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Greece saw first annual deflation in almost half a century in 2013
EconomyMacroeconomyin the next two years at 0.6 percent in 2015 and 1.1 percent in 2016, also reflecting a stronger GDP
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Business leaders set out steps to attract skilled Greeks as govt offers wage subsidies
Society, which saw hundreds of thousands of young and qualified Greeks leave the country in search of better... a first set of measures to actively stem the flow and begin its reversal. During a speech at the first
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New labour law set to cause friction, as surprise candidate launches SYRIZA leadership bid
PoliticsGreek PoliticsAfter a summer of challenging developments, New Democracy’s latest labour reform initiative is set to be the first true test of the party’s legislative agenda since its return to power in June... aimed at the elusive centre space. Last week saw the publication of a draft labour bill which
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Eurozone set to give next govt until Sept to address fiscal issues
EconomyProgrammefinance minister is likely to have to set out what fiscal measures the new government plans to take... on May 26 would have a fiscal impact of 1.1 to 1.4 percent of GDP, around double the Greek estimate
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CPI rises again in November, at accelerating rate of 1.1 pct
EconomyMacroeconomyGreece’s Consumer Price Index (CPI) rose by 1.1 percent in November, accelerating from the 0.7... for the 12-month period from December 2016 to November 2017 was 1.1 percent. The core index edged up... by 1.1 percent in November following a rise of 0.5 percent in October. The main driving force behind
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A snapshot of the Greek economy
Agorain the previous month. The annual growth rate of credit to the general government set at -3.4 percent from... remained unchanged to -1.1 percent, from the previous month. The monthly net flow of credit... and the annual growth rate set at 6.2 percent from 6.3 percent in December. To sum up, the 10-year bond issuance
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Coalition focuses on relief effort after fires as Mitsotakis holds back on criticism
PoliticsGreek Politicsministers with breathing space despite the full horror of what happened in Mati, a seaside resort... authorities, despite questions being asked about whether there was an evacuation plan for Mati... incompetence becomes evident in the days ahead. The tragic events in Mati, though, have definitely
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PM urges ministers to heed local vote warnings as opposition looks ahead
PoliticsGreek Politicselections, 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... on the task at hand and set aside the issue of elections, including next summer’s European Parliament
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April saw first rise in Greek banks' Eurosystem funding this year
EconomyMacroeconomylate 2008. The initial amount of state guarantees was set up to 23 billion and that threshold was later
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Q1 GDP contracts 1.1 pct as Greece eyes growth in 2014
EconomyMacroeconomyGreek non-seasonally-adjusted GDP contracted 1.1 percent year on year (YoY) in the first quarter... eased 1.1 percent YoY. GDP contraction at the start of 2014 showed a decelerating trend for the fifth... target of 0.6 percent growth to be achieved, GDP should post positive growth of 1.1 percent YoY
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