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Wages index edges up 0.2 pct in Q4, drops 2.5 pct from previous quarter
EconomyMacroeconomyThe seasonally adjusted (SA) Wages Index increased for the fifth straight quarter in Q4 2016, albeit only by 0.2 percent year on year (YoY) after rising by 1 percent in Q3, Hellenic Statistical... 2000. Since its peak almost seven year ago, the index has dropped by 26.3 percent. This largely
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From MoU exit to Grexit: Where next for Greece?
AgoraIn September last year, when Alexis Tsipras visited New York to speak at the UN Assembly, he held... by Parliament last year), this would lead to political paralysis. In either of these situations... dent Greek growth hopes in 2017, leading to 2018 being the real year of recovery. At that point
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Three investment groups table binding offers for Thessaloniki Port
Economyfor the 67 percent stake on sale amounts to around 135 million. Last year, COSCO’s offer of 368.5 million.... OLTH’s share price has soared 13.6 percent year to date, significantly outperforming the Athens Stock Exchange general index, which has edged down 1.2 percent since the beginning of the year
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Squeezed at home, ministers return to Brussels to look for deal with lenders
PoliticsGreek Politicssuch a measure is that if the government sees out its full four-year term, the next elections will be held... and Independent Greeks hopes in an election year. However, these political concerns are clashing... million euros since the start of the year, further highlighting the liquidity squeeze faced
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Progress seen in Brussels talks but no deal in sight yet
PoliticsGreek Politicsis a problem for the coalition as the government’s four-year term is due to end by September of that year, triggering national elections. There have also been complaints in Athens about the German... growth forecast for this year from 2.7 percent to 1.5 percent. The prospect of such a reassessment
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Compromise proposal on table ahead of Friday's Eurogroup
EconomyProgrammeto satisfy the government, which strived to avoid having to implement both measures in the same year... in advance whether fiscal targets for each year are likely to be met, which will consequently trigger... and the Greek government to agree each autumn, starting from 2018, on the fiscal outcome of that year
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Unemployment rate at 23.5 pct in Jan, stable from upward revised Dec figure
EconomyMacroeconomyyear and nearing 30,000. This largely reflects movements in three business activities, namely food... rate among men fell by 0.9 pp from last year and settled at 19.9 percent, while that for women declined... percent, while the OECD foresees a jobless rate of 23.1 percent for this year.
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Outline deal clinched at Eurogroup, focus now moves to Athens
PoliticsGreek Politicsto judge whether the measures due to be implemented in 2020 would have to be moved forward by a year... even have produced a fiscal surplus last year. Domestic reaction Overall, the outline agreement... to implement 2 percent of GDP in measures in one go in 2019 (a possible election year), unless
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Greece agrees package of measures with IMF, eurozone to seal review
EconomyProgrammeto the agreed medium-term targets is estimated to be larger than 0.2 percent of GDP every year... to net pension savings of 1 percent of GDP in 2019 by extending the rules of last year’s pension... proceeds for 2017 and 2018 are estimated at 2.2 billion euros in each year, but both figures are under
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Debt relief, MTFS and return to bond markets on agenda after technical agreement
EconomyProgramme, the growth rate for this year may be downward revised below 2.5 percent compared to a previous forecast... percent this year. Furthermore, the European Commission is due to publish its spring economic... growth of 1.8 percent for this year.
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