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PM urges ministers to heed local vote warnings as opposition looks ahead
PoliticsGreek PoliticsKyriakos Mitsotakis called on his ministers to heed the warnings of the second round of the local elections, which saw New Democracy lose in five of the six remaining regional authority contests...” rhetoric. He advised members of his government to “engage your brain” before speaking publicly
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Newsletter 279 - 05/03/2021
closures dropped during the pandemic Only one sector saw an increase in the number of closures in 2020... and motorcycles” which saw 8,082 closures. Mostly this was due to it being one of the most populous sectors... of company closures in the sector actually dropped 18.9 percent. In fact, only one sector saw
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Of symmetry and adjustments in the eurozone
Agorabut not negligible (1.9 percent) surplus. The eurozone today is a net saver, and therefore siphons aggregate
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Going for Growth: What next for Greece's economy and banks?
Agorathat even in an export-led, fiscally abundant, and saver-led economy such as Germany, its two biggest...://www.commerzbank.com/en/hauptnavigation/aktionaere/aktie/aktuelle_kursentwicklung/aktuelle
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Where is Greek growth coming from?
Agorais not a strong saver either—hence the permanent current account deficits for the country as a whole
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A breakdown of Greece’s revised financing needs as part of its new ESM programme
EconomyProgramme) loan (1 billion). On top of debt amortisation and interest payments totaling 54.1 billion... involve: 1) SMP and ANFA income totaling 7.7 billion euros until July 2018. It is noteworthy
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QE arrives for Greece
Agora; thus including Greece (approximately totaling 12 billion euros). This effectively means that Greece... bond totaling 2.5 billion euro in late January 2020, put the government in a position to meet its
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Greece saw first annual deflation in almost half a century in 2013
EconomyMacroeconomyThe drop in Greece’s Consumer Price Index (CPI) decelerated to 1.7 percent in December after peaking with a 2.9 percent decline in November, according to the Hellenic Statistical Authority (ELSTAT). On a monthly basis, the CPI rose 0.9 percent for the f...
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April saw first rise in Greek banks' Eurosystem funding this year
EconomyMacroeconomyGreek banks’ Eurosystem funding increased by 1.27 billion in April, showing a monthly rise for the first time since December 2013, according to the Bank of Greece's (BoG) monthly financial statement. The headline figure stood at 61.96 billion at the end...
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Most Greeks saw income fall over last year, limiting purchasing power
SocietyThe results of a survey by the Labour Institute (INE) of the General Confederation of Greek Workers (GSEE), which was published on July 17, highlighted how salary earners’ purchasing power has been limited. The survey, conducted in cooperation with Alco...
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