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  1. Coalition focuses on relief effort after fires as Mitsotakis holds back on criticism
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    of the current government. “The Greek state has been unable over time to effectively protect the lives... will be that SYRIZA has failed to make any discernible difference to the running of the country... that they would bring a new ethos to the business of governing. However, the coalition has been

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  2. Coalition's attempt to defend handling of fatal blaze fails to stem criticism

    PoliticsGreek Politics

    (and the emergency service chiefs it has appointed) from any responsibility for the death and destruction inflicted... briefing as a “show” aimed at shirking the government’s responsibility. “Greece has again come face... has increased the pressure on the government, especially with regard some public acceptance

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  3. Unemployment in Greece falls to 19.5 pct in May, below 20 pct for first time since Sept 2011
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    that the unemployment has dropped below the 20 percent mark since September 2011 when it stood at 19.2..., which is the first time that the figure has exceeded 3.8 million since February 2012... to April. Against the same month last year, the number of unemployed has fallen sharply by 113,718

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  4. Retail turnover in June grows strongly led by fuel and supermarket sales
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    has remained positive for five months in the first half of the year with February the only negative... down 4.2 percent growth in May. As with the sales index, February has been the only month this year... has remained positive throughout the year, having improved by 20.1 points year to date, reaching

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  5. Piraeus Bank posts net profit of 24 mln in Q2, ELA funding fully eliminated
    Photo by MacroPolis

    EconomyBanking

    formation has declined. The bank reported that across the last 12 months, NPE reduction has come... (-5.6 billion euros) and NPE sales (-2.4 billion euros). Piraeus Bank has been stepping up efforts... balances stood at 3.8 billion in late August 2018. A total of 3.1 billion in new loan generation has

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  6. New overdue taxes rise by 377 mln in July, total stock above 102 bln for second month

    EconomyMacroeconomy

    of 428 million euros, data from the Independent Authority of Public Revenues (IAPR) has shown... of 80 million month-on-month, which was almost entirely driven by rises in new debt. Total debt has... 88.6 percent in June. The aggregate rate of collectibility came to 81.4 percent. The IAPR has set

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  7. Tsipras pledges array of tax cuts, hopes for break on pensions
    Photo by Andrea Bonetti/Fosphotos

    PoliticsGreek Politics

    problem has been addressed as a result of the June Eurogroup agreement. He argued that this secured... Macedonia, clashed with riot police. Tsipras insisted that the agreement, which still has to be ratified... partner, to trigger snap elections over the name deal. Kammenos has made it clear that he

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  8. Q2 wages index falls by 0.4 pct QoQ and rises by 2.6 pct YoY
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    quarter marks four straight quarters where the seasonally adjusted index has remained over the 90-point... was recorded in Q1 2000. Since its peak, the index has declined by a quarter on the back... now out of its final bailout programme, the government has been keen to win over voters with a focus

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  9. Card transactions in Greece experience boost due to capital controls

    EconomyBanking

    of 2015 were cited as a key driver for the jump in card payments in Greece, where cash has... data has been made available, the figure had jumped to 12.1 percent, only 2.7 percentage points (pps... lifting capital controls. The Ministry of Finance has been stepping up efforts towards the lifting

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  10. Mortgage loans a key piece of NPL reduction puzzle

    EconomyBanking

    . In particular, the mortgage sector has displayed poor performance when it comes to bringing down..., mortgage lending has continued to be the one sector where bad loans are not falling at a fast enough pace... to be formally submitted for NPL reduction targets between 2019-2021, a separate category has been

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