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Refugee crisis charade adds insult to EU's injuries
Agora) in official accommodation in Greece, there are more than 12,500 people on island hotspots when the capacity is for just under 7,500, there are currently more than 100 refugees arriving each day.... In the wake of the deal being signed, arrivals dropped to less than 50 a day. In recent weeks
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The story behind Attica Bank, the non-systemic lender thrust into the spotlight
EconomyBanking, Attica was the only Greek bank that remained along with the four systemic banks from the more than... household loans and leasing account for 19.9 and 7.3 percent respectively. More than one-quarter (26.7... provisions of 629 million. Its stock of provisions more than doubled to 1.17 billion at the end of 2015
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Athens looks to Draghi for positive signals on debt relief
PoliticsGreek Politicswillingness to tackle a couple of reforms.” Athens would rather focus on comments like Draghi’s than... trade union, found that one million workers are owed money by employers. More than 500,000 in part-time contracts are being paid less than 360 euros per month, while uninsured labour has surged to 30
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Disposable income falls for second straight quarter, by 0.7 pct in Q2
EconomyMacroeconomy. The decline mostly reflects a rise in social contributions by 4.7 percent, which more than offset a fall... with nominal GDP contraction of more than 26 percent. When broken down, the figures reveal employees..., slightly slower than the 5.3 percent growth rate recorded in the previous quarter. Despite
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General government primary cash surplus substantially widens to 5.3 bln by September, arrears edge down to 6.2 bln
EconomyMacroeconomymillion. In contrast, the state budget posted a surplus of 1.82 billion, 364 million less than last year... an increase in SSF and tax refunds’ arrears by 188 and 156 million respectively more than offsetting a drop..., local governments and extrabudgetary funds, recorded arrears less than 400 million each in the January
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Bank credit contracts by 1.6 pct in Oct on loan deductions of 308 mln
EconomyMacroeconomydeductions of 3.17 billion euros in the 10-month period of 2016, 4 percent higher than last year’s figure... by less than 50 million from the previous month to 93.44 billion. The monthly flow remained volatile..., which have dragged the balance down by more than 23 percent over this period. The biggest rate
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Newsletter 106 - 10/02/2017
some of the measures that the IMF is demanding. risk of committing the coalition to more than... 4 billion euros, in contingent measures to be legislated now. This probably more than the coalition... percent. The number of bank employees in the Greek market has dropped by 29 percent, or more than
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Athens grapples with awkward reduction of tax-free threshold
EconomyProgramme. The IMF has repeatedly stressed that more than half of Greek wage earners are exempt from paying... or two children respectively. It remained unchanged for families with more than 3 children... to 2,100 euros (for families with more than three children. It is worth noting that those tax-free
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Multiple potential benefits await Greece if it can clinch QE eligibility
EconomyFeaturesbillion euros. It will increase to almost 4.2 billion between mid-July and April 2018 and to more than 5... is delayed significantly, the impact on bond yields would be lower than initially estimated and would... since last May, having sold more than 10 billion euros of EFSF bonds and recording trading gains
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Greece sees highest tax wedge increase among OECD countries in 2016
EconomyThe tax wedge in Greece remained above the OECD average in 2016, when it increased by more than 1... above where it was by 2015. The tax wedge stood at 40.2 percent in Greece in 2016, more than 4 pp higher than the OECD average figure, which edged down 0.1 pp to 36 percent. The deviation of the Greek
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