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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... to be delaying payments to its workforce. These delays are occurring despite last year’s strong tourism season..., which is lower than the minimum hourly salary of 2.85 euros. The Labour Ministry data on around
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Central gov't primary cash surplus reaches 1.37 billion in first half of year
EconomyMacroeconomyshowed a 1.2 percent decline. The reversal of the year to date revenue trend is owed to the strong... at 23.67 billion euros, 236 million higher than the BoG underlying item. Interest payments on a cash basis dropped 11.9 percent to 3.17 billion euros, 1 percent higher than the budget figure. The 6-month
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After recent series of rises, economic sentiment and consumer confidence dip in July
EconomyMacroeconomyabove the 100-point mark for the second straight month, while it has improved by more than 11 points... by 1.2 points in July, falling to -51.0. This follows an improvement of more than 15 points... hiked by 2.3 points in July to 4.8, also exhibiting a strong rebound of 27.6 points since October
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Car sales up by 20.8 pct in August but rise continues to slow
EconomyMacroeconomysingle-digit increases in the fourth quarter of 2013. Passenger cars, which make up more than 80... period, spot on the country average rates. The Attica region is registering more than half...) the double-digit rebound in car sales this year mainly stems from improved consumer confidence and strong
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Greece returns to growth after long recession, GDP figures show
EconomyMacroeconomypercent. The reported figure was better than estimates (Reuters poll) of a 1.3 percent growth... thereafter. It makes up almost 70 percent of GDP and has recorded a decline of more than 27 percent.... Exports of services showed a healthy growth of 15.6 percent in Q2, mainly reflecting strong tourism
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The bad hand being dealt to Greece's next government
Agoraelections. Some will see his comments as a political intervention but Hardouvelis has a strong case... to the bailout, which will expire less than four weeks after a new government is sworn in (if the January... Liquidity Assistance (ELA) as a precautionary move. While local lenders are in much better shape than
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What next Greece?
Agorarisks are undoubtedly contained far better than they were in 2012, but that does not make them small... it is not IMF debt relief being provided, the Fund is not in a particularly strong bargaining position... of the ECB pulling the plug on Greek banks increase. In Cyprus, there were less than three weeks
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Foreign policy emerges as potential point of friction between EU and new Greek government
PoliticsForeign PolicyForeign policy, rather than bailout terms or debt relief, is emerging as the first potential point..., Independent Greeks, are also known for their strong views on national issues. Both parties favour... to George Papandreou when he was a foreign minister more than a decade ago. He is also one
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Prospect of eurozone deal calms nerves on stock, bond markets
Economyof 16.4 percent in just two days, more than offsetting the cumulative losses of 14.1 percent last week... gains to 25.8 percent. Despite the strong performance in the first two sessions of this week, bank... than half of the market turnover. Including OTE and OPAP, the trading activity in those six stocks
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Greek Q4 GDP down 0.2 pct QoQ, 2014 nominal GDP stays in recession
EconomyMacroeconomymore than 70 percent of GDP but has posted a cumulative drop of more than 24 percent since 2008.... Led by a strong growth in exports of services on buoyant tourism, total exports advanced 8.4 percent
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