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ND sees budget as evidence of pledges being kept, SYRIZA highlights flaws
PoliticsGreek Politicsintends to live up to the promises it has made to voters. The economic plan includes tax relief... similar proposals in the past. Nevertheless, for the time being the government has achieved its... has minimal impact on growth. SYRIZA also claims that the higher threshold for electronic
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Unemployment edges down to 16.9 pct, below 17 pct for first time since 2011
EconomyMacroeconomyis the first time that the unemployment rate has dropped under 17 percent since May 2011, when the reading... unemployed in September 2013, unemployment has shown a fall of over 40 percent. The overall labour force... fell by 3 percentage points (pps) year-on-year and came to 21 percent. This figure has been
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Building permits increase by 18.5 pct in July
EconomyMacroeconomyby 21.8 percent. Greece’s construction sector has remained subdued in recent years as both private... and the construction downturn began. At 15,325 permits, the total for 2018 has surpassed the total... to the same month last year, construction confidence has fallen by 1.7 points.
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Athens prepares to send draft budget to Brussels, lines up next tax measures
PoliticsGreek PoliticsThe government is hoping to wrap up on Monday the budget negotiations it has been having over..., the government also has to take into account the recent rulings by the Council of State regarding.... The potential fiscal challenges ahead mean that the government has tempered its pledge
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Athens waits for EU action on Turkey and Greece's Balkan neighbours
PoliticsForeign Policyto Turkey or the freezing of certain EU-funds. Turkey’s offensive in Syria has given rise to serious... sanctions against Ankara. “We regard Turkey as an equal. If Turkey has the illusion of being a powerful [state] addressing a powerless interlocutor, it’s making a big mistake,” Dendias has added. EU leaders
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Disposable income rises by 5 pct YoY in Q2, final consumption up by 1 pct
EconomyMacroeconomyStatistical Authority (ELSTAT) data released on Thursday. The YoY change in disposable income has... billion. Employee compensation has fallen by 1.3 percent since 2012 due to a sharp rise in unemployment.... Since 2012, property income has declined by 41.2 percent. Household final consumption rose by 1 percent
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Development bill adopted as ND targets investment and growth
PoliticsGreek Politicsenvironmental and other standards. There has also been concern over the labour market deregulation measures included in the package. “The development bill is the capstone in a strategy that has been... in power, showing that it has always been in favour of making Greece more business friendly
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Latest T-bill auction highlights shift in Greek yield curve
Economyhave dropped and how demand for Greek debt instruments has risen is that the previous auction... times, attracting 1.54 billion euros. The appetite for Greek debt has shifted the entire Greek yield... benchmark has crossed the 1.2 percent threshold, standing at 1.18 percent, compared to 3.38 percent six
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Changes to primary residence protection proposed in bid to draw more applications
EconomyFeatures. The protection scheme has an annual budget of around 132 million euros and carries a number... in a different city due to their work, plus cases where the property has more than one owner... banks. Greece has faced an obligation from its lenders to create a new insolvency framework that also
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ND tries to quash refugee backlash, protect strong poll ratings
PoliticsGreek PoliticsThe Greek government has been trying to assuage concerns about the transfer of migrants from... greater order. Nevertheless, the angry reactions in some parts of the country to the transfers has put... 6.8 percent say that their view of the New Democracy leader has deteriorated over the last few
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