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Athens wary of implications from Erdogan's cancelled trip to Washington
PoliticsForeign Policyand that will play into the hands of Russia’s President Vladimir Putin. Ankara has not given any clear reason for this cancellation, which has caused concern in Athens. Greece is always monitoring the course.... It was noted that many items have been successfully concluded. Satisfactory progress has been
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Rate of credit contraction rises to 3.7 pct in July, balances fall
EconomyMacroeconomyThe rate of drop in Greek credit to the private sector accelerated to 3.7 percent in July from 3.5... million in June. Corporate lending balances further eased to 101.2 billion euros in July. The rate of drop... deductions had reached a year low of 266 million. The rate of growth in loans to sole proprietors remained
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IMF upgrades Greece’s GDP and unemployment rate estimates
EconomyMacroeconomywas upbeat in its estimates regarding Greece’s GDP and unemployment rate, upgrading its previous... percent in 2017, while OECD has a lower growth estimate of 1.9 percent for next year. The report also... to record a growth rate of 0.7 and 3.7 percent respectively. The IMF also adopted a more optimistic stance
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Unemployment rate edges down to 23.3 pct in Q1
EconomyMacroeconomyperiod last year, the jobless rate has declined by 1.6 percentage points (pp) from the Q1 2016 figure...The Greek non-seasonally-adjusted unemployment rate fell to 23.3 percent in the first quarter (Q1... (-5,500) and real estate activities (-2,100). The unemployment rate among males dropped by 1.4 pp
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Unemployment rate down to 14.2 pct in July, lowest since Nov 2010
EconomyMacroeconomythe figure has been since November 2010. In the same month last year, the unemployment rate was 16.8...Greece’s seasonally adjusted (SA) unemployment rate dropped to 14.2 percent in July from 15 percent... and now stands at 3.18 million. The unemployment rate among women fell by 1.5 percentage points (pps
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Time deposit rate slips 12 bps in Oct, average loan rate rises by 29 bps
EconomyMacroeconomyAfter remaining almost flat in September, Greek households’ new time deposit rate fell by 12 basis... rate corresponds to a new low in the period since Greek joined the euro. The cumulative drop by 75... deposit rate in Greece currently stands around 40 bps above the eurozone average, while
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Newsletter 67 - 18/03/2016
issues of the first programme review, no agreement has been achieved in most of them. However, progress has been made in some of the thorniest issues on the review agenda. Without providing any... on the full liberalisation of the non-performing loan (NPL) market. In contrast, the government has
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Newsletter 109 - 03/03/2017
have been limited, it became evident over the last few days that the government has conceded... to close the second review. During the course of this week, the coalition has also accepted... decision on the primary surplus targets Greece has to achieve after 2018 and what kind of debt-relief
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PM lines up Israel visit, discusses conflict with Erdogan
PoliticsForeign Policyinitiatives to prevent any further regional escalation, following the lead of Washington which has already... an indication that their communication has been completely restored. But it also shows that the two leaders..., Erdogan stressed that Turkey has made every effort to end the current conflict, which may have
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Meeting of Greek, Turkish foreign ministers raises hopes for constructive dialogue
PoliticsForeign Policy– their dispute to the International Court of Justice. But, as history has shown, this will depend... of years, Ankara has also unilaterally put on the table air space issues, the demilitarisation... political atmosphere is conducive to a definitive resolution and that in Athens the government has
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