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PM tries to contain Covid confusion as protests on education and lockdowns intensify
PoliticsGreek Politicsheadquarters. Reaction to the bill, which is due to be voted on Thursday, has been strong among student... which arouse strong public opposition cannot be properly debated due to the pandemic... in the day, the owners of catering businesses met in Syntagma square to drop the keys
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Draft budget for 2026 sees growth accelerating to 2.4 pct, tax collections remaining strong
EconomyMacroeconomya stable growth trajectory and a strong budget performance led by tax revenues, notably indirect taxes... tax will have a minor drop to 15.76 billion euros and corporate taxation will rise to 8.66 billion... pct of GDP. The stock of debt will continue to drop, seen next year at 359 billion euros at general
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Drop in industrial production accelerated in November with 6.1 pct decline
EconomyMacroeconomyThe drop in the Industrial Production Index (IPI) accelerated in November to 6.1 percent following... percent), July and August recording the highest drop (7.6 – 7.8 percent), while the other monthly readings showed a mid-single digit drop. IPI has only had only four positive year on year (yoy) readings
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Greek C/A deficit shrinks by 17 pct in April as imports drop faster than exports
EconomyMacroeconomypercent respectively. In absolute numbers though, the drop in imports was higher than that in exports... of a double digit rise in receipts (+16.3 percent) and drop in the corresponding payments (-12.3 percent). Higher travel receipts are fully attributed to a continued strong rise in non-residents’ arrivals
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Greek Q4 GDP QoQ drop revised to 0.4 pct, 2014 growth at 0.7 pct
EconomyMacroeconomyin the last nineteenth quarters (since Q1 2010). The largest drop in the quarterly economic.... During the crisis years, the biggest nosedive (-8.3 percent) was posted in 2011, followed by a drop... a cumulative drop of almost 22 percent since 2008. This mainly results from a nosedive in disposable
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Retail sales slip 0.1 pct in Dec, drop of 2.8 pct in 2015
EconomyMacroeconomyThe turnover of Greece’s retail trade index eased 0.1 percent in December after a revised drop..., following a drop of 4.4 percent in November. The full year figure points to a contraction of 1.4 percent... in supermarkets (-5.2 percent) and electrical and household equipment (-4.8 percent). On the flipside, strong
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Budget primary surplus hits 1.74 bln in 4-month, beating target on strong underspend
EconomyMacroeconomyreflects strong underspend, with primary expenditure coming in 1.19 billion lower than target... the target. Following the drop in April, primary expenditure edged down by 1.2 percent to 13.04 billion euros in the 4-month period, implying a strong underspend of 1.19 billion compared to the target of 14.23
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Jobless rate falls to 10.2 pct in Mar amid expectations for strong tourism
EconomyMacroeconomy, amounting to 492,867, a sizable 8.8 percent drop. Unemployment has fallen again below the half million..., a drop of 1.5 pps year-on-year. Youth unemployment dropped by 3.7 pps year-on-year to 21.1 percent... Ministry’s Ergani database showed that Greece’s employment balance was strong in March, with 63,689
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Final 2026 budget foresees stable growth and strong tax performance
EconomyMacroeconomyslightly accelerating, a strong fiscal performance and a downward trajectory for the debt-to-GDP... euros. The debt will drop to 359.3 billion euros, from 362.8 billion euros this year and the general..., with T-Bills lower at 7.1 billion euros, from 8.1 billion. Loans will drop to 230.21 billion euros
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What Dijsselbloem didn't say
Agorathe Greek government condemned his remarks as being “unhelpful.” The Dutch finance minister, who may... MEP Ernest Urtasun. “Solidarity comes with strong commitment and responsibility,” he said, insisting... stop pretending it is a selfless act of solidarity. While we’re at it, we should also drop
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