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EC sees relief measures securing debt sustainability despite poorer growth, market access prospects
EconomyProgrammebillion euros of the programme, 27.4 billion less than the initial envelope. Both DSAs assume complete... is for non-bank assets. The assumption is also that more than three-quarters of the bank recap fund... in 2060. This is roughly 60 basis points higher than the last DSA’s assumption when Greece’s
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Deadly wildfires likely to heap pressure on Tsipras and ministers
PoliticsGreek PoliticsDevastating wildfires around Athens are thought to have claimed the lives of more than 50 people... in more than a decade. Not since fires caused havoc in parts of the Peloponnese in 2007, when almost... similar questions last summer, when a vast fire burned for more than three days northeast of Athens
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Banks on track with NPE targets in Q2 as sales play bigger role
EconomyMacroeconomywas reduced by 3.8 billion euros quarter-on-quarter (QoQ) to 88.6 billion, 1.6 billion lower than the target of 90.2 billion. The NPE ratio stood at 47.6 percent in Q2, slightly higher than the anticipated.... During the quarter, corporate NPLs came to 32.4 billion euros, roughly 600 million lower than the target
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Newsletter 174 -14/09/2018
to spread out the compensatory measures it agreed with the lenders over four years, rather than implement... of measures and to talks about larger numbers (3.5 billion euros in fiscal space, for instance) than if he... the government to see out its four-year term, rather than go to triple elections (national, local
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Births rise slightly, divorces fall in latest living conditions report
Societycompared to 31 percent in 2013, although the current rate is markedly worse than the healthy years.... There were slightly more deaths than births between 1998 and 2003, though deaths did not exceed births by more than 2,661 (recorded in 1996). The trend was reversed in 2004, before deaths began
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Car sales drop by 0.8 pct in September
EconomyMacroeconomy. September’s figure is the first time since May 2017 that car sales figures have declined rather than... of 77,675 car sales was recorded. Although the overall rise in car sales in 2017 was higher than that for 2016 (+11 percent), and higher than 2015 (+13.5 percent), it remained less than half
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Hirings balance positive by 6,556 in September but momentum slows down year-on-year
EconomyMacroeconomyThe employment balance returned to positive territory in September with 6,556 more hirings than... for the year so far, and revealed that the majority of firings were layoffs rather than voluntary... noted in the 15-24 years age group, where 22,606 more people were fired than hired, and in the 64
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Newsletter 179 -19/10/2018
, slightly lower than the 9.6 percent growth seen in March. In nominal terms, the Greek economy grew by 2.1... than the initial nominal growth estimate of 9.9 percent. According to the latest data, the Greek... territory in September with 6,556 more hirings than departures, data from the Labour Ministry’s Ergani
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Car sales rise by 19.2 pct in October
EconomyMacroeconomy. September’s figure was the first time since May 2017 that car sales declined rather than went up... in 2017 was higher than that for 2016 (+11 percent), and higher than 2015 (+13.5 percent), it remained less than half of the record high of 372,892 vehicle registrations in 2007. A contributing factor
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Apartment prices up by 2.5 pct in Q3 as recovery trend continues
EconomyMacroeconomyhas contracted by more than a quarter since the end of 2010. The household lending sector’s negative... than that for 2016, it remains around 86 percent lower than the peak of 95,730 permits issued in 2005. The majority of building activity centres around refurbishments of old properties rather than new
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