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IMF adds to calls for no further delays to e-auctions
EconomyProgrammefor clarification from the government about an apparent gentleman’s agreement with the banks that will see only...’s parliamentary group earlier this week. The chairman of the Hellenic Bank Association, Nikos... (SSM) in the spring. Prior actions Greece’s Energy Ministry is expected to announce in the coming days
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Greece bottom of the list on EU social justice index
Societybeen carried out annually since 2008. The EU average score stood at 5.85, improving on last year’s... of downward movement. Greece’s score has been slowly improving since 2014, but when compared... on “the government’s reluctance to implement measures which would facilitate job creation in the private
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Orthodox Christianity survey reveals strong influence on Greek society
Societythat Greeks feel to the country’s national religion. Overall, the survey showed that Orthodox Christianity... and South Asia. In 1910, 91 percent of the world’s Orthodox population lived in Europe. By 2010... surveyed, Greeks had the highest rate of approval for the Orthodox church’s position on allowing
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Final budget sees strong growth, fiscal overperformance in 2018
EconomyMacroeconomy, the government is making a significant concession on the growth front for 2017. Macro This year’s... revised to 20.2 percent in 2018, after settling at 21.7 percent in 2017 according to ELSTAT’s labour... that the Finance Ministry has earmarked 300 million in revenues from Athens’s old airport
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Deposit inflows of 1.04 bln in October for banks
EconomyMacroeconomyon September’s figure of 1.88 billion. This is attributed to sight inflows of 1.34 billion combined... in October to come to 136.95 billion. BoG’s monthly financial statement recently showed that Eurosystem... to 37.34 billion euros, the lowest reading to date. The ECB’s most recent reduction in emergency
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Piraeus Bank posts net loss of 19 mln euros in Q3, NPEs continue to fall
EconomyBankingPiraeus Bank’s third quarter (Q3) results showed a net loss of 19 million euros, undoing the net... coverage ratio at 69.7 percent, up from Q2’s figure of 68.2 percent. Management noted that out... market trends. He noted that the bank’s management was working towards delivering its operational
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November PMI at 52.2 as new business growth hits 45-month high, hirings reach 18-year peak
EconomyMacroeconomyGreece’s Manufacturing PMI marginally increased by 0.1 points in November to 52.2, with the index remaining above the 50-mark threshold for the sixth consecutive month. Markit’s PMI data indicated... reason for fastest rate of adding workers in the survey’s 18.5 year history. Higher demand and enhanced
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After reaching SLA, Athens focuses on prior actions and next bond issue
EconomyProgrammefor the concluding phase of the programme.” Monday’s meeting of eurozone finance ministers is expected... with Greece’s efforts to tap the markets again. Until recently, the likeliest scenario for another... to the government’s proposal that if a company declares bankruptcy, its workers will be first in line
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GDP growth slows in Q3 amid lower 2017 forecasts
EconomyMacroeconomyGreece’s seasonally adjusted (SA) GDP grew by 0.3 percent quarter-on-quarter (QoQ) in the third..., Greece’s GDP grew by 1.3 percent thanks to 10.6 percent rise in gross capital formation and a 7.8... by 0.1 percent QoQ and 1 percent YoY. Final consumption retains the lion’s share of GDP, making up
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Strike legislation, auctions present Athens with challenges in wake of SLA
EconomyProgrammethe ninth anniversary of teenager Alexandros Grigoropoulos being murdered by a policeman. Greece’s lenders.... During Tuesday’s press briefing government spokesman Dimitris Tzanakopoulos insisted that low-income... of Commerce conference in Athens on Tuesday, the head of the European Commission’s mission
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