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  1. Newsletter 141

    Newsletters

    lower than initially thought at 20.77 billion and 27.39 billion, respectively. Tax refunds are seen at 3.65 billion, significantly lower than the 5.58 billion of 2017. Expenditure next year

    5%

  2. One in two Greeks thinks life was better 50 years ago, poll suggests
    Photo by Panayotis Tzamaros/Fosphotos

    Society

    as lower life expectancies and lower material wealth. Despite this, respondents in several countries

    5%

  3. Unemployment rate continues decline to 20.5 pct in September

    EconomyMacroeconomy

    lower than one year ago and represents the second consecutive month since October 2011 where... unemployment at 21.9 percent for 2017, lower than the OECD which expects the jobless rate to settle at 22.2

    5%

  4. Newsletter 143

    Newsletters

    items, NPE stock was reduced by 2.7 billion euros QoQ to 99.1 billion, which is 796 million lower than.... This is 135,161 lower than one year ago and represents the second consecutive month since October 2011 where

    5%

  5. Despite cuts, pension system still at risk due to old-age dependency
    Photo by Panayotis Tzamaros/Fosphotos

    Society

    countries, pensioners over 65 were found to have an average income which was around 12 percent lower... percentage points lower, respectively, than the average poverty rate. In Greece’s case, this may point

    5%

  6. Total overdue tax obligations rise to 100.74 bln, up by 1.19 bln in November
    By Panayiotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    , slightly lower than that for the same period last year (68.7 percent). Corporate income tax due rose.... On an aggregate basis, the rate was much lower and came to 11.1 percent, tied to revenues of 45.6

    5%

  7. Manufacturing wage cuts were turned into profit, GSEE study claims
    Photo via Flickr https://flic.kr/p/3pyqsB

    EconomyFeatures

    A study by the General Confederation of Greek Workers (GSEE) has stated that lower wages during the crisis resulted in greater profit margins for companies rather than lowering prices. Wage... that reduced costs of manufacturing were not passed on to the market in the form of lower prices, but were

    5%

  8. December current account deficit at 1.24 bln on falling services balance
    Photo by Giannis Papanikos/Fosphotos

    EconomyMacroeconomy

    . This was mainly caused by lower net travel receipts. In December, while travel receipts rose by 0.8 percent... payments, leading to a services balance of 10.7 million, which is 34.5 million euros lower than

    5%

  9. Eurosystem funding drops by 4.58 bln in January, banknotes in circulation fall
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    programme was agreed. The majority of this fall (69.34 billion) comes from a lower reliance on ELA... of the waiver on Greek government securities along with the lower haircut applied on ELA collateral

    5%

  10. Eurosystem funding drops by 2.80 bln in February, led by ELA reduction

    EconomyMacroeconomy

    . The majority of this fall (71.71 billion) comes from a lower reliance on ELA funding. The decline... government securities along with the lower haircut applied on ELA collateral, participation of Greek

    5%