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No imminent decision on pension cuts as Athens moves ahead with minimum wage increase
EconomyProgrammedecision on whether next year’s pension cuts will have to be implemented will not be taken before... is that the lenders want the Eurogroup to have a complete picture regarding Greece’s fiscal position... ministers to decide whether to accept the government’s request to cancel the pension cuts. It should
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Mortgage loans a key piece of NPL reduction puzzle
EconomyBankingthat in the second quarter (Q2) of the year, Greece’s four systemic banks had met their NPL reduction... at the start of September, the European Central Bank’s Governing Council member Benoit Coeure said that one of Greece’s top priorities as it moved out of its support programme should be reducing NPLs
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Divisions emerge within ANEL over vote on Macedonia name deal
PoliticsGreek Politics. Another deputy from Kammenos’s party, Thanasis Papachristopoulos distanced himself the leader’s... percent of respondents prefer neither. One the issue of next year’s pension cuts, 43 percent
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Hirings balance in August turns negative by 7,748
EconomyMacroeconomyThe employment balance slipped into negative territory in August with 7,748 more departures than hirings during the month, data from the Labour Ministry’s Ergani information system revealed. August’s..., though slowing from July’s negative figure of 8,610. Compared to August last year, the balance has
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Primary cash surplus up to 16.76 bln in Aug on improved revenues and cash buffer disbursement
EconomyMacroeconomyGreece’s central government primary cash balance recorded a surplus of 16.76 billion euros... in the aggregate period was driven by August’s performance, showing a primary balance for the month... euros against last year’s total of 29.04 billion. Year-on-year, expenditure for the month rose by 861
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Countdown to Macedonia name deal vote has PM weighing up support
PoliticsForeign Policyis the handing over of the Macedonian language and identity to Greece’s neighbour. Athens decided... the the Greek government’s task of gaining support for the agreement even more difficult. If the referendum's... polls due to the agreement and Tsipras’s standing in Europe is benefitting from being seen to solve
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Economic sentiment drops in September to 101.3, consumer confidence picks up
EconomyMacroeconomyGreece’s economic sentiment (ESI) fell by 3.9 points to 101.3 in September compared to 105.2 in August, European Commission (EC) figures revealed on Thursday. September’s reading marks six straight... by 8.8 points and by 5.4 points since the start of the year. September’s reading is the most improved
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Greece moves closer to lifting all capital controls as limits on cash withdrawals removed
EconomyMacroeconomyGreece’s Finance Ministry (MoF) announced late on Thursday that further relaxations were being... was forthcoming in light of both the ministry’s roadmap to relax and eliminate capital controls... to the MoF’s latest announcement, the previous round of capital control relaxation took place in June
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Retail turnover in July up by 4 pct as volume rises 2.5 pct
EconomyMacroeconomyGreece’s retail sales index increased by 4 percent in July after June’s figure was slightly revised down to 3.1 percent, Hellenic Statistical Authority (ELSTAT) data showed on Friday. The headline... the start of the year. September’s reading is the most improved in the year so far, and the best since
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Manufacturing PMI dips slightly to 53.6 pts in September as sentiment remains strong
EconomyMacroeconomyGreece’s Manufacturing PMI declined slightly to 53.6 points in September from 53.9 points in August... activity. Despite continuing to grow, September’s activity marked a five-month low. New business... strong. Input cost inflation softened from June’s peak and fell also to a five-month low. However
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