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  1. SETE study presents short- and longer-term prospects of Greek tourism
    Photo by MacroPolis

    EconomyMacroeconomy

    , the additional tax burden over the last 12 months has resulted in a reduction of the Greek tourism... in 2016. SETE points out that the average expenditure per trip has recorded a notable drop... the number of overnights has dropped from 10 days to less than 8 in 2015 and is expected to remain

    2%

  2. Mitsotakis tends to internal disputes ahead of renewed assault on Tsipras
    Photo via @kmitsotakis

    PoliticsGreek Politics

    of the previous headquarters (9,800 vs 95,000). Given the party has debts of more than 200 million euros... ago, the new president has suffered some criticism from party colleagues. Some moderates in New... to Tsipras, Mitsotakis also has to find a way to unite his party and overcome internal fractures

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  3. Apartment prices drop by 2.7 pct in Q2, slowest rate since Q1 2010

    EconomyMacroeconomy

    decrease recorded in 2014. The biggest drop of 11.7 percent over the past seven years has been posted in 2012, while the rate of fall has decelerated since then. At the same time, housing loans have... classified as non-performing exposures (NPEs) at the end of Q1. In addition, building activity has tumbled

    2%

  4. Tsipras puts proposals to socialist leaders, resumes bailout talks ahead of review
    Photo via @PrimeministerGR

    PoliticsGreek Politics

    of the process for the next bailout review to begin. Athens still has 15 prior actions to complete ahead... government has made it clear that it is not willing to accept further liberalisation of the labour market... becoming a contentious issue politically, as until now the government has mostly been targeted

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  5. Retail sales drop for thirteenth straight month by 5.2 pct in June
    Photo by MacroPolis

    EconomyMacroeconomy

    and 0.7 percent respectively. Since 2010, the retail turnover in the Greek market has slumped 28.5 percent largely reflecting a nosedive in household disposable income that has been cut by almost one... the turnover has plunged 51.4 percent over the past six years, while big drops have been also

    2%

  6. Unemployment rate edges down to 23.4 pct in June, lowest since March 2012
    Photo by MacroPolis

    EconomyMacroeconomy

    million. It is worth noting that the number of employed has grown by 61,700 over the last twelve months, but has been rising at decelerating pace over the last three months. In addition, the number of unemployed has declined by 73,500 over the same 12-month period. ELSTAT figures show that the non

    2%

  7. Eurosystem funding falls by another 4.4 bln in August
    Photos by Dennis Skley via Flickr https://flic.kr/p/qcppmH

    EconomyMacroeconomy

    repos, according to market sources. It is worth noting that the ELA funding has been trimmed..., Eurosystem funding has been reduced by 48.12 billion euros since the end of June 2015, mostly due to a decrease in the ELA funding by 37.87 billion, while ECB funding has retreated by 10.24 billion over

    2%

  8. Government tries to limit damage from corruption claims but more tests lie ahead

    PoliticsGreek Politics

    a transparent and fair auction for TV licences, the Greek government has started to hit back against accusations... be the chink in Tsipras’s armour. The state minister is the premier’s closest adviser and has been... recovery could be higher than the 2.7 percent of GDP that has been forecasted. He stressed the important

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  9. Tsipras encounters SYRIZA resistance, waits for court verdict on TV licences
    Photo by MacroPolis

    PoliticsGreek Politics

    Prime Minister Alexis Tsipras has been given a reminder by his party that he will not have it all... the liberalisation of the energy market that has been agreed with the lenders. The stance of the 53... licencing procedure, which he took it upon himself to oversee, has weakened his position and triggered

    2%

  10. Bank credit contracts by 1.7 pct in September on loan deductions of 355 million

    EconomyMacroeconomy

    in August. Since the beginning of the year, the corporate lending sector has recorded deductions... has remained persistently negative since the beginning of 2011 with cumulative deductions of around 40 billion dragging loan balances down 23 percent over this period. Consumer credit has posted

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