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Building activity up by 36.2 pct in Nov as rebound continues
EconomyMacroeconomydrop of 27.4 percent in permits. The bulk of total building activity (more than 90 percent) is related.... At the same time, the housing non-performing loan ratio has more than tripled to 24 percent at the end of June... loans balances, which is indirectly linked to building activity, shows a drop of 9.7 billion or circa 12
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Greek deposits inch up again in June, reaching 163.21 bln
EconomyMacroeconomy(BoG). Monthly net inflows more than doubled to 1.22 billion euros in June from 558 million in May... - savings’ inflows of 229 million more than offsetting time outflows of 708 million. June’s positive...Greek private sector deposits increased 0.7 percent month on month (MoM) in June, with balances
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National Bank posts 9-month profits of 1.18 bln
EconomyBankingdeposit spread. The recovery of Greek NII reflects higher deposit and loan NII more than offsetting... percent more than offsetting a drop in state deposits by 26 percent. As a result, loan to deposit ratio..., Greek corporate and housing loan balances remained stable QoQ, indicating that new disbursements matched
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Greece sets out broad reform plan for lenders' approval
EconomyProgrammeaccount for more than half (56 percent) of total expenditure. The non-wage benefits will be reviewed... Finance Ministry target to collect more than 3 billion euros from unpaid tax obligations... smart approach to collective wage bargaining that balances flexibility with fairness. This also
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Newsletter 91 - 07/10/2016
for the debt-to-GDP ratio stands at 184.7 percent in 2017, almost 10 percentage points higher than... it possible for more than half of taxpayers to avoid exceeding the threshold, in particular farmers, fixed.... This increase largely reflects a notable improvement in the balances of extrabudgetary and social security
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Banks saw asset quality and liquidity trends improve in Q4 but process interrupted in 2017
Agorawas reduced by more than 2.2 billion QoQ to 80.4 billion euros, with the NPL ratio landing at 34.8... at a slower rate than NPLs. It declined by 1.6 billion euros QoQ to almost 112 billion, while the NPE... balances in line with their committed targets. The first step in this challenging process is certainly
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Study highlights overregulation and bad law-making in recent years
Societyto pass laws, better than their predecessors’, in order to give the impression that they are working... with grammatical errors, bad Greek or the blatant misuse of legal terminology. Overregulation, a feature
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Resignations over EU subsidy scandal deliver new blow to PM, further tarnishing image
PoliticsGreek Politicsto the farm subsidy scandal, which is emerging as a much more serious threat to New Democracy than... the theory that this was an organised and fairly blatant corruption scheme, that forced the hands
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Greece lags in basic skills for youth but improves in educational attainment
Societyearly than for native-born pupils (24.1 percent against 6.8 percent in 2015), the situation remains... of education, the survey also found, with a great proportion of third-level graduates in jobs than those... in Greece for the medium and higher educated than in the EU on average. While the employment rate
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EU elections in Greece: Applying a different scale of values
Agoraof nativism than populism, but it was still an appeal to the basest instincts in the electorate. And, while... with Velopoulos’s party. This means there has been a realignment of the far-right vote, rather than... (to stop the flow of migrants to Greece rather than out of concern for how they are treated
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