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Lowest income groups in Greece saw wages drop and taxes rise most during crisis
Societyexacerbated by the fact that the tax burden on the weaker groups of the population was much heavier than..., often on incomes that had remained unchanged to were lower than before, “resulting discontent stoked
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Greek deposits fell by 7.7 bln in Feb and total of 24.6 bln since Dec
EconomyMacroeconomybroadly stable recording outflows of just 89 million in the December-February period. More than two thirds... billion euros to 71.1 billion from 69.8 billion previously. This is higher than the previously weekly
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Monthly credit flow turns positive in Feb for first time since June 2012
EconomyMacroeconomyis entirely attributed to corporate lending additions of 433 million euros, more than offsetting household... from more than 300 million in January. Consumer credit balances fell below the 26-billion mark on net
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A breakdown of the fiscal and structural reforms Greece hopes will unlock funding
EconomyProgrammethe revenues from privatisations to 1.5 billion euros for 2015, 700 million lower than the target of 2.2... of the concession. Rather than seeking what it believes would be the fire sale of assets, the government's
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Tsipras targets opposition in debate but parliament speaker steals the show
PoliticsGreek Politicsduring the discussion, which lasted more than four hours. Tsipras’s two main aims seemed... five years rather than supporting the coalition’s effort to avoid what it considers “recessionary
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Public admin shrinks by 11 pct during crisis, share of employment stays below EU average
Society, followed by the UK and France, which had declines of more than 10 percent. In the same period, 19... is proportionally more than the total employment decline. Among the nine countries that saw an increase
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Drop in building permits accelerates to 7.1 pct in Jan
EconomyMacroeconomyin 2008, more than three times the GDP contraction over this period. In contrast to other business... than 13 percent over the last four years and their current rate of contraction stands at around 3
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Unemployment rate at 25.7 pct in Jan, lowest since Aug 2012
EconomyMacroeconomya smaller improvement by more than 3.5 pp to 34.1 percent, while unemployment in 35-44 age group... improvement by more than 4pp over the past 3 months. The most recent official forecasts released
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Tax wedge for single, married Greeks well above OECD average
EconomyMacroeconomythe 34 OECD countries with the tax wedge for an average single worker at 40.4 percent. This is more than.... The OECD average tax wedge for married workers with two children is 9.1 pp lower than
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IMF sees Greek growth at 2.5 pct in 2015, debt at 172.7 pct of GDP
Economyis higher than the previously anticipated levels. The IMF retains its deflation projection unchanged.... The IMF revised upward its estimates on the overall fiscal balance by more than 1 pp for 2015 and 2016
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