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Greece to pay IMF but concluding negotiations will be a tougher task
PoliticsGreek PoliticsThere were no surprises from Greek Finance Minister Yanis Varoufakis’s meeting with International Monetary Fund managing director Christine Lagarde in Washington on Sunday but the government in Athens still faces a challenging few days ahead. Lagarde co...
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Greeks graduating after 2011 encountered limited opportunities, low pay
SocietyA report by the Foundation for Economic and Industrial Research (IOBE) has revealed that graduates in Greece after 2011 were twice as likely to be unemployed as graduates in the overall working-age population, and that the majority of them earned salari...
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Tsipras eyes review conclusion, insists SYRIZA patience will pay off
PoliticsGreek PoliticsPrime Minister Alexis Tsipras assured SYRIZA’s political secretariat on Monday that the government will manage to wrap up the third review on time and that better days are on the way for his party. Speaking to SYRIZA officials after the departure of the...
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Alpha Bank turns profitable in Q1 as last year's clean-up efforts pay off
EconomyBankingAlpha Bank reported a net profit of 125 million euros in Q1 2022, compared to a loss of 282 million euros in the same quarter of 2021. In the last quarter of 2021, the net loss was 408.1 million euros, mostly on the back of 551.8 million euros of impair...
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Opposition lines up attack on government over wildfires with visits to affected areas
PoliticsGreek Politicson the fires. Hazard pay controversy The latest fires have also reignited the debate over pay... to an amendment passed in July, awarding hazard pay to parliamentary staff. Seasonal firefighters described... that they would have to wait their turn for danger pay behind those faced with working in air conditioned
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Labour market reforms did exactly what they were supposed to
Agorain the private sector would need to be significantly reformed, pay rates for overtime work would... allow local pay agreements to set wage growth below sectoral agreements and introduce variable pay... flexible hirings of part-time or shift work, with lower weekly hours and subsequently lower pay gradually
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Value of HFSF participation in Greek banks falls to 17 billion
EconomyBankingof 859 million was recorded due to the drop in the valuation of bank warrants. The highest negative
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Current account deficit widens to 404 mln in March
EconomyMacroeconomya sharp drop in the primary income surplus (by 859 million) followed by a narrowing of the services
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Talks on bailout review head for crucial weekend
EconomyProgramme. Meanwhile, the Labour Ministry announced on Thursday that an amount of 859 million from the 2017
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Unpaid contributions rise to 33.86 bln as more legacy debtors added
EconomyMacroeconomyat 382,650, representing a rise of 86,911 from the previous quarter. The relevant amount rose by 859 million
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