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Greek health care spending in the spotlight
EconomyFeatures, as the country’s agreement to spending cuts in exchange for an international bailout put the brakes..., Greece’s health care spending outpaced the country’s growth rate, with total expenditure on health... governments increased subsidies for the system and pushed the country’s health care budget deficit to 50
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BoG looks at other programme exits and options available to Athens
EconomyProgrammeOver the last few weeks Greece’s central bank governor, Yannis Stournaras, has been arguing... that will cover the country’s funding needs for 12 months after this August. The central bank dedicates... Greece’s credit rating to investment grade. The Greek central bank suggests that the European Stability
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Reshuffle scenarios resurface for Tsipras after ministers resign over rent subsidies
PoliticsGreek Politics. The fact that they claimed the benefit was seen as incompatible with SYRIZA’s leftist ideology..., although its opponents will continue to challenge the party’s left-wing credentials and to highlight... on the government’s ability to complete the growth strategy it had been planning to present to lenders in early
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Retail sales rise by 2.2 pct in December, average growth of 1.7 pct in 2017
EconomyMacroeconomyGreece’s retail sales rose by 2.2 percent year-on-year in December after November’s upwardly...) on Wednesday. December’s headline figure reverses three consecutive months of negative readings... months of negative readings. December’s increase in retail trade was down to rises in all
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PMI at 56.1 in February, most improved since June 2000
EconomyMacroeconomyGreece’s Manufacturing PMI rose by 0.9 points to 56.1 in February, the ninth consecutive reading above the 50-mark threshold. February’s headline figure is the highest since June 2000 and represents... in February, with positive sentiment driven by increased investment and Greece’s stabilising
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Focus of discussion for lenders moves to debt relief, post-MoU framework
EconomyProgrammerepeated the central bank’s preference for a precautionary credit line on Saturday, Tsipras said... understanding between Athens and the institutions that the country’s reliance on the official sector... continue in a programme forever,” said the head of the European Commission’s mission, Declan Costello
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Unemployment rate at 20.8 pct in Dec as employed rise by 107,687 in 2017
EconomyMacroeconomyGreece’s seasonally adjusted (SA) unemployment rate came to 20.8 percent in December, after November’s figure was revised upward to 21 percent, Hellenic Statistical Authority’s (ELSTAT) data showed... and 19.2 percent. The latest data from the Labour Ministry’s Ergani information system as of January
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Budget primary surplus at 2.75 bln in Feb on increased revenues, lower expenditure
EconomyMacroeconomy, up by 28.9 percent against last year’s figure of 2.14 billion euros, the Finance Ministry (MoF... balance remained positive and came to 900 million euros for February, declining against January’s figure of 1.85 billion. Year-on-year, February’s primary balance fell by 19.4 percent against
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Finance Ministry waits for new property values as talk of bad bank gathers pace
EconomyProgrammeby the Finance Ministry to calculate this year’s ENFIA real estate tax. The deadline for some 250...-performing loans. Bank of Greece governor Yannis Stournaras floated the idea at the central bank’s... debts from Greece’s lenders has been around for several years but has stumbled on the capital
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Alpha Bank's net profits decline to 21.1 million in 2017, fourth quarter makes loss
EconomyBankingdifferences following the completion of the sale of the bank’s Serbian operations, and the impact of higher... in 2017 to 323.5 million euros. This was mostly driven by loan generated fees from the bank’s... bps QoQ. This was the result of the higher prices on the bank’s available for sale portfolio in Q4
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