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Unemployment nudges down to 24.6 pct in Sept
EconomyMacroeconomyof this reversal in unadjusted data in September, Greece’s labour market has substantially benefited... in the movement of capital and cash in Greece. Since March this year, employment has gained just under... of 27.9 percent. The Aegean has by far the lowest with 16.1 percent. The challenges in the Greek labour
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Management of NPLs to test gov't in negotiations with lenders
EconomyFollowing an agreement on foreclosures that was part of the first set of milestones, Greece now has... the 13 prior actions the government has to implement by mid-December to unlock the next sub-tranche... bank has signed an agreement with a foreign company on the NPL management. Alpha signed at the end
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The year that Greece (nearly) saw it all
AgoraSince the Greek crisis began, the action has hardly stopped. But even by its standards, Greece... has been full of contradictions for Greece: Yanis Varoufakis became a global household celebrity... was reelected in September to do just the opposite. MacroPolis has been present throughout
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Gov't hits back as pension reform row heats up
EconomyProgrammeThe government has hit back in the public relations battle over its proposed pension reforms... landscape is completely different with that of 5 years ago since GDP has shrunk by almost 22 percent... pension has dropped by 41 percent over the last five years to 863 euros in January 2015 from 1,480
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Economic sentiment and consumer confidence improve in Dec
EconomyMacroeconomy. Since the signing of the third bailout programme, it has gained almost 12 points. During the bailout years, Greek ESI reached a high of 104.2 in June 2014 but has been on a downward trend since. Consumer... 11 points to -64.8 in the 8-month period but has recorded gains of 3.7 points since then. During
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Pressure on Greece to stem migrant flow puts strain on EU ties
PoliticsGreek Politicsspots ready by the end of February. Only one, on Lesvos, has been completed so far. The EU hopes... of crossings drop, while the number of migrants reaching Germany has also fallen since Austria became stricter... treated over a crisis it has not caused (which is the prevailing sentiment at the moment) and the EU
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Gas provides Greece, Cyprus and Israel chance to bolster ties
PoliticsForeign PolicyAnkara’s spat with Moscow, contact between Turkey and Israel has intensified. Greece is hoping... cooperation between the three countries but it is clear that Greek Prime Minister Alexis Tsipras has much convincing to do if Israel is going to choose to use Greece as a hub for its gas. It has not gone
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Tsipras caught between social tension and lenders' pressure as talks begin
PoliticsGreek Politicswill insist on cuts to existing pensions. The government, including Tsipras, has repeatedly... for a potential deal appears slim at the moment. He has shown no intention so far of reaching out to any... for building consensus or creating a broader coalition. New Democracy leader Kyriakos Mitsotakis has promised
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Unresolved pensions issues complicate the fiscal front
EconomyProgrammehas ruled unconstitutional the pension cuts imposed in twice in 2012 with the overall impact... applications for pension for which the process has been delayed for technical, bureaucratic or other... in 2013, KEAO has collected SSCs of almost 1 billion.
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Negative deposit flow of 1.12 bln in Jan
EconomyMacroeconomysplit between social security funds (2.55 billion) and local government (2.33 billion). The BoG has.... Since July, central bank funding has dropped by 19.1 billion until the end of December primarily..., the ECB has lowered the ELA ceiling for Greek banks by a cumulative amount of 19.6 billion euros
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