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Eurobank turns profitable in Q1 for first time since Q3 2011, with net profit of 60 mln
EconomyBankingin Q4. The bank has guided for a cost of risk below 2 percent for the whole of 2016. On the asset... in December, while has slipped to 22.8 billion in May. The breakdown shows ELA funding currently stands at 18.1 billion and ECB funding at 4.7 billion. A part of the previously used Euroystem funding has
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Brexit leaves Greece dangling precariously
Agorabefore. Brexit has the potential to unleash not just a wave of consequences that will be damaging... on this. European Council president Donald Tusk has warned against going in chase of some kind of Utopian..., the key question will be if this group of politicians has what it takes to steer Greece through
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Pending pensions mount up, complicating fiscal effort
Economymain pensions (i.e. applications for pensions for which the process has been delayed for technical, bureaucratic or other reasons) has reached 159,290 cases. More than half (85,300) related to IKA... pensions to the private sector has an estimated cash deficit of 700 million this year, which is due
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After Brexit vote, Tsipras stresses need for political response to EU shortcomings
PoliticsForeign Policy· A democratic deficit · The resurfacing of stereotypes The Greek prime minister said that the EU has... of the EU, including when he stood as a candidate for European Commission president in 2014. Tsipras has... democrats, gradually moving SYRIZA away from its leftist affiliations. To balance this, he has stressed
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Lew highlights geopolitical dimension of debt relief discussion on visit to Athens
PoliticsGreek Politicsand institutions should end up. Except that in the end, it has to work," concluded the US finance chief... the FT. It is perhaps the first time recently that a figure of Lew’s significance has drawn clear links between the pressure on Greece to meet fiscal targets, and what effect this has on the country
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Disposable income drops 1.8 pct in Q1 on rise in taxes and social contributions
EconomyMacroeconomywith an increase in social contributions by 5.1 percent. Disposable income has plunged by around 13.6... of employees edged up to 14.02 billion euros in Q1. Nevertheless, it has dropped by more than 6.3 billion... 2010, consumption has plunged by 28.3 percent corresponding to around 11.4 billion in absolute terms
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Greece's public healthcare in a muddled and troubled state
EconomyFeaturesand rising unemployment have led to the country’s public healthcare landscape has taken a heavy beating... to the problem, Greece’s exodus of qualified professionals shows no sign of abating, and this has... on health expenditure has increased from 35.6 percent in 2013 to 39 percent in 2014. The split between
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Economic sentiment improves to its highest level of 90.7 pts for 2016, consumer confidence falls by 1.2 pts
EconomyMacroeconomy, which is the highest reading in the course of 2016. Since the beginning of the year, ESI has improved by 3.3 points, while has risen by 8.8 points from its recent low of 76.1 in August 2015... respectively. Construction confidence has improved at a slower pace of 11.9 points since August 2015.
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Wages index up by 0.7 pct in Q1 for second straight increase
EconomyMacroeconomypercent decline in Q4. Over the past five quarters, the wages index has rebounded QoQ only once... 2000, the lowest reading of 78.8 has been recorded in Q1 2000, while the record high of 120.4 was posted in Q1 2010. The wages index has nosedived 27.7 percent thereafter largely reflecting the internal
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Majority of Greeks now view EU in bad light, survey indicates
SocietyMost people in Greece now have a negative view of the European Union, with share of Greeks that views the EU in a bad light rising 13 percentage points to hit 51 percent, the latest Eurobarometer has..., the gap between countries has widened even more and has reached a new record, with 85 points
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