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  1. Despite pledges, Greeks uncertain and feel recovery will take years
    Photo by Harry van Versendaal

    Society

    this year, the first increase in national output since 2008. The Greek public, though, has heard promises... that the state functions better than it did five years ago, whereas 43 percent believe its performance has worsened. For 29 percent there has been no change at all. Finally, to end with some psychoanalysis, how

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  2. Greek Q4 GDP down 2.6 pct, shrinks 3.7 pct in 2013 - better than troika estimates

    EconomyMacroeconomy

    and troika forecasts for a 4-percent contraction. Greece has experienced negative growth since the third quarter of 2008, but the contraction has been consistently slowing over the past six quarters... measures and lack of a material implementation of structural reforms has led 9-month 2013 GDP to contract

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  3. Fragmented, weak Greek centre left fails to find basis for cooperation
    Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]

    PoliticsGreek Politics

    An ambitious plan for the rejuvenation of the centre left of Greek politics has stalled as the movement of intellectuals and politicians known as the “58” has turned down an opportunity to cooperate.... However, this also remains the overriding weakness of the new movement. It has a number of former

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  4. December fails to boost Greek retail sector: Sales fell by 6.7 pct
    Photo by MacroPolis

    Economy

    Agency (ELSTAT) on Friday. During the crisis household consumption in Greece has shrunk by 28 percent, disposable income has been reduced by 32 percent. Also, approximately a third of the population is in material deprivation. So it is not surprise that retail trade is one of the sectors that has been

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  5. Greek recession slowed from revised 7 pct in 2012 to 3.9 pct last year

    EconomyMacroeconomy

    in February. Greece has experienced negative growth since the third quarter of 2008, but the contraction has been consistently slowing over the past four quarters. Affected by continued austerity... of a material implementation of structural reforms has led 2013 GDP to contract 23.7 percent compared

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  6. Greek jobless rate eases for fourth straight month but still at 26.7 pct
    Photo by Harry van Versendaal

    Economy

    of employed has dropped by 19.6 percent. The headline figure for the number of unemployed indicates.... For all other age groups the unemployment rate has more than tripled over the past 5 years... retain the highest rates at 28.6 and 28.1 percent respectively. On the flipside, the Aegean has

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  7. ELSTAT sees 2013 primary deficit at 8.7 pct of GDP, 40 bln wiped out from economy since 2010

    EconomyMacroeconomy

    billion euros has been wiped out from the domestic economy since 2010. According to ELSTAT, all released figures are fully in line with the ESA95 rules, while there has been continuous communication... the distribution of social dividend”. It is worth remembering that the Greek government has recently agreed

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  8. Four months of decline in industry turnover almost comes to stop in February

    Economy

    to the Hellenic Statistical Authority (ELSTAT). ELSTAT has discontinued the release of New Orders Index... headline figure has been heading south for the sixth successive month with the 12-month trailing index... the manufacturing sector has made a positive contribution to GDP in the opening quarter,” Markit said.

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  9. Are investors getting a bargain with Eurobank?

    Agora

    will have restricted voting rights on the shares it already owns. The HFSF has also committed... rather than the TBV. *Manos has years of experience in the Greek financial sector. Since 2000, he has

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  10. Retail index fell by 2.2 pct in Feb but trend improving

    EconomyMacroeconomy

    volume has retreated 31 percent since 2009 with only one positive reading in November 2013. The latter... of that month. In an effort to support retail sales, the government has also legislated a second interim..., the European Commission consumer confidence indicator has improved for three successive months since

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