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Credit contraction decelerates to 0.9 pct in April, net additions climb to 659 mln
EconomyMacroeconomyfor the second straight month, more than doubling to 659 million in April from 307 million in March... has prevailed in the Greek banking market. The loan balance has dropped by more than 25 percent amid... in NPEs, which as seen decreasing by more than 40 billion by the end of 2019. The bulk of the pledged
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Athens eyes deal on bailout tranche within June, hopes for QE breakthrough
PoliticsGreek Politicson Monday that he expects an agreement within June, rather than at the Eurogroup on June 15 specifically... that the government knows it will have to back down eventually if nothing better than the May 22... for QE but also underlined that the deal will have to be more extensive than the proposal tabled
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What can Greece expect at the next Eurogroup?
Agorawhich went further than the debt relief package outlined in the May 2016 Eurogroup statement. He... the markets would react if Tsipras issues the first Greek bond for more than three years. Unknown... the agreement as something more than a disappointing defeat, which was how the May 22 proposal
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Greeks express most negative sentiments about economy in global poll
Societythan it was in 2007, immediately before the beginning of the global financial crisis. Greeks, however... financially than their parents. The most pessimistic about prospects for the next generation... they will be better off financially than their parents,” 29 percent of Greeks aged 18-29 agreed, 23
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New overdue tax obligations increase by 754 mln in April, total up to 94.8 bln
EconomyMacroeconomytime, the number of tax debtors fell for the third straight month, declining by more than 33,600...) eased to 90.76 billion euros at the end of March, of which more than three quarters stemmed from... period, corresponding to an average figure of 275 million per month, which is higher than the monthly
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Trash dispute troubles SYRIZA ahead of political lull
PoliticsGreek Politicsforceful than an independently-organised anti-government protest earlier in the week. Representatives... in the government’s attempt to present itself as cleaner than previous administrations. Tranche and arrears.... Given that the primary surplus target for this year is 1.75 percent of GDP, rather than 3.5 percent
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Material deprivation rises, while poverty risk drops slightly
Societyaged up to 17 (1.0 percentage point) than other age groups. Material deprivation for children aged up to 17 years, in 2016, stands at 26.7 percent, more than double the 2009 figure of 11.9 percent... the previous year, the at-risk-of-poverty rate was slightly higher for women than it was for men. The rate
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Some relief for coalition but bold claims about programme exit a concern
PoliticsGreek Politicsat lower rates than the New Democracy-led administration did in 2014 and make a clean exit from the programme in 2018, rather than with the support of a credit line (ECCL) like the ones the lenders... or higher rate than in 2014 and also needs and ECCL to leave the programme, the opposition will argue
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The conundrum of Greek olive oil exports
EconomyFeaturesof Greek olive oil is exported to Europe, rather than new markets like India, China or America. Crucially... - rather than export bulk olive oil at wholesale prices, Greece should process its product, package... per cent higher than 2014).” Their report highlights that a more vertically integrated production
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Athens wrestles with timing of market return, aiming for maximum impact
PoliticsGreek Politicsand not a publicity stunt. Better than in 2014 The current government is desperate to have a more successful return to the bond markets than the New Democracy-PASOK coalition led by Antonis Samaras in 2014... that it has brought the Greek economy to a more promising position than three years ago. Tsakalotos pointed
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