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Q2 GDP contraction at 0.3 pct, strong Q3 needed to achieve target of annual growth
EconomyMacroeconomyhas experienced negative growth since the third quarter of 2008 but the rate of decline... stable YoY in Q2 after a marginal drop of 0.1 percent in Q1. The Q2 rate of zero percent is the first... in exports of services, at a double-digit rate for the second straight quarter, is mainly attributed
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Samaras sets out New Democracy's plans for growth
Economythat this growth rate target does not incorporate any positive contribution from the rest of the economy...) work force of 4.83 million, implying that unemployment rate would fall to 9.8 percent by 2021 from its current level of 25.8 percent. The targeted jobless rate in 2021 is similar to that recorded in 2009
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Newsletter 202 -12/04/2019
owes to the IMF has an interest rate of nearly 5 percent. From a debt sustainability and fiscal.... For the same month in 2018, the unemployment rate stood at 20.6 percent. Unemployment has now... to tap markets Finance Minister Euclid Tsakalotos has travelled to Washington with the aim of clinching
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Newsletter 86 - 26/08/2016
of 102.2 in Q3 2008, the apartment prices index has fallen by 41.7 percent to a record low of 59.6... a new ten-year bank loan of 360 million at an interest rate of Euribor plus 150 basis points... of a Greek bank into IFC’s trade finance programme. The IFC has an exposure of nearly 600 million euros
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Newsletter 366 - 20/01/2023
PoliticsPM turns focus to far right ahead of electionsKyriakos Mitsotakis has set his sights...” (Greeks) has been interpreted by the opposition as a cynical move by Mitsotakis to corral the right-wing vote. The government has hinted at the introduction of an amendment that will close any loopholes
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Why Tsipras might gamble on snap elections
Agorathis idea baffling given that Tsipras has the support of three opposition parties (New Democracy... holding new elections is for Tsipras to split with the dissenters within his party and form a new... the option of snap polls this autumn. In effect, he has a small window of opportunity to capitalise
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ND tries to stay on top of wildfire as court battle looms over Competition Commission
PoliticsGreek PoliticsPrime Minister Kyriakos Mitsotakis has cut short his brief summer holiday due to a large wildfire... the last few days, as well as dozens of other smaller blazes. Although the blaze on Evia has burned... have been protected means that the government has not yet faced any strong criticism about how
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Newsletter 323 - 14/01/2022
less deadly. There has been a significant increase in Covid-related hospitalisations over the last... strain but insisted that it “has not collapsed and will not collapse.” The government announced... in January. There has been disagreement within the government about whether VAT on some goods should
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Newsletter 431 - 12/07/2024
. At the same time, however, the prime minister felt pressed to defend one recent reform which has been... has sparked criticism for allowing employers to override collective employment contracts, enabling..., the government’s attempts to defend the measure by describing it as “5+1 days” rather than six has
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Opposition parties press ahead with Tempe moves in Parliament as PM draws lines of defence
PoliticsGreek Politicsin a special court. PASOK has based its move on evidence found by the judicial investigation, which has yet... the pressure on Mitsotakis over an issue that has become the government’s biggest millstone, PASOK... to face a confidence vote. This will lead to Parliament holding a three-day debate on the Tempe
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