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Unemployment falls to 21.2 pct in June, lowest since Dec 2011
EconomyMacroeconomyrevised figure of 21.5 percent in May, the Hellenic Statistical Authority (ELSTAT) labour force survey... to May, to total 1 million in June. The labour force rose slightly to 4.8 million in June... percent in June from 21.6 percent in May on the back of drop in unemployed by around 75,600 to finish
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Early banks stress tests offered as Greek programme compromise
EconomyProgrammethat the SSM may “frontload” the stress tests that are due to be carried out next year so the results... be finalised in early May. This claim was also repeated by a Bloomberg source, while a Bank of Greece... to fall significantly. Developments in Germany, where the liberal FDP party may be part of the next
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An unsettling role-reversal for Greece and Germany
Agoraon authorities, lives may also be at risk. It should not be forgotten, for instance, that there have... there may be more common ground on other issues, such as immigration, security, environment... creditors to provide Greece with significant debt relief, which may be beyond what a “Jamaica
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Draft budget highlights taxpayer fatigue, creates policy mix doubts
EconomyMacroeconomyStrategy (MTFS), which was only submitted in mid-May. Since then revenues have been slipping each... of the solidarity levy. With ordinary revenues half a billion euros below the MTFS figure of May and 120... the May MTFS figure of 21.45 billion euros to 20.78 billion, raising serious questions about the ability
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Athens eyes ample cash buffer, prepares for bond swap
EconomyProgrammebeen suggested that the government may try to tap the markets for a total of 6 billion euros next... as five new fixed-coupon bonds. The maturities of the new bonds may be the same as for the existing notes... the swap may begin on November 13, with the aim of being completed before the institutions’ mission
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Mitsotakis rules out roles for relatives, Tsipras mulls way out of pension cuts
PoliticsGreek Politics” narrative may have wider relevance given reports that the SYRIZA-led coalition may be looking for a way... reported that the government is hoping that it may not have to implement the pension reductions
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Lenders wait for prior actions to be completed, Athens expects 4.5-bln tranche
EconomyProgrammeon Friday that European Union sources suggest that the final amount may reach around 7 billion euros as funds may also be disbursed for the creation of the cash buffer that will support Greece’s exit... for the institutions to play with. While the January 22 Eurogroup may decide to release more than the amount
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Coalition braces for Sunday demo, ponders impact on cooperation
PoliticsGreek Politicsstrong turnout may convince Mitsotakis that he is on the right track, especially given..., this may not necessarily lead to the government collapsing. According to reports, one of the scenarios... has of being re-elected by alienating his nationalist supporters, he may decide the least bad option
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Three in 10 workers in part-time jobs, earning less than 400 euros
Societythat up to May of last year, three out of 10 workers in the private sector were employed part-time and had an average gross monthly salary of 389.65 euros. EFKA noted that comparative data for May... as of May 2017 (47.36 euros for men and 39.21 euros for women, or a difference of 20.8 percent). For men
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Newsletter 152 -23/02/2018
to the state from May 1, the divestment of lignite units followed by the sale of 17 percent...’s Supervisory Board to meet to discuss and rubberstamp the results of the exercise in May, leaving... for May when full-time work rose marginally above 50 percent versus other types of work. During January
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