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Drop in disposable income accelerates to 3.3 percent in Q3
EconomyMacroeconomyby more than 1 billion from last year. The recorded decrease largely reflects a rise in the payments of social contributions by 8 percent coupled with a nosedive in revenues of other current transfers... 8 percent in Q2. Net borrowing also eased to 708 million euros in Q3 from 1.19 billion a year ago.
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Commission sees lower Greek financing needs, provides timetable for course of programme
EconomyProgrammedisbursed last August, 2 billion in November and another 1 billion in December. In addition, another... of 2016 to reach 8 billion by August 2018. Cash primary surplus would reduce financing needs by 2.5... of 2 billion will be used for state deposit financing. Finally, for the first 8 months of 2018
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IMF argues case for further reform of pension system
EconomyProgrammepercent that outweighed offset a decline in the average pension by 8 percent between 2010 and 2015... below the eurozone average figure of 8 percent. This is an indication that the social security system... rules to existing pensions, which could deliver savings of 1 percent of GDP in the medium-term
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Stocks dip by 0.2 pct, lack of trading activity continues
Economy(-0.3 percent) over the last two weeks. The top outperformers this week included Ellaktor (+8 percent... of 2016 results, which were initially due on March 8. The new date will be announced in due course.... The bank expects the transaction will slightly enhance its third-quarter pro-forma Common Equity Tier 1
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Current account surplus at 1.57 billion in July, pushed by services balance
EconomyMacroeconomyworsened by 180 million euros to 1.22 billion from 1.04 billion a year ago. Exports rose by 8 percent.... This was driven by an increase of 1 billion euros in the services balance, and improvements in the primary... by 6.4 percent to 7.04 billion, fully reflecting a rise in foreign arrivals by 8 percent. Travel
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Deliberations over primary residence bill set to delay green light from Eurogroup
EconomyProgrammeThe chances of Greece securing the eurozone’s approval for almost 1 billion euros in debt relief... the April 8 Eurogroup in Bucharest. The eurozone official confirmed that the biggest obstacle... or investors to be selected between May 5 and May 8. Also, Parliament approved on Thursday the splitting
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Waiting for Eurogroup outcome, ND and SYRIZA focus on economic interventions
PoliticsGreek Politicsor refugees who have arrived in Greece since March 1 will be housed in different facilities..., residents have been banned from leaving their homes between 8 p.m. and 8 a.m. after two women
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Athens expects emergency economic measures to contain 2020 contraction to 4.7 in baseline
Economyon Greece’s external sector then the output drop in 2020 will reach 8 pct. It is worth noting that had... by 1 pct on the back of supportive spending measures. Investments will contract by 4.6 pct... pct of GDP The authorities note that the funding strategy this year, which was meant to raise up to 8
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ECB boost for Greek debt as authorities ponder new market foray
Economybenchmark yield climb close to 4 pct in mid-March. It had been trading at below 1 pct for most... in offers. The PDMA had suggested it would stick to its initial debt strategy of raising 8 billion... the recession will not exceed 8 percent this year and that Greece would be able to meet the stability
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General govt primary cash deficit of 9.07 bln in October, arrears drop by 250 mln
EconomyMacroeconomy) and local governments (+8 million). Declines were seen in SSFs (-111 million) and extrabudgetary funds... of 273 million euros was seen in repos, making up 8 percent of the total. FSM loans rose by 18 million...-on-month, while non-gg entities fell by a very slight 1 million. With bank support guarantees at 320
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