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  1. Turnover in services sector shows improvements in Q4 2017
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    on both a quarter-on-quarter basis, and to a lesser extent, on a year-on-year basis. Across the sectors... in the current quarter compared to declines in six sectors noted in Q3. The three largest year-on-year falls were noted in publishing activities (-19.8 percent), followed by cleaning activities (-7.2

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  2. Athens under intense pressure over fourth review reforms
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyProgramme

    that the measure will have to be implemented next year, along with the pre-legislated pension cuts, if Greece... that the Greek economy grew by 1.4 percent last year, when it beat its fiscal target, and is expected to increase by 2.5 percent this year, putting the 3.5 percent of GDP primary surplus goal well within

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  3. Tsipras suffers setbacks in bid to build momentum ahead of MoU exit
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    a comeback. The option of snap elections this year would have the added bonus of not having to go... percent of GDP in 2019. However, a series of developments since the start of the year have prevented... on Monday that Tsipras has now given up on the idea of snap elections later this year and is focussed

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  4. Job hirings outpace departures by 55,494 in March
    Photo by Gerasimos Domenikos/Fosphotos

    EconomyMacroeconomy

    months of the year, full-time employment showed a slight increase to 46.7 percent, compared to 40 percent for part-time work and 13.3 percent for shift work. For the aggregate period last year, full-time... and entertainment (-144). In the first three months of the year, a total of 55,580 more hirings than

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  5. Tsipras fends off election rumours, Mitsotakis talks up moderate qualities
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    meeting, Tsipras insisted that the coalition will see out its four-year term, which ends in September... officials it is thought, who prefer for the vote to be put off until next year so that the economy has more...’s lead may be enough to convince Tsipras to call snap elections this year rather than wait until

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  6. ECB report highlights sluggish Greek economic growth
    Photo by Panayotis Tzamaros/Fosphotos

    Economy

    prices increased by 8.6 percent. Compensation per employee in Greece declined by 0.9 percent year-on-year in 2016. Although this is an improvement on the contraction of -2.3 percent in 2015, it is still... double the eurozone average of 1.76 percent. Exports rose by 6.8 percent year-on-year against an EU

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  7. PM tries to halt election speculation as poll gap widens
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    . Officially, the government insists that elections will happen at the end of its four-year term... options that Tsipras is thought to be considering are calling snap polls later this year so he can... year and calling elections either at the same time as the European Parliament vote in May or soon

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  8. Over one in five Greeks struggled to make ends meet in 2017
    Photo by Panayotis Tzamaros/Fosphotos

    Society

    percent. Before this, the rate fluctuated between 11 percent and 19.5 percent. The year... plummet since the advent of the financial crisis. Earlier this year, figures from the Unified Social Security Fund (EFKA) showed that up to May of last year, three out of 10 workers in the private

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  9. Mitsotakis scoffs at coalition's MoU exit strategy, challenges PM to elections
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    Kyriakos Mitsotakis has challenged Prime Minister Alexis Tsipras to call snap elections this year... of a general election later this year. “If SYRIZA and ANEL (Independent Greeks) mean all... being inspected three to four times a year by European officials rather than just twice

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  10. Trade deficit falls by 23.1 pct in March on growing exports, falling imports
    Photo by Angelos Christofilopoulos/Fosphotos

    EconomyMacroeconomy

    in March rose by 8.5 percent year-on-year (YoY) while imports fell by 5.5 percent. The corresponding... for the first three months of the year year showed a YoY fall of 17.9 percent in the trade deficit

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