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  1. Unemployment in Greece falls to 19.5 pct in May, below 20 pct for first time since Sept 2011
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    that the unemployment has dropped below the 20 percent mark since September 2011 when it stood at 19.2..., which is the first time that the figure has exceeded 3.8 million since February 2012... to April. Against the same month last year, the number of unemployed has fallen sharply by 113,718

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  2. Retail turnover in June grows strongly led by fuel and supermarket sales
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    has remained positive for five months in the first half of the year with February the only negative... down 4.2 percent growth in May. As with the sales index, February has been the only month this year... has remained positive throughout the year, having improved by 20.1 points year to date, reaching

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  3. Q2 wages index falls by 0.4 pct QoQ and rises by 2.6 pct YoY
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    quarter marks four straight quarters where the seasonally adjusted index has remained over the 90-point... was recorded in Q1 2000. Since its peak, the index has declined by a quarter on the back... now out of its final bailout programme, the government has been keen to win over voters with a focus

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  4. Mortgage loans a key piece of NPL reduction puzzle

    EconomyBanking

    . In particular, the mortgage sector has displayed poor performance when it comes to bringing down..., mortgage lending has continued to be the one sector where bad loans are not falling at a fast enough pace... to be formally submitted for NPL reduction targets between 2019-2021, a separate category has been

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  5. Retail turnover in July up by 4 pct as volume rises 2.5 pct
    Photo by Pavlos Svoronos/Fosphotos

    EconomyMacroeconomy

    index has remained positive for five straight months so far. Apart from the negative reading in February, the index has remained positive throughout this year. The corresponding volume index also grew..., February has been the only month this year that the volume index fell into negative territory. Compared

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  6. Equivocal Macedonia name referendum leaves Athens hanging on as views differ

    PoliticsGreek Politics

    ) on the agreement with Greece to rename the Balkan country North Macedonia has triggered doubts regarding... Minister Panos Kammenos, has said he and his Independent Greeks (ANEL) party will not support... settlement in the months to come or whether the process has hit a brick wall as a result of the turnout

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  7. Amid market turbulence, Greece searches for scheme to help banks reduce bad loans
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyBanking

    deleveraging throughout the crisis has hampered their core business and subsequently their profitability... of Cyprus to Piraeus in 2013. The deleveraging has taken the stock of loans in Greece to just over... are not available yet, this type of solution has been used by other countries that have faced banking

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  8. Unemployment at 19 pct in July as inactive population increases
    Photo by Angelos Christofilopoulos/Fosphotos

    EconomyMacroeconomy

    that unemployment has remained under 20 percent. During the month, employment fell by 32,616 people... that the figure has exceeded 3.8 million since February 2012. The numbers of those unemployed also...) from last year to 23.7 percent. This figure has been in decline since the high of 31.6 percent

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  9. Retail turnover increases by 4.3 pct in August, volume rises 3.2 pct
    Photo by MacroPolis

    EconomyMacroeconomy

    has remained positive for six straight months so far. Apart from the negative reading in February, the index has remained positive throughout this year. The corresponding volume index also grew by 3.2 percent from downward revised growth of 2.3 percent in July. As with the sales index, February has

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  10. Appeals over past pension cuts sow confusion about potential fiscal impact of backpay
    Photo by MacroPolis

    Economy

    backpay for income lost due to the pension cuts in 2012 has put the spotlight back on a decision... in 2012 as unconstitutional. This, in turn, has placed the focus on the potential fiscal implications of this decision for the pension system. The issue has surfaced at an unwelcome moment

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