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Q1 GDP contracts 0.4 pct QoQ and 1.3 pct YoY, broadly in line with estimates
EconomyMacroeconomyfigure is slightly better than polls pointing to a GDP contraction of 0.5 pct QoQ, while... displayed in the YoY comparison with GDP down 1.4 percent in Q1 slightly higher than the 1.2 percent... percent, much softer than anticipated last summer on the back of resilient private consumption
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General gov't figures shed more light on course of spending, revenues during crisis
EconomyMacroeconomyin the annual primary expenditure by 33.26 billion, mostly due to cut in wages and pensions, more than... of 25.9 percent over this period, the revenue-to-GDP ratio rose by more than 9 percentage points (pp... in absolute terms, the respective ratio for primary expenditure was reduced by less than 2 pp from
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Central government debt edges down to 321 bln in Q1
Economyof December and currently make up more than 68 percent of central government debt. The bulk of FSM... remained unchanged QoQ at 14.88 billion, making up 4.6 percent of debt, while repos edged up by more than... in Q4 2015. Around 80 percent of Q1 outstanding debt has a residual maturity of more than 5 years
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Paddling with a wooden spoon
Agoramet at the Eurogroup has been pretty simple: look no further than German Finance Minister Wolfgang..., rather than who came out on top. If this is the question, then perhaps we have to accept that Alexis... to secure significant, game-changing debt relief for Greece than he did over the last few days
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Some basic products in Greece among most expensive in EU
Society. Comparatively, fish is also more expensive in Greece than in most EU countries. Consumers pay 113 percent... in 2015 than in the previous year (77.4 percent) in Greece, the data showed. The data is based... of a comparable basket of food and non-alcoholic beverages across the EU was more than twice as high in the most
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Pending pensions mount up, complicating fiscal effort
Economymillion from OAEE. This also reflects the reduced state subsidy, which was trimmed by more than 1.4..., bureaucratic or other reasons) has reached 159,290 cases. More than half (85,300) related to IKA... months for most funds. It doubles for those insured with more than one fund. POPOKP noted
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Electoral law vote brought forward, refugee crisis returns to political agenda
PoliticsForeign Policythis week, rather than Friday as had originally been planned. There is no obvious tactical move... rather than Parliament. However, the prime minister does not appear to have the support of his... more than 3,000 migrants on Lesvos. Despite the recent lull in arrivals, problems remain at the island
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Thinking outside of the box
Agoraby the government and more than four channels were already operating, has been questioned. Pappas’s... 200 million euros. The coalition’s view is that allowing more than four channels to operate... closed the state broadcaster because they wanted to silence it rather than for fiscal reasons
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Recent steady rise in refugee arrivals pose extra challenge for Greece
PoliticsForeign Policyto decongest the “hotspots” on other islands. There are currently more than 10,500 migrants (out of a total... average has increased to more than 80 (80.5), which is a rise of almost 70 percent. Mouzalas has... to last year or even earlier in 2016, when it was not uncommon for more than 1,000 people to arrive
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Gap of 555 mln emerges in three key taxes in July ahead of a crucial September for revenues
EconomyMacroeconomyof the 6.59 billion due. This means that the amount of VAT collected was 1.02 billion less than what... stood at 2.28 billion in 2015, 38 percent lower than those in 2013, while the amount due was 3.57... more than doubled over the last three years to 3.57 billion euros in 2015 from 1.66 billion in 2013
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