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Fraud probe at Hellenic Postbank a sign of bigger things to come?
PoliticsGreek Politicsover bribes for military procurements. It was a major moment for the Greek justice system, which..., which is overseeing the recapitalisation of Greek lenders, in January. Sakellariou had previously
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New Democracy and SYRIZA on campaign footing but for how many elections?
PoliticsGreek Politicsto come later this year. The Greek premier is seeking to assure lenders there will be no surprises from... of fiscal health & revival" #GR2014EU pic.twitter.com/OD6SMHujEY — Greek EU Presidency
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Building activity posts first rise in 20 months but overall picture grim
EconomyMacroeconomyGreek building activity (as measured by the number of building permits) rose by 4.1 percent year-on-year (yoy) in October for the first time since February 2012, according to the Hellenic Statistical... is among the worst affected by the Greek crisis. The evolution of housing loans balances, which
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Greece records primary cash deficit in 2013
EconomyMacroeconomy71.42 billion in 2011 to 57.8 billion in 2013, a 19 percent reduction. The benefits of the Greek debt restructuring and the reduced margin on interests in the bilateral loans to Greece, known as Greek
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Despite pledges, Greeks uncertain and feel recovery will take years
Societyand that growth would come soon. In fact, the Greek economy is expected to grow by 0.6 percent of GDP this year, the first increase in national output since 2008. The Greek public, though, has heard promises
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Another dive for compensation in Q3 drags disposable income, consumption down
EconomyMacroeconomyGreek household disposable income fell by 2.6 billion euros or 8 percent year on year (yoy) in the third quarter of 2013 and reached 30.4 billion, according to the Hellenic Statistical Authority... income has retreated by 29.1 percent over the last four years, underlining the severe impact Greek
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Sales season pushes November retail volume to growth for the first time since March 2010
Economythe continued erosion of Greek households’ disposable income on lower compensation of employees.... In absolute numbers, this corresponds to 9.7 billion euros being wiped out from Greek households
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Building activity up by 36.2 pct in Nov as rebound continues
EconomyMacroeconomyGreek building activity (as measured by the number of building permits) soared 36.2 percent year-on-year (yoy) in November posting a positive growth for the second straight month, according... that this specific sector is among the worst hit by the Greek crisis. The evolution of housing
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Building activity nosedived for the fourth straight year, down 27.6 pct in 2013
EconomyMacroeconomyFollowing a temporary jump by 36.2 percent in November, Greek building activity (as measured by the number of building permits) resumed a negative trend in December diving by 29.6 percent according... and the Greek government has been achieved while EU financial support of 3 billion was confirmed
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Primary surplus at 2.1 bln in Feb, ahead of budget execution target
EconomyMacroeconomyfor us, and especially for Greece, that the troika and the Greek government arrive at an agreement... recapitalisation after the Bank of Greece identified Greek banks’ capital needs at 6.4 billion euros by the Bank
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