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Drop in corporate loan rates led the average loan rate at a new historic low
EconomyMacroeconomyGreek households’ new time deposit rate remained at 1.81 percent in June unchanged from... outflows of around 43 billion since December, the rate on new time deposits was kept stable over..., the time deposit rate climbed to 5 percent amid strong competition mainly led by the smaller banks
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Poverty rate rises in 2021; even after social transfers 1 in 4 children are at risk
Societyin third by Spain at 27.8 pct. The material deprivation rate has also dropped in 2021 to 29.2 pct in 2021... low. The risk of poverty threshold has dropped to 5,251 euros, from 5,269 euros annually per person... exclusion has dropped below three million at 2.97 million people, or 28.3 pct of the population, down from
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Newsletter 333 - 01/04/2022
with the electoral scheme and holding a vote before his four-year term is up seems a natural reaction to recent... to an acknowledgement that he was becoming unpopular. Androulakis has been prodded both by New Democracy and SYRIZA... summer to mitigate against price hikes. The government has made a conscious choice to avoid a major
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Newsletter 492 - 23/01/2026
holding 157 seats, the government needs at least 43 opposition lawmakers to back the plan. Of course... as a modernisation effort, the initiative has political implications: New Democracy performed strongly... by Tempe campaigner Maria Karystianou, adds further uncertainty. Her early momentum has been dented
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Newsletter 418 - 29/03/2024
limiting the scope of the parliamentary inquiry, has created a sense among voters that New Democracy... be interpreted as guilt by association - hence the appeal to stability, which New Democracy has identified... for the government in this respect. There has also been competition between the opposition parties in recent days
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PASOK pushes back against PM's refusal to tax excess bank profits
PoliticsGreek Politicsthat the government expects much from Greece’s lenders but that it has no plans to impose an extra... that his government is aiming to convince Greece’s European partners and the markets that the country has “left behind its difficult years.” The PM said that the government has to explain to citizens
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Rate of credit contraction edges up to 1.6 pct in Oct
EconomyMacroeconomydeductions of 12 million in October and 94 million year to date. The rate of contraction in loans... this period. The biggest decline has been posted in consumer credit (-27.2 percent) followed by corporate... issues to be included in the next set of milestones the government has to implement by mid-December.
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Industrial production grows by 0.5 pct in October, slowest rate for 2017
EconomyMacroeconomyon Monday. In the year so far, the IPI has remained steadily in positive territory, although the latest headline figure is the lowest rate of growth noted. The increase in the overall index was driven... to date, industry confidence has improved by 1.2 points. Additionally, the Markit Manufacturing PMI
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Growth of industrial production accelerates to 8.4 pct in June, highest rate for 2022
EconomyMacroeconomyAuthority (ELSTAT) data released on Wednesday. The index has now grown in four out of first six months of the year, and has been on a general recovery trajectory since November 2020. This is also the highest annual growth rate of 2022. Month-on-month (MoM), the index recorded a rise of 3.2 percent
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Fiscal targets and tax cuts on agenda as Staikouras meets Regling
PoliticsGreek Politicsproperty tax, a basic tax rate of 9 percent (down from 22 percent) and a top rate of 42 percent (down from... through switching to digital services and holding back the reduction in VAT rates to 2023. Also... to sway the creditors remains to be seen. So far, there has been no indication from the European lenders
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