers get paid late or in kind
SocietyMany Greek workers are not receiving their salaries on time or are being paid in kind rather than money, according to data gathered by the Labour Institute (INE) of the General Confederation of Greek Workers (GSEE). A report in the Greek daily “Ta Nea” ...
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Don't let the facts get in the way of "Argentinology"
AgoraIt should come as no surprise that in a the country where a large part of the political establishment is comfortable with the notion that some sort of conspiracy drove the country to bankruptcy, the same key players should spend the last few days in a h...
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SYRIZA buffeting continues as parties get set for official start of election race
PoliticsGreek PoliticsAll the indications are that Greece will appoint a caretaker prime minister on Friday, paving the way for elections to be held, most probably on September 20. Popular Unity leader Panayiotis Lafazanis is expected to hand back the exploratory mandate on ...
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