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Disposable income rises by 4.1 pct YoY in Q3, final consumption grows 1.8 pct
EconomyMacroeconomyStatistical Authority (ELSTAT) data released on Thursday. The YoY change in disposable income has... of 0.4 percent in social contributions. Since 2011, disposable income has fallen by 17.2 percent.... Employee compensation has fallen by 14.8 percent over the last seven years due to a sharp rise
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Unemployment rate at 18.5 pct in Nov as jobless drop below 900,000
EconomyMacroeconomy, the unemployment rate came to 21.1 percent. Unemployment has continued to slowly fall over the last... reached 3.87 million people, marking the seventh time that the figure has exceeded 3.8 million since.... This figure has been in decline since the high of 31.6 percent in May 2013. The unemployment rate
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Primary residences and lignite units top agenda ahead of Eurogroup
EconomyProgrammerelated to the post-bailout commitments the government has to complete. The European Commission is due... pressure to show progress on a number of fronts. One of the key issues that has to be resolved is what... seems to be that SYRIZA has suggested a three-step process for addressing non-performing mortgages
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Banks and government inching towards new framework to protect primary homes
EconomyProgrammeindicated that all those involved agreed that there has to be an agreement in the coming days..., the idea of a horizontal haircut for non-performing mortgages has been dropped. Instead, the scheme... homeowners have to repay each month. It has set aside 150 million euros this year for this purpose
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EU officials suggest frantic days ahead for Athens until March 11 Eurogroup
EconomyProgrammeon February 27 “is likely to say that Greece has not completed the agreed reforms.” The unnamed official... the courts hear the cases in question. APS The Finance Ministry has also sent another proposal to Brussels...’ balance sheets. This has to do with the scheme that was put together by the Hellenic Financial
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Athens adjusts foreclosure framework, waits for lenders to give green light
EconomyProgramme. The draft law, which has been sent or will be sent this weekend to the institutions, also requires a sign... that Greece has not yet fulfilled all its pledges. But he expressed confidence that the outstanding... result on the 27th is that they'll have a report that says Greece has done an awful lot of work,” he
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Primary surplus targets become part of main political agenda ahead of elections
PoliticsGreek PoliticsThe issue of Greece’s primary surplus targets has come back into the country’s political debate... overperformance, rather than redistributing it, as the current government has done over the past... cuts but by also taking into consideration that the budget has overperformed over the past years
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Greece attracts strong interest and yield below 4 pct for first 10-year bond since 2010
EconomyThe positive sentiment around Greek sovereign debt, which has been evident since the turn.... The yield of the previous such issue in March 2010 was 6.3 percent. Greece has not seen yields of below... of its annual issuance target and has a substantial amount of new cash to be added to its cash buffer
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PDMA releases details of 10-year bond, highlighting strong interest
EconomyGreece’s Debt Management Agency (PDMA) has provided the details of the country’s second bond... of the previous 5-year issue roughly a month ago. The PDMA notes that the new 5-year has performed well during its first month of trading and since issuance the yield has dropped by nearly 1
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Building permits down by 7.5 pct in Dec but up by 10.3 pct during 2018
EconomyMacroeconomypercent while volume increased by 21.8 percent. Greece’s construction sector has remained subdued... has surpassed the total for 2017 by 1,478 permits. However, the total for the year is roughly 84... interest, meanwhile, has been slower to pick up as Greeks face ongoing capital control restrictions
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