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Banks try to build on growing confidence
EconomyBankingwill support the country’s four banks in managing the NPEs of more than 300 Greek SMEs through... percent to 37.2 billion from Q2 2017 until the end of 2019, higher than the previous target by 2.2
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Building permits up by 4.4 pct in May and 5.3 pct in first five months
EconomyMacroeconomy, the absolute number of permits came to 13,847. Although this is higher than that for 2016, it remains around 86 percent lower than the peak of 95,730 permits issued in 2005. The most recent quarterly Bank
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Tsipras bids farewell to MoU, eyes new start for Greece and SYRIZA
PoliticsGreek PoliticsAlexis Tsipras delivered on Tuesday his long-awaited speech to mark the end of Greece’s third bailout, suggesting the country has a chance to make a new start after completing more than eight years... on Tuesday and made numerous references to Odysseus’s journey in his speech, which lasted less than eight
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Focus turns to first post-MoU visit by creditors and talks on pension cuts
EconomyProgrammeapplications are being addressed at a faster rate than in the past. According to the minister, around 70... by Prime Minister Alexis Tsipras at the Thessaloniki Expo in less than three weeks. This will all
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Tsipras conducts varied reshuffle in further bid to revitalise coalition
PoliticsGreek Politicsthat turned out to be much more difficult than it expected. It is unlikely, though... he can win back support than Tuesday’s cabinet changes. Recent developments, though, mean that he
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Mitsotakis plans cuts to pension contributions, aims to add private element to system
PoliticsGreek Politics-based so that those who work longer get larger pensions than those who work less. Also, he said... their contributions and see what interest they earn, rather than worrying about whether they will receive any
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Unemployment at 19.1 pct in June, under 20 pct for second month
EconomyMacroeconomythan hirings during the month, turning negative after five months of positive employment balance in the Greek job market. In the aggregate period, the employment balance showed 289,561 more hirings than
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Tsipras confident on pension cuts, reticent on snap elections
PoliticsGreek Politicsfiscal pain than previous governments. Next elections In his interview, Tsipras insisted that he would like the government to see out its four-year term, rather than go to triple elections (national
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Unemployment rate falls to 19 pct in Q2
EconomyMacroeconomyacross all age groups in Q2. The rate among the 15-19 year age group once again declined faster than... percent were not registered at the public employment office (OAED), while less than 10 percent reported
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Budget primary surplus at 3.14 bln in August as revenues grow and spending falls
EconomyMacroeconomybillion, lower than the target by 304 million. PIB PIB revenues came to 98 million in August from 89... a deficit of 42 million in the first eight months of the year, 757 million better than the target.
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