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OECD report highlights stress on Greek middle class during crisis
Societyfaced by the middle class globally has shown that overall this sector of society has seen its... decades, the middle class in several OECD countries has faced a number of challenges. Since the global financial crisis of 2008, the report found that the middle class has grown at a slower pace
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Athens eyes multiple benefits from joining China-backed 17+1 initiative
PoliticsForeign Policy, European and African countries. Greece has had its eye on membership of this group for some time... to Brussels, as well as Berlin, which is one of the European capitals that has not hidden its... the various problems that COSCO’s investment in the port of Piraeus has encountered. A multi-billion-euro
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Mitsotakis seeks inspiration from Cyprus as SYRIZA faces domestic mire
PoliticsGreek Politicsin Greece, at least in terms of economic recovery. In fact, Misotakis has pledged to increase Greece’s.... Under Marinakis’s ownership Ta Nea has been strongly critical of the government but he denied... and stressed that he has not used his shipping, media or sports businesses to vie for public contracts
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Disposable income rises by 1.7 pct YoY in Q4, final consumption grows 1.4 pct
EconomyMacroeconomyStatistical Authority (ELSTAT) data released on Wednesday. The YoY change in disposable income has... on social contributions. Since 2011, disposable income has fallen by 14.4 percent, or by 5.06 billion... has fallen by 13.2 percent over the last seven years due to a sharp rise in unemployment, along
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Debt relief measures move ahead as Athens prepares to use fiscal space
EconomyProgrammeGreece has received the green light for the latest round of debt relief measures and is set to move ahead with plans to repay part of the loans it has received from the International Monetary Fund... as some eurozone national parliaments means that the payment is likely to be made in July. The IMF has
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Tsipras set to unveil tax cuts as MPs prepare for confidence vote
PoliticsGreek Politicsover benefits for disabled Greeks. New Democracy has for several months now identified the temperamental Polakis as a weak link in the government but Tsipras has stuck by him, even spending time... support for Polakis is that the party has to remain united in the run-up to national elections
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Tsipras, Mitsotakis cast gloves aside as pre-election fight gets personal
PoliticsGreek PoliticsThe political battle ahead of the European and local election on May 26 has taken a bitter... lines the government has tried to place between itself and the graft of the past are an illusion. He... that Katerina Panagopoulou has been a special adviser to the prime minister on diaspora issues for the last
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Unemployment for Feb comes to 18.5 pct
EconomyMacroeconomylast year, the unemployment rate came to 20.6 percent. Unemployment has continued to slowly fall over.... Between October 2018 to February 2019, the rate has hovered around 18.5 and 18.6 percent. During... million unemployed in September 2013, unemployment has declined by around 35.3 percent. The overall
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Tsipras, Mitsotakis tone down personal attacks but intensify clash over policies
PoliticsGreek Politics, without giving any further details. He said that this means he has nothing to apologise about. Working... has repeatedly tried to portray the New Democracy supremo as being indifferent to the plight..., the government is certain to use this issue in the remaining two weeks of the campaign, just as it has done
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Banks focus on reducing NPLs linked to property
EconomyMacroeconomyin particular has emerged as a key sector, supported by recent changes in the legislative framework... for this year, the bank notes that it has a total of 3.9 billion euros-worth of transactions lined up... plans and real estate valuations performed for the majority of debtors and has the potential to increase
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