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Minister's actions put PM on the spot as politicians' loans stir controversy
PoliticsGreek Politicsto the annual accounts for 2017 filed by PASOK, it had outstanding loans of almost 226 million euros, up from... million euros in 2017. The leftists frequently bring up this issue to accuse the opposition parties... leader Kyriakos Mitsotakis and his wife, picking up on allegations made in government-friendly
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Central government debt increases by 2.91 bln to 358.95 bln in Q4
EconomyMacroeconomythat ESM loans made up 54.2 percent of all government borrowing, followed T-bills (38.2 percent... showed that long-term (over 5 years) debt made up 76.7 percent of the total, while short-term (up
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Travel balance falls by 45.6 pct in Dec but rises by 9.6 pct in 2018 as visitors top 30 mln
EconomyMacroeconomyoutlook had predicted that tourist numbers could reach up to 30 million in 2018, but warned of competition picking up in neighbouring destinations. The latest figures from the BoG for 2018 confirm SETE... airport arrivals went up by 29 percent in the month and by 12.7 percent in the year to date. Road
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Athens starts MTFS process with baseline scenario that sees growth slowing down
Economy. The assumptions remain broadly unchanged from last year’s process, which ran up to 2022. Greece’s nominal... from a slowdown in expectations on private expenditure that will not exceed 3 percent growth up... picking up in 2019 and 2020, with growth rates of 9 percent and 9.9 percent in 2019 and 2020. Equipment
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EC sets out improvements Athens should make to primary residence proposal
EconomyProgrammewith extensions of up to 25 years, a loan haircut of the loan amount that exceeds 120 percent... up being a safety net for those in serious financial distress but willing to meet their mortgage... teleconference involving the institutions, government officials and Greek bankers has been lined up
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Turnover in tourism grows by 2.8 pct during Q4 and 9 pct in 2018
EconomyMacroeconomypredicts that tourist numbers could reach up to 30 million in 2018, but warns of competition picking up... went up by 10.2 percent in the month and by 12.8 percent in the year to date.
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Deliberations over primary residence bill set to delay green light from Eurogroup
EconomyProgrammeand the cancellation of the step-up interest rates on Greece’s loans. Should the ministers not give..., the banks reportedly highlight. As it stands, up to 11 billion euros worth of non-performing loans would... in DEPA retail will be put up for sale.
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Disbursement delayed until April as lenders wait for primary residence law to be settled
EconomyProgrammethe government and the institutions over the new primary residence framework are holding up the green light...-clear from the Eurogroup would not scupper its market strategy and having built up a cash buffer... assess whether they are eligible for protection, to be up and running.
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Car sales rise by 15.7 pct in Feb
EconomyMacroeconomywith the absolute figure standing at 12,913. The remainder was made up of lorries (2,386), motorcycles... in the first two months were made up of motorcycles (3,831), lorries (5,110) and buses (288). Motorcycle..., sales of motorcycles were up by 16.7 percent, compared to an increase of 15.2 percent in February 2018
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IMF outlines areas in which Greece needs further reforms, where it should apply caution
EconomyProgrammein 2019, up from 2.1 percent last year. Growth is seen slowing down to 2.2 percent next year and 1.6... that it is imperative for fiscal policies to free up space that will allow the lowering of tax rates, lead... should aim for a prompt and sustainable clean-up of the financial system. As a result, participating
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