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Rare rise of 2.1 pct in Q3 for Greek wages index
EconomyMacroeconomywas inflated since it incorporated the 14th salary (Christmas bonus) which has been paid in Q1 instead of Q4... YoY changes of other EU countries, since Eurostat has not yet released the relevant data for those
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Piraeus Bank seals milestone deal with KKR over 1.2 bln of non-core assets
EconomyBankingIn an unusual move by the standards of the Greek banking sector, Piraeus Bank has announced an agreement with leading global investment firm KKR for the transfer and securitisation of 1.2 billion... and Millennium Bank) over the past two years, Piraeus has the highest NPL ratio among its domestic peers at 39
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Coalition to gain more support for president but still short of 180
PoliticsGreek Politics, Thomas Psyras, has not commented publicly. A meeting of the party’s executive committee on Monday... is around 170, Samaras will need defections from DIMAR and Independent Greeks, which has 12 MPs, to reach
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Greek PM offers no more incentives for presidential vote, braces for snap elections
PoliticsGreek PoliticsPrime Minister Antonis Samaras has decided not to increase the offer he made last Sunday in a bid to secure the election of Stavros Dimas as president in the third and final vote on Monday. Speaking... be exposed in an election campaign. The prime minister has not made the last comment before
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Tsipras delivers SYRIZA's first, tempered message of Greek election campaign
PoliticsGreek Politicsthan twice the 11.4 billion euros the opposition party claimed. SYRIZA’s programme has four themes... to 751 euros per month from 586 euros. It also has a plan for creating 300,000 jobs in the private
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General government cash surplus widens to 3.68 bln in November, arrears down by 502 mln
EconomyMacroeconomythe 500-million mark, at 369 and 435 million respectively. Note that SSF surplus has narrowed by 80.... Although MoF has not further elaborated on these repos, November figure indicates
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Greek time deposit rate down to 1.88 pct in November, lowest since euro entry
EconomyMacroeconomydeposit rate reached a high of just over 5 percent in June 2012 and has slipped by more than 3 percentage points since. Although the Greek time deposit rate has sharply retreated, it still remains well
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Third of Greek households trapped in debt and poverty, study suggests
Societylargest small- and medium business association has found. In its study on household income and expenditure... of the financial crisis, which has fuelled the trend towards inequality. Just under half of those
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The demand for Greek debt relief: Is the cart being put before the horse?
AgoraThe focus of economic debates during this electoral campaign in Greece has tended to converge on one issue: Is the country’s accumulated public debt sustainable or does it need to be restructured... bargain has been achieved. But the devil is in the details of the second leg of these November 2012
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Review completion and SMP redemptions will decide Greece's QE eligibility
EconomyProgrammebegan in September but has not been completed. The indicative amount for Greece stands at around 31... by NB at 1.1 billion. Piraeus has the smallest GGB exposure at 0.5 billion. The ECB decided
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