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Disposable income rises slightly in Q4 for first time since Q3 2014
EconomyMacroeconomysecurity contributions. Over the last seven years, disposable income has been slashed by 36.6 percent... and landed at 15.75 billion. Since 2009, compensation of employees has recorded a nosedive of 32.8... quarter and stood at 14.61 billion in Q4. This item has declined by 27.5 percent over the last seven years
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Tsipras rallies ministers and MPs before multi-bill arrives
PoliticsGreek PoliticsThe multi-bill containing the measures the government has agreed with the lenders is due... “undoubtedly positive.” This will be music to Tsipras’s ears as the government has been trying... that any MPs from the ruling party will now turn against the agreement. Tsipras has also decided to use
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Ankara directs ire at Athens over ruling on soldiers as Cyprus talks drift
PoliticsForeign Policyrequest for the men, which it has branded traitors, in January after Greece's top court ruled... activity in the Cypriot EEZ has coincided with reports in the Turkish Cypriot press according to which... further pressure on the Cyprus Republic ahead of hydrocarbon exploration in July. UN role There has been
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Ahead of vote, Tsakalotos appeals to SYRIZA MPs with positive message
PoliticsGreek PoliticsThe government has made a last-minute bid to secure the votes of all 146 SYRIZA MPs in the upcoming... the government and the institutions, Finance Minister Euclid Tsakalotos has attempted to ensure... for personal incomes, which is scheduled to apply from 2020 unless Greece misses its fiscal targets and it has
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Newsletter 119 - 19/05/2017
MPs to support the multi-bill, the measures adopted are deeply unpopular and that this has already.... The government still has its eye on joining the QE programme as soon as possible despite the comments from ECB... (the government has already picked Rothschild & Co as its adviser). The prime minister also claimed
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China's bumpy road to Greece
EconomyFeatureshas found itself a potential ally in China. China wants to strengthen its foothold in Europe... and a year of cultural exchange has also been launched. Chinese investment One of the private.... The world’s largest coal producer, Shenhua Group has signed a renewable energy deal with Greek
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IMF hints at flexibility as debt relief talks continue
PoliticsGreek PoliticsThe terrorist attack on former Prime Minister Lucas Papademos in Athens on Thursday has drawn... it has a clear advantage over SYRIZA. The incident overshadowed the ongoing efforts to overcome... primary surplus targets of less than 3.5 percent of GDP after 2022. There has been no clear indication
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Tsipras in tight spot over debt deal but QE access may hold key to compromise
PoliticsGreek Politicsthe programme. Tsipras has slightly limited his options at home by declaring before the vote... but with the IMF not returning to the programme with funding until the debt relief issue has been settled... the markets, starting with a test bond issue this summer, would still be alive. The ECB, however, has set
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Economic sentiment down 1.7 pts in May, consumer confidence up for second straight month
EconomyMacroeconomyand stood at -69.7, its highest reading since January. However, consumer confidence has dropped by 5.3... is the lowest reading since May 2016. Since the beginning of the year, this indicator has declined by 4.7.... Over the last 12 months, the biggest improvement of 22.9 points has been recorded by the services
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Another Eurogroup for Greece where all options fell short
Agora, an agreement that “would convince markets the debt has been addressed on a permanent basis... warning sign came from the man who, since 2011, has been tasked with preparing these gatherings, Thomas Wieser, who has about a decade’s worth of Eurogroups under his belt. “So the implementation
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