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Disposable income grows by 0.2 pct in Q2 on higher remuneration, consumption rises
EconomyMacroeconomyhas been reduced by 28.5 percent, or by 11.64 billion, reflecting elevated unemployment, a rise... rise of 0.2 percent, and stood at 15.36 billion. Employee compensation has fallen by 26.8 percent over... declined by 0.7 percent year-on-year to come to 1.89 billion. Since 2010, property income has plummeted
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Focus back on remaining prior actions after mission chiefs' visit
EconomyProgrammeto the completion of the third review. Kathimerini claims that it has been agreed that the issue... at the end of the year. The other fiscal-related matter that has to be settled, but before the end... a close eye on electronic auctions, which the government has promised to launch by early December
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Deal seen on energy liberalisation as third review SLA edges closer
EconomyProgrammereview has been settled. The Greek government and the European Commission have been in negotiations... that the matter has now been decided and that a deal has been reached between Athens..., the government will then have until late January to legislate and adopt all the relevant measures to conclude
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Reshuffle scenarios resurface for Tsipras after ministers resign over rent subsidies
PoliticsGreek Politicswas approved by opposition parties, as the coalition has been keen to stress. The subsidy was available only... he has been mulling for the last few months. There had been expectations late last year that changes...-related remarks. Over the last few months, there has also been speculation that Tsipras will replace
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Athens hopes for next bailout tranche as first phase of review talks conclude
EconomyProgrammethat it has done enough to secure the next bailout tranche, bringing the third review to an official...-free threshold in 2019 rather than 2020. Instead, the focus has been on identifying which of the 88... has made the task extremely difficult. Athens had been due to deliver on this prior action by the end
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Finance Ministry waits for new property values as talk of bad bank gathers pace
EconomyProgrammedebts from Greece’s lenders has been around for several years but has stumbled on the capital... in the second half of last year, Greece still has by far the highest ratio of bad loans in the EU. According... to private funds. However, the European Commission on March 14 presented a package of measures
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Which way to the exit?
Agorainto the domestic political bear pit. Alexis Tsipras has every reason to be concerned about ensuring his..., with the figure in 2020 and 2021 as low as 3 billion euros. It worth noting that Greece has committed... nearly a decade that has been so emotionally charged it is not easy to switch to a pragmatic
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Report on PPC’s viability ruffles feathers and shakes share price
EconomyFeaturescategories of customer. PPC has been struggling for several years now and was one of the main focuses... figure of 170.2 million. The firm, which is 51 percent owned by the Greek state, has performed..., a move that has been heavily opposed by workers’ unions. McKinsey’s report emphasises
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Coalition back-and-forth over name deal belies election strategy
PoliticsGreek Politicsa hard stop for the coalition. Kammenos has made it clear that he will not vote for the agreement, which...) to ratify the name deal. Prime Minister Zoran Zaev has promised to hold a referendum. It is not yet clear... Parliament. Pensions New Democracy would prefer elections to take place sooner, before Tsipras has time
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Exclusion from QE confirmed, only ECB's reinvestment programme left
EconomyProgrammebillion until the end of the year when net purchases are expected to end. The ECB as of June 2018 has...-lived as the scheme would conclude in a matter of months Greece has just over 50 billion euros... to interbank repo markets. Eurosystem funding has dropped from 126.6 billion in June 2015.
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