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Greek trade deficit plunges by 24.2 pct in May
EconomyMacroeconomyAfter rising in the preceding two months, Greece’s trade deficit plunged 24.2 percent in May, according to the Hellenic Statistical Authority (ELSTAT). In absolute terms, trade deficit stood at 1.3 billion in May, which is the second lowest reading so f...
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IMF reveals its list of priorities for Greek bailout negotiations
EconomyProgrammeIn its Article IV Consultation with the eurozone, the International Monetary Fund identifies contagion from events in Greece as a downside risk next to a number of factors ranging from geopolitical tensions and market volatility to slowdown in emerging ...
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Greek household income falls almost 30 pct in 8 years, finds OECD
SocietyHousehold disposable income fell by 27.5 percent per capita in Greece from 2007 to the first quarter of 2015, bucking the trend in the world’s leading industrialised nations, where the figure went up by 8.13 percent. According to data published earlier ...
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Key factors to look out for when Greek election results come in
PoliticsGreek PoliticsGreece goes into Sunday’s elections with SYRIZA the bookmakers’ favourite to win the vote but there is still substantial uncertainty about how events could play out from Monday. We have identified several key points to look out for once the results come...
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Ministry of Finance - 2016 Draft Budget (in Greek)
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Ministry of Finance - 2016 Budget (in Greek)
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Addressing some misconceptions about Greek budget revenues and unpaid taxes
AgoraThe evolution of budget revenues and unpaid taxes are among the main topics of discussion in the context of Greece's fiscal consolidation but are also often open to misinterpretation. In 2015, a year marked by political turmoil, lengthy negotiations wit...
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High unemployment, falling wages damaged sustainability of largest Greek pension fund
EconomyMacroeconomyEmployees insured with IKA, the largest main social security fund in Greece, lost more than 10 billion euros in annual wages over the last 5 years, according to the Federation of IKA employees (POSE-IKA). At the same time, their annual social security c...
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EC sees resilience in Greek economy, urges additional measures in 2016 and 2017
EconomyIn its winter economic forecasts published on Thursday, the European Commission (EC) aligned its GDP estimates with those incorporated in Greece’s 2016 budget calling for GDP growth in 2015 and contraction of 0.7 percent in 2016. The previous EC estimat...
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Greek teenagers' behaviour charted
SocietyOf the one in four Greeks teenagers aged 15 who say they have had sexual intercourse, most say they or their partners used condoms or other contraceptives on the last occasion, a survey on adolescent friendships and activities has found. Conducted by th...
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