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New Left leader quits as progressives continue to search for coherence
PoliticsGreek Politicspoll The latest GPO poll for the iefimerida news website provides a quantitative backdrop
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Athens balancing diplomacy and defence amid Middle East turmoil
PoliticsForeign Policythis backdrop, Athens has already activated crisis‑coordination mechanisms. Repeated inter
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Disposable income plunged 9.3 pct in Q2, dragging consumption down with it
EconomyMacroeconomyGreek household disposable income fell by 3.1 billion euros or 9.3 percent year on year (yoy) in the second quarter of 2013 and reached 30.1 billion, according to the Hellenic Statistical Authority (ELSTAT). The latest data indicates an accelerating dec...
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Deposits down for fourth month in a row as tax obligations rise
EconomyMacroeconomyGreek private sector deposits marginally slipped 0.53 percent month on month (mom) in September with balances reaching 161.35 billion euros. Net flow remained in negative territory for the fourth consecutive month with outflows increasing at 719 million...
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Manufacturing PMI slightly down at 47.3 in October
EconomyProgrammeGreek Manufacturing PMI slightly eased to 47.3 in October from 47.5 in September, falling further from the 44-month high of 48.7 in August, according to Markit. Unlike the past two releases, the October reading, posting back-to-back falls for the first ...
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Apartment prices down 9.2 pct in Q3 as lifting of foreclosure ban mulled
EconomyMacroeconomyApartment prices in the Greek market fell by 9.2 percent in Q3 at a slightly decelerating pace compared to Q2 performance (-11.8 percent), according to the Bank of Greece (BoG). At the same time the nosedive in the respective transactions remains unabat...
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October C/A deficit drops to 351 mln, down 39.1 pct over year
EconomyMacroeconomyGreece's October current account (C/A) balance showed the deficit shrinking to 351 million euros from 577 million last year, according to the Bank of Greece (BoG). The 39.1 percent year on year (yoy) drop mainly reflects an increase in the services surp...
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Another dive for compensation in Q3 drags disposable income, consumption down
EconomyMacroeconomyGreek household disposable income fell by 2.6 billion euros or 8 percent year on year (yoy) in the third quarter of 2013 and reached 30.4 billion, according to the Hellenic Statistical Authority (ELSTAT). The latest data indicates a slightly deceleratin...
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Building activity nosedived for the fourth straight year, down 27.6 pct in 2013
EconomyMacroeconomyFollowing a temporary jump by 36.2 percent in November, Greek building activity (as measured by the number of building permits) resumed a negative trend in December diving by 29.6 percent according to the Hellenic Statistical Authority (ELSTAT). The mon...
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Greek deposits down 0.3 pct in Feb, credit contraction stable
EconomyMacroeconomyGreek private sector deposits fell 0.3 percent month on month (MoM) in February, with balances reaching 160.54 billion euros, according to the Bank of Greece (BoG). Net flow remained negative for the second month in a row with outflows easing to 318 mil...
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