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SYRIZA, New Democracy promote competing narratives after MoU exit
PoliticsGreek Politics. “Also, there will be fiscal space of more than 750 million euros, and based on all... means the end of cheap funding from the eurozone, rather than the end of austerity measures... to an unofficial fourth MoU after signing an unnecessary third MoU, which cost Greece more than 100
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Budget primary surplus confirmed at 2.05 bln in July on lower PIB expenditure
EconomyMacroeconomywas confirmed at 3.72 billion for the month of July, higher than the figure of 3.85 billion in June and roughly 3.3 percent lower than the figure for the same period last year. The aggregate figure... seven months of the year, 561 million better than the target.
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Recent study issues warning over ageing population, future pension burden
Societyage group rather than the more economically sustainable pyramid shape, has been remarked upon... productive than a young one, the report stated. Apart from longevity increasing the age of the workforce... of individuals older than 65 years for every 100 persons of working age (20 to 64 years). The ratio rose
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Tsipras and Mitsotakis gear up for economy pledges, with eyes on fiscal targets
PoliticsGreek Politicsexamining the possibility of poor families, with annual incomes of less than 9,000 euros and properties worth less than 85,000 euros, being completely exempt from ENFIA. They currently have a 50 percent... years. The government’s intention to set out relief measures for the next four years, rather than
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Building permits rise by 16.2 pct in June and 7.5 pct in first half of year
EconomyMacroeconomyof permits came to 13,847. Although this is higher than that for 2016, it remains around 86 percent lower than the peak of 95,730 permits issued in 2005. Much of the current building activity also centres around refurbishments rather than new builds. The most recent quarterly Bank of Greece (BoG
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Athens prepares 2019 draft budget amid pension cuts dilemma
EconomyProgrammethe return of the ANFA and SMP profits from Greek bonds. The first instalment of more than 600 million euros is due shortly. More than the possibility of losing these funds, Tsipras will be worried about... as Greek bond yields are higher than the government would like. It has been suggested that one option would
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Banks submit new NPL targets to SSM, with sales leading way in reduction drive
EconomyBanking, 1.6 billion lower than the target of 90.2 billion. The new targets encompass current reduction goals... than the European average of less than 5 percent. As Greece tries to woo back foreign investors
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Building permits rise by 9.8 pct in July, up by 8.4 pct in 7-month period
EconomyMacroeconomyof permits came to 13,847. Although this is higher than that for 2016, it remains around 86 percent lower than the peak of 95,730 permits issued in 2005. Much of the current building activity also centres around refurbishments rather than new builds. The most recent quarterly Bank of Greece (BoG) figures
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GDP revision for 2017 points to slight improvement from initial estimates
EconomyMacroeconomythan the 9.6 percent growth seen in March. Exports growth, also in volume terms, remained the same... percent, slower than the initial nominal growth estimate of 9.9 percent. Exports increased by 12.1 percent... higher than initially estimated, up 12.8 percent from 12.2 percent. According to the latest data
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August current account shows surplus of 1.56 bln as deficit in primary income account grows
EconomyMacroeconomylower than the figure of 1.58 billion euros in July, Bank of Greece (BoG) figures showed on Monday... worsened very slightly by 18.3 million or 1.1 percent. This was driven by imports rising faster than... widened as imports grew faster than exports in absolute terms. Exports in the aggregate period rose
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