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Eurosystem funding drops by 3.3 bln in Nov for 17th straight monthly fall
EconomyMacroeconomyin November to a new low since the end of 2012. It has been reduced by 16.35 billion since June 2015... has been recorded in the last six months in the wake of reinstatement of waiver on Greek government.... Overall, Eurosystem funding has been cut by more than 58 billion in the last seventeen months, also
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Turnover in services sector improves in Q3
EconomyMacroeconomy) and telecommunications (+1.1 percent). Since 2001, the most notable nosedive has been recorded in advertising..., employment activities and other administrative and office support, the turnover has soared by 69.8... and accounting services has also surged by 49.1 percent over this period. The latest services confidence
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Dispute over handouts drags on, allowing tension with creditors to rise
PoliticsGreek Politicsof the process and the coalition’s concerns about settling the dispute that has been triggered... and Schaeuble are leading Greece towards a dead-end.” To Potami leader Stavros Theodorakis has also suggested... of next month as the government has identified the Eurogroup on January 26 as a watershed
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Athens settles pension handout row, looks for review progress
EconomyProgrammeEurogroup President Jeroen Dijsselbloem concluded on December 24 that “the way has been cleared... that the government did not pledge anything more than what has been agreed so far. They said the letter clarifies... clarifies that the government has committed any future fiscal over-performance to be used, in agreement
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Govt hopes for Feb review deal but opposition readies in case of snap polls
PoliticsGreek PoliticsThere are increasing indications from government sources that Athens has accepted it is unlikely... the government, which has suffered a steady erosion since being re-elected in September 2015 as a result of the measures it has adopted and its double-speak. A poll by Kapa Research published in To Vima
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Newsletter 102 - 13/01/2017
. There has been no official statement on the measures that Athens is considering, but reports have... by 8,200 Over the last twelve months, the unemployment rate has fallen by 1.5 percentage points... also decreased by 7,100 to 3.69 million. Over the last twelve months, the unemployment rate has fallen
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Payment cards up by 3 pct but value of transactions drops by 7 pct in H1 2016
EconomyBankinghas recorded a cumulative increase of 17.3 percent in the past two years, while the number of card transactions has soared by around 71 percent over this period. On fraud, the report revealed... of volume and value and has remained broadly stable over the last two years.
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Schaeuble presents Athens with stark reality of programme without IMF
PoliticsGreek Politicsto the review being wrapped up quickly and without further measures. This prospect has appealed to Prime...-led coalition has shown that it prefers the short-term gains that would come from the IMF... up a path to a much simpler agreement with the eurozone lenders but the fact that Athens has put
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Key fiscal differences lower expectations for Eurogroup
PoliticsGreek Politicsahead of Thursday’s Eurogroup. There has been reports, and rumours swirling in Athens, that Finance... or no movement on the issue of debt relief, which the Greek government has attached great importance... earlier, there has been no indication of any substantial discussion between the institutions about
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Tsipras facing limited options as he waits for signs from IMF
PoliticsGreek Politicson the adoption of the interventions the International Monetary Fund has demanded. One of the few certain... government has felt for some time that there is a possibility Donald Trump’s administration may push... government has 153 MPs, this would either involve getting all the deputies from PASOK, the Union
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