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Focus turns to first post-MoU visit by creditors and talks on pension cuts
EconomyProgrammeGreece’s post-programme era, which officially began on Tuesday, is to start in earnest on September... FM on Wednesday, Labour Minister Efi Achtsiouglou stressed the Greek government’s belief... strong and there is no fiscal balance or sustainability issue for the future,” she said. “Greece’s
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SYRIZA elects new secretary as Tsipras sets stage for election contest
PoliticsGreek Politicsby an overwhelming majority on Monday. Skourletis’s election is expected to pave the way for Tsipras.... The SYRIZA leader’s decision to appoint a frontline minister as party secretary was interpreted... debate dominates the public discussion. Apart from allowing the prime minister to tap into Greece’s
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Crisis-era productivity in Greece lowest among OECD countries
EconomyFeatures, as Greece’s government prepares to gradually raise the minimum wage, it will be expected to also present... that Greece’s productivity has been historically low due to a relatively low openness of the economy... and competitiveness within the EU. To this end, the efforts of Greece’s government should focus on reforms
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Economic sentiment remains stable as retail confidence materially improves
EconomyMacroeconomyGreece’s economic sentiment (ESI) remained broadly unchanged in August dropping by 0.1 points.... Following August’s reading, sentiment now stands for five consecutive months above the 100-point mark. It also matched the figure of June 2014. Greece’s economic sentiment has kept above 100
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Athens eyes cancellation of pension cuts as Tsipras prepares Thessaloniki package
EconomyProgrammethe 1 percent of GDP in pension cuts due next year. Ahead of the first meeting of Alexis Tsipras’s new..., reportedly insists that the reductions are still necessary. “The IMF’s insistence on pension cuts, as has... and budget issues were not discussed at yesterday’s Euro Working Group meeting. The only item
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GDP growth slows to 0.2 pct QoQ in Q2 due to lower investment, higher imports
EconomyMacroeconomyGreece’s seasonally adjusted (SA) GDP grew by 0.2 percent quarter-on-quarter (QoQ) in the second... finance ministry’s (MoF) forecasts that were incorporated in the Medium Term Fiscal Strategy, private... will grow by 3.9 percent and services by 5.9 percent. 2018 outlook Regarding the MoF’s own forecasts
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No final word on pension cuts as lenders prepare for return to Athens next week
EconomyProgrammerelating to next year’s budget. The institutions are due to arrive in Athens on September 10... on the matter before a final decision is taken, he added. According to the official’s reported... targets, as shown in the Bank of Greece’s quarterly NPL monitoring reports,” he said. “However
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Building permits rise by 16.2 pct in June and 7.5 pct in first half of year
EconomyMacroeconomymonthly headline figure marks three months of growth after March’s decline which was the first negative... January’s year-on-year (YoY) rise of 18 percent. Additionally, permits came to 1,374, staying above... to the permits rose by 15.5 percent while volume rose by 13.2 percent. Greece’s construction sector
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Card transactions in Greece experience boost due to capital controls
EconomyBankingeuros. The ECB’s own data highlighted that while Greece’s card transactions are on the rise... card payments as part of Greece’s payment culture rather than a phenomenon brought about by capital
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Births rise slightly, divorces fall in latest living conditions report
Societyrevealed a mild improvement in several areas, while capturing how the country’s economic troubles... percentage points, and by 19 percentage points for women. Marriages ELSTAT’s data showed that civil..., an improvement on last year’s rate of 91,847. Historically, deaths outpaced births for the first time in 1996
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