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Can Greece learn to love renewable energy?
EconomyFeatures&language=en-US [6] http://energytransition.de/2016/06/the-evolution-of-renewable-energy-sources-res... to an estimated 8.1 million jobs (direct and indirect).[1] Driving past the wind turbines in the Greek... panels.[6] Despite this, the positive outcome was that Greece is second only to Germany in terms
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Greece’s embattled commercial steel market industry braced for more challenges
EconomyFeaturesand Chinese steel imports to curb the effect of cheap steel on European prices.[1] The fallout from... that the decline in domestic demand aggregated at around 65-75 percent.[6] One obvious factor behind... blamed on price volatility of raw commodities. [1] https://www.ft.com
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IMF far more pessimistic than eurozone on Greek debt, urges significant relief
EconomyProgrammeof 6 percent, which is consistent with a risk-free rate of 1-1.5 percent plus a risk premium... by 4 bps for every 1 percentage point decline or rise in the debt ratio, but in any case... grace extensions until 2040, which means an extension of the current grace periods from 6 years
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UN steers clear of Cyprus blame game as focus moves to hydrocarbons
PoliticsForeign Policyof blocks 1, 6 and 7 of Cyprus’ EEZ, to the west and southwest of the island. The effective dates... in blocks 1, 6 and 7, while the Cyprus Republic's right to conduct hydrocarbon research has been
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Alpha Bank makes loss of 52.9 mln in Q2, reaching profit of 12.3 mln in H1
EconomyBankingthe 1 billion euro Jupiter portfolio of SME loans secured by real estate and the Mercury portfolio... million). Smaller increases were noted in mortgages (+15 million) and consumer loans (+6 million... to TLTRO-II, and 6 million from reduced ELA costs. On the asset side, lower average loan balances
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NBG reports full year net profits of 50 million euros from continued operations
EconomyBankingNational Bank of Greece (NBG) reported a net profit of 1 million euros from continued operations... of around 6 percent of the outstanding principal amount, adding roughly 18 bps to the CET1 ratio... million in Q3. For the year, the figure showed a loss of 14 million compared to a loss of 6 million
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General govt primary cash surplus at 1.98 bln in March, arrears rise by 62 mln
EconomyMacroeconomyof the total debt. In the other underlying subcategories, T-Bills edged down by 6 million to 15.27... of the total. Bank of Greece lending edged down by 1 million in March and came to 2.38 billion, representing under 1 percent of the total. Guarantees The stock of gg guarantees fell by 122 million
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Athens hopes lower bond yields strengthen case for reducing fiscal targets
EconomyProgrammebelow 2 percent and the yield of just 0.15 percent for the rollover of 6 months T-bills, he argued... of the official sector debt from the eurozone are around 1 percent. This has allowed interest payments to average... of a risk-free rate below 1 percent and 380 basis points (bps) risk premium for Greece. Over time
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OECD forecasts unemployment increase into 2021
EconomyFeaturesthe single hit scenario, Greece’s employment growth is set to fall by 3.5 percent this year and by 1... of 6 percent across 26 European countries. Jobless projections Meanwhile, the research arm... that unemployment is set to rise under three scenarios presented. Scenario 1 anticipates a GDP
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Labour compensation and productivity in the EU-27 and Greece
Agorathat of hiring in the private sector. Blog 6 compared average productivity growth per employee... in the EU-27 and in Greece, and linking this to wages. In blog 6 we noted that measuring productivity... measures need to be the same as real GDP for the entire economy.[1] Gross value added, as measured
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