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Tracing the decline of the middle class as parties vie for its votes
EconomyFeatures7 national elections. Since key constituencies, including private and public sector workers... children over the age of 14. (It is worth noting that both the OECD and the ELSTAT figures are extracted... percent annually compared to under 2 percent in Italy Ireland). And whereas in Ireland the loss
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PM targets elections in May as polls show outcome is finely balanced
PoliticsGreek Politicsadministration was elected on July 7 in 2019 so the last Sunday that elections could be held before its time in office expired is on July 2. However, this is off the table now. Mitsotakis suggested... pct blame ERGOSE and 36.4 pct blame all of the above. It is notable that 14 pct of New Democracy
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Greek fiscal deficits and debt since 2000
Agoraof the Hellenic Ministry of Finance, that the Syriza 2 government (from September 2015 to July 2019... a look at Syriza 2. This administration ran an average overall surplus of 0.1 percent of GDP a year... that the economy is growing. But the stock of debt during Syriza 2 increased by some €19 billion
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Eurobank net profits from continued operations fall by 12.2 pct in 2018
EconomyBankingof the law 3869/2010 backlog in 2019. Sales from Pillar and Cairo portfolios, worth 2 billion and 7 billion... deconsolidation of approximately 7 billion in a single transaction to the SPV, which the bank will securitise... of this year the bank intends to reduce NPEs through a combination of the 7 billion euros transferred
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Current account deficit shrinks to 7 bln in 7 months as energy and imports ease
EconomyMacroeconomyGreece’s current account produced a surplus of 827.5 million euros in July, from a deficit of 638.2 million euros in June, Bank of Greece (BoG) data showed on Wednesday. In July 2022, the balance showed a surplus of 962.7 million euros, while in July 20...
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Newsletter 288 - 12/03/2021
Theoharis said that Greece would like to welcome visitors as of May 14. Until the situation clears... with a NPE ratio of 14 percent at the end of 2020, down from 29.2 percent a year earlier... fell by 0.6 percent QoQ and stood at 329.3 million euros. On an annual basis, NII fell by 2 percent
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The first cut is the deepest? Greek pension reforms in context
EconomyFeaturesto limit the rise of pension expenditure to 2 percent of GDP over the long term (2010-2060). It raised... and more. The cumulative cuts ranged from 14 percent for the lowest bracket to over 40 percent.... It is estimated that this adjustment will result in an average pension reduction of 14 percent for around
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Parliament will not probe 2015 bailout negotiations but issue unlikely to disappear
PoliticsGreek Politics. In recent comments clarifying his description of the preparation of so-called Plan X in his book, Galbraith... was involved in a strategy that sought to push Greece towards a euro exit, said that Plan X
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Are Chinese investments starting to hit a wall in Germany?
Agora.[x] The rapid growth of Chinese outbound investment in recent years has raised awareness in host... Volkswirtschaft um? Berlin, January 2019. [x] See: Bershidsky, Leonid: “Germany Enters the Global
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Piraeus Bank posts net profit of 185 mln in 2018
EconomyBanking2017. Net interest income (NII) rose by 2 percent quarter-on-quarter (QoQ) and came to 355 million euros. For 2018, the figure fell by 14 percent year-on-year (YoY) to 1.41 billion euros from 1.64... and leasing exposures). P&L As mentioned, NII rose by 2 percent in Q4 to 355 million euros and declined
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