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One in two Greek households rely on pensions to make ends meet
SocietyThe main, and in many cases only, source of income for almost half of Greek households are pensions... benefit. These two statistics explain why so many Greek families are finding it difficult to meet... the crisis, while the average Greek family has seen its earnings drop by almost 40 percent between 2010
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Greek Q4 GDP down 2.6 pct, shrinks 3.7 pct in 2013 - better than troika estimates
EconomyMacroeconomyGreek non-seasonally-adjusted GDP contracted 2.6 percent in the fourth quarter of 2013, further... that the recession reached 3.7 percent in 2013, which was slightly better than the latest Greek government...: The Greek government and the troika estimate a GDP rebound by 0.6 percent with BoG and Fitch Ratings
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Greek Parliament's budget office questions primary surplus sustainability
EconomyMacroeconomyIn its latest quarterly report released on Friday, the Greek Parliamentary Budget Office (PBO) argues that despite significant achievements in 2014, the Greek economy still has a long way to go... to committee, the return to bond markets does not mean that the Greek economy has wriggled free
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EU vote highlights Greek center-left's urgent need for renewal
PoliticsGreek Politicsthe outcome as an indication that Greek voters are fed up but at the same time do not want to cause... on the future of his own party and the Greek centre left in general. Leaving aside the low expectations... if it is to be anything more than a bit-part player in Greek politics. Venizelos announced in the wake
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Greek deposits edge up for second month in April, reach 161.3 bln
EconomyMacroeconomyGreek private sector deposits increased 0.2 percent month on month (MoM) in April, with balances... that had been posted until June 2012, when the last general elections were held. Although Greek banks... respectively in the past two months. Greek banks should gradually replace the bulk of ECB funding
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Samaras hopes for Merkel fillip as gloom grips Greek coalition
PoliticsGreek Politicsand comes 10 months after Samaras was last in Berlin to see Merkel. Then, the Greek prime minister sought... inspectors to Athens later this month for the fifth review of the Greek adjustment programme. Greece.... There is also reluctance on the Greek side to discuss the pension and labour reforms the troika
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Greek deposits up 0.6 pct to 164.23 bln in August, which sees year's highest inflows
EconomyMacroeconomyGreek private sector deposits rose 0.6 percent month on month (MoM) for the sixth straight month... that has returned to Greek banks corresponds to only a fraction of the 89-billion-euro outflows that had... of Greek banks on Eurosystem funding has been reduced by close to 30 billion euros (circa 40 percent
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Greek deposits increase for seventh straight month, reaching 164 bln
EconomyMacroeconomyGreek private sector deposits increased for the seventh successive month by 0.3 percent month.... However, the amount that has returned to Greek banks corresponds to just a small portion of the 89 billion... in the 9-month period of 2014, Greek banks’ reliance on Eurosystem funding has been slashed by more than
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Regional airports deal represents biggest privatisation yet for Greek government
Economyrights of 14 Greek regional airports. The financial offer consists of an upfront payment of 1.23 billion... airports involved are Thessaloniki (second largest Greek airport), Aktio and Kavala in the mainland... on Greek tourism. He also stressed that the majority of regional airports are profitable and do
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Greek deposits down 0.2 pct in October after seven months of rises
EconomyMacroeconomyFollowing a rise in the preceding seven months, Greek private sector deposits fell by 0.2 percent... returned to Greek banks corresponds to just a fraction of the 89 billion deposits that had been withdrawn until then. Although deposit inflows are rather limited since the beginning of the year, Greek banks
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