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Government and banks reach deal over new scheme to protect main homes
EconomyProgrammeof the mortgage, where the upper level has been set at 130,000 euros. The new system will also include under its... subsidy that will be available to some homeowners. The government has reportedly set aside 450... the institutions as it will mean that one of the biggest post-bailout commitments has been met
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Eurosystem funding falls by 1.16 bln in Dec, banknotes increase for fifth month
EconomyMacroeconomy, the Bank of Greece's (BoG) final financial statement for 2018 has revealed. As of December, the total... to 10.12 billion. In recent months, ELA funding has been steadily falling. In January this year, BoG... banks has steadily declined by 115.50 billion euros. The spike in funding had stemmed from
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SYRIZA keeps up calls for cooperation but with focus on voters rather than parties
PoliticsGreek Politics) and centrist To Potami. Nevertheless, SYRIZA has no intention of abandoning its efforts to appear... opponents has usually prevailed in the past, and more to do with the fact that the key election battle... that SYRIZA will become the clearly dominant force on the centre-left after the ballot. As such, SYRIZA has
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Wages index up by 4.9 pct in Q4 to reach highest level since 2012
EconomyMacroeconomyin the previous quarter. The index has not seen at this level since 2012 when it stood at 99.9, before dropping sharply to 88.3 in 2013. The index has been above the 90-point mark since Q3 of 2017. The record... 2015 at 85.2. Since its peak, the index has declined by a quarter on the back of the negative impact
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Unemployment rate inches up to 18.7 pct in Q4
EconomyMacroeconomy2011 that the rate of unemployment has been below 20 percent. Compared to the same period last year, the jobless rate has declined by 2.5 percentage points (pp) from the Q4 2017 figure of 21.2 percent... also has the lowest overall rate of unemployment. The highest rate of unemployment for those aged
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Tsipras visits Skopje to highlight name deal positives as implementation work continues
PoliticsForeign Policyis spoken by citizens of my country and this has no relation with Greek Macedonians.” One... scrutinised. Their request has not been denied by the Greek side since as it has been said the Greek school
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Building permits drop by 10.2 pct in Jan
EconomyMacroeconomyincreased by 21.8 percent. Greece’s construction sector has remained subdued in recent years as both... crisis hit and the construction downturn began. At 15,325 permits, the total for 2018 has surpassed..., construction confidence has risen by 7 points.
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Retail turnover falls by 2.3 pct in Feb, volume drops by 3.3 pct
EconomyMacroeconomy. The headline figure means that the index has remained negative for three consecutive months so far.... As with the retail index, the volume index has stayed negative for three consecutive months. Compared..., consumer confidence has improved notably by 20.5 points.
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Athens revises projections in Stabilty Programme, sees more fiscal space in coming years
EconomyProgramme. Although Greece has committed up to 2022 for a primary surplus of 3.5 percent the current policy... translates into roughly 5.5 billion euros of fiscal space. It is reported that the Finance Ministry has been... benefits or handouts. The main objective will be to reduce some of the tax burden that has
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Building permits drop by 5.1 pct in Feb
EconomyMacroeconomyhas remained subdued in recent years as both private and public construction projects were halted due... permits, the total for 2018 has surpassed the total for 2017 by 1,478 permits. However, the total... points to -49.5 from -48 in March. Compared to the same month last year, construction confidence has
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