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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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Watchdog raid strains testy relationship between banks and govt
EconomyBankingcollateral. The Greek authorities would be reluctant to commit to this as nearly 40 billion euros has been pumped in the banking system by the state and it has essentially evaporated during the crisis... of credit to the economy, which has been deleveraging for nearly a decade. As part of the post
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Greek govt gears for final Eurogroup of 2019, hoping for better terms
EconomyProgrammeThe Greek government has set its sights on the last Eurogroup of the year, hoping... plan which is seen as crucial to relieving banks of their bad loan burden. The Greek side has... on November 20. Little controversy surrounds this, as it has already passed scrutiny by the European
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APS bill tabled, allowing use of 12 bln in state guarantees to reduce NPLs
EconomyBankinghas yet to be endorsed by the Finance Ministry and has not progressed. The modalities of the scheme...-‘ and the management of the securitisation has passed on to the servicer, who is independent
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Newsletter 232 -13/12/2019
of the securitisation has passed on to the servicer, who is independent of the bank that issues... of October, the short-term side of the yield in the T-Bills has been shifting downward throughout the year... compared to an index of 64.4 in Q2 2019. Since the series low of 58.8 noted in Q3 2017, the index has
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Business leaders set out steps to attract skilled Greeks as govt offers wage subsidies
SocietyThe Hellenic Federation of Enterprises (SEV) has released a report on what steps need to be taken... that the migration of these workers has led to shortfalls in skills and modern resources needed by the country... The issue of the brain drain is also being scrutinised by the government, which has just announced
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