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Clearer picture emerging ahead of stress tests, banks appear confident
EconomyBankingAs Greece’s banks gear up for the stress tests at the start of next year, a clearer picture is emerging as the Troubled Assets Review (TAR) is underway and banks are firming up their assessments... in provisioning needs of around 6.5 billion euros, which lenders have already started building up. This cushion
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ECB survey shows enduring preference for cash payments in Greece
EconomyFeaturesof sale].” Across the countries surveyed, cash transactions made up 79 percent of all transactions... were less likely than the euro-area average to save money at home as a back-up. The report points... be a reflection of the retail characteristics of Greece - while card ownership went up significantly after
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Number of private sector employees rises in 2017 but wages fall
EconomyMacroeconomywere small operations with up to four employees. Firms employing between five and nine employees made up around 13.9 percent of the total, those hiring between 10 and 49 employees accounted for 11.1.... Around 41.6 percent received a salary up to 1,000 euros, 19.9 percent between 1,000 and 1,500 euros
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Newsletter 147 -19/01/2018
up for 2020. The International Monetary Fund has suggested that the reduction to the tax-free... of up to 19 billion euros, with around half coming from the institutions and the other half from..., compared to travel payments which fell by 4.8 percent to 74 million. Foreign visitors were up by 8
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Name and shame
Agorais comfortably leading the polls and elections could be coming up later this year, or in 2019 at the latest... one to pass up a chance to play to the nationalist gallery and to shore up the small pool... be raised if an agreement with Skopje is reached and he ends up supporting it to ensure that the coalition
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Three in 10 workers in part-time jobs, earning less than 400 euros
Societythat up to May of last year, three out of 10 workers in the private sector were employed part-time... work (56.3 percent of total versus 43.7 percent). Conversely, women made up 55.5 percent of part-time... by gender, men constitute 53.1 percent of insured workers overall. Around 22.8 percent are aged up
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Central government debt grows to 328.70 billion in Q4
EconomyMacroeconomymillion euro rise in financial support mechanism loans (FSM). FSM loans continue to make up the lion..., T-bills made up 55 percent of all government borrowing, followed by ESM loans (31.3 percent), fixed... made up 79.9 percent of the total, while short-term (up to 1 year) and medium-term (1 to 5 years) debt
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New Democracy targets SYRIZA over law and order, independent institutions
PoliticsGreek Politicsand ends up doing what they want,” said Mitsotakis on Monday. “Citizens, irrespective... sessions to take place behind closed doors. However, the opposition party also picked up on another... was set up in 2010 with the aim of providing an independent voice on economic developments. However
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Net job hirings balance turns positive by 16,628 in February
EconomyMacroeconomyto 47.7 percent of the total. Part-time and shift work made up 41.5 percent and 14.8 percent of hirings... net hirings of 86, up by 4,965 compared to the net balance of -4,876 noted for the same period last... period, the balance remained in favour of part time and flexible work, which made up 54.8 percent
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Tsipras suffers setbacks in bid to build momentum ahead of MoU exit
PoliticsGreek Politicsthe coalition from being able to have a clear run up to the end of the programme in August... the poll gap built up by conservatives. The leftists had been edging closer to their opponents since... on Monday that Tsipras has now given up on the idea of snap elections later this year and is focussed
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