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Public admin shrinks by 11 pct during crisis, share of employment stays below EU average
SocietyGreece cut its public administration workforces from 2008 to 2013 by 11 percent according to research and figures published last month by Eurofound, the EU’s research agency for social and labour-related issues. While Greece witnessed the same rate of r...
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Income inequality in Greece has grown during crisis, OECD report shows
SocietyIncome inequality between the richest and poorest in Greece society has increased over the past few years, with the top tenth of society earning 12.3 times more than the poorest in 2012, up from 10.5 in 2007, a report from the Organisation for Economic ...
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Greek stocks rise by 16 pct during week on hopes of deal in Brussels
EconomyThe Greek stock market ended the week with gains of 16 percent following a relief rally in the first two sessions amid increased optimism for an agreement between Greece and its lenders. Since then the market slightly corrected on Wednesday and rebounde...
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Greek stocks gain 3.5 pct during week as investors wait for election fog to clear
EconomyGreek shares traded mostly on positive ground this week, with the Athens Stock Exchange general index recording gains of 3.5 percent. Although turnover rebounded, it still remained subdued and way below the levels seen before the imposition of capital c...
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Weak banks drag Greek stocks down by 6.5 pct during week
EconomyGreek shares fell by another 6.5 percent this week amid a continued bank weakness, which plunged at double-digit rates for the fifth successive week. Turnover rebounded strongly after Alpha and Eurobank new shares commenced trading on Wednesday. The gov...
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Greek stocks down by 4.8 pct during week for third straight fall
EconomyThe Greek stock market was down 4.8 percent this week for its third successive fall, which was fueled by trading reasons related to the stock overhang after the introduction of new bank shares as well as the rebalancing of stocks’ weightings in various ...
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Greeks' health seen getting worse, negative feelings growing during crisis
SocietyThe economic crisis has given rise to negative feelings such as insecurity, anxiety, fear, anger, frustration and sorrow among 44 percent of Greeks, with higher percentages recorded among people on low incomes, according to research conducted by the Nat...
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Banks lead Friday rebound to take Greek stocks up by 2.3 pct during week
EconomyThe Greek equity market rebounded by 4.9 percent on Friday, leading to weekly gains of 2.3 percent as earlier losses were eclipsed. The sharp rise on Friday, the biggest since mid-February, was triggered by the ESM decision to lift the restrictions impo...
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Stocks surge 5.4 pct during week amid hopes for swift conclusion of review
EconomyThe Greek stock market traded in positive territory this week in almost all the sessions, ending the week up 5.4 percent as the investor sentiment improved in the aftermath of progress in most areas of the first programme review. The Eurogroup on Friday...
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Greek stocks fall 3.7 pct during week on inconclusive discussions with lenders
EconomyThe Greek stock market shed 3.7 percent this week in the aftermath of the inconclusive discussions of Greek government and the mission chiefs on the first programme review and the postponement of the Eurogroup that was initially due on Thursday. The Fin...
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