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Unemployment at 18.6 pct in October as unemployed fall by 12.2 pct year-on-year
EconomyMacroeconomyunchanged from September, October’s figure marks the seventh consecutive month that unemployment has... 3.84 million people, marking the sixth time that the figure has exceeded 3.8 million since February... to 23.1 percent. This figure has been in decline since the high of 31.6 percent in May 2013
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Kammenos walks out on coalition, triggers confidence vote that will affect timing of elections
PoliticsGreek PoliticsTsipras can reach the 151 out of 300 MPs he needs for a parliamentary majority. SYRIZA has 145 MPs... of To Potami’s six MPs, Spyros Danellis, who has suggested that he will back the government even though... involved in such a process but Kammenos has already made it clear how he intends to campaign
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Lenders put spotlight back on pending reforms ahead of second post-MoU review
EconomyProgramme. He said that only if the lenders are satisfied Greece has accomplished these tasks will about 700... also showed that in certain outstanding actions, progress has not been made. For example... has suffered significant delays with no appointment completed until the time of the report’s
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To Potami expected to provide clinching votes in vote on name deal
PoliticsGreek Politicsthe deal. SYRIZA has 145 lawmakers but is also counting on the votes of former Independent Greeks...-left lawmakers that favours the deal. Also, there has been much speculation about what stance George... of elections, providing Tsipras the chance to convince voters that it has no future
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Unemployment rate at 18.5 pct in Nov as jobless drop below 900,000
EconomyMacroeconomy, the unemployment rate came to 21.1 percent. Unemployment has continued to slowly fall over the last... reached 3.87 million people, marking the seventh time that the figure has exceeded 3.8 million since.... This figure has been in decline since the high of 31.6 percent in May 2013. The unemployment rate
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Primary residences and lignite units top agenda ahead of Eurogroup
EconomyProgrammerelated to the post-bailout commitments the government has to complete. The European Commission is due... pressure to show progress on a number of fronts. One of the key issues that has to be resolved is what... seems to be that SYRIZA has suggested a three-step process for addressing non-performing mortgages
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EU officials suggest frantic days ahead for Athens until March 11 Eurogroup
EconomyProgrammeon February 27 “is likely to say that Greece has not completed the agreed reforms.” The unnamed official... the courts hear the cases in question. APS The Finance Ministry has also sent another proposal to Brussels...’ balance sheets. This has to do with the scheme that was put together by the Hellenic Financial
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Greece attracts strong interest and yield below 4 pct for first 10-year bond since 2010
EconomyThe positive sentiment around Greek sovereign debt, which has been evident since the turn.... The yield of the previous such issue in March 2010 was 6.3 percent. Greece has not seen yields of below... of its annual issuance target and has a substantial amount of new cash to be added to its cash buffer
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PDMA releases details of 10-year bond, highlighting strong interest
EconomyGreece’s Debt Management Agency (PDMA) has provided the details of the country’s second bond... of the previous 5-year issue roughly a month ago. The PDMA notes that the new 5-year has performed well during its first month of trading and since issuance the yield has dropped by nearly 1
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Building permits down by 7.5 pct in Dec but up by 10.3 pct during 2018
EconomyMacroeconomypercent while volume increased by 21.8 percent. Greece’s construction sector has remained subdued... has surpassed the total for 2017 by 1,478 permits. However, the total for the year is roughly 84... interest, meanwhile, has been slower to pick up as Greeks face ongoing capital control restrictions
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