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  1. Deposits grow by 1.3 bln in August, highest inflow in 2016

    EconomyMacroeconomy

    and non-euro area residents – posted lower inflows of 997 million in August. On top of private sector... and small inflows of 174 million from other euro area residents and 74 million from non-euro area

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  2. IMF argues case for further reform of pension system
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyProgramme

    . Meanwhile, although social security contribution rates of 26 percent in Greece stand above the euro area... the highest in the euro area. Despite cuts in pensions in previous years, the average pension... in the euro area, at around 81 percent at the end of 2013, almost 30 percentage points above the eurozone

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  3. Kotzias visit to Washington still leaves some doubts about US stance
    Photo by MacroPolis

    PoliticsForeign Policy

    his talks with the new US administration, Kotzias tried to emphasise Greece's role in a volatile area... and the US role in the wider area. According to diplomatic sources, during talks with his US counterpart... to highlight to his opposite number Greece's geographical position and role in the area. Kotzias

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  4. IMF sets out why it stands apart from eurozone on long-term growth prospects
    Photo by Gerasimos Domenikos/Fosphotos

    EconomyProgramme

    working age population decline is amongst the highest in the euro area and three times the average... participation to levels that exceed euro area average and thus offset the significant decline... the country’s ability to prosper in the euro area.”

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  5. Office prices slip by 0.7 percent in first half of 2017
    Photo by Natasha Pantazopoulou/Fosphotos

    EconomyMacroeconomy

    of H2 2014, which stood at 70.9. Broken down by area, nominal prime office spaces fell by 1.1 percent in the greater Athens area and by 0.5 percent in Thessaloniki, when compared to the previous.... In the Athens area, the index decreased by 0.4 percent from the previous semester, falling further

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  6. Mitsotakis bids for nation's soul, Tsipras ramps up handouts
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    went on to blame the recent deadly flooding in the area of decades of neglect, suggesting... minister pledged to invest in the area over the coming years and to create a new university there. The government also announced over the weekend that workers in the area who have not been able to return

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  7. Moody's upgrades rating to 'B3,' amid confidence about political outlook, economic prospects
    Photo by Panayotis Tzamaros/Fosphotos

    Economy

    Ministry is in the process of building and the debt relief that Greece’s euro area creditors have... implemented debt relief measures. The rating agency anticipates euro area creditors will meet... creditors that would put the euro area's support and commitment for further debt relief in question

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  8. How 'clean' can an exit be? Athens snared between Rome and Berlin
    Photo by Angelos Christofilopoulos/Fosphotos

    Agora

    of political risk in the euro area. Disregarding political dangers emanating from Rome for too long... environment for Greece, the most important interlocutor in the euro area is yet again playing political... experiencing – but in reverse – what contagion through risk factors in other euro area member states

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  9. Travel surplus rises by 17.4 pct in H1 as sharp rise in visitors drives receipts growth
    Photo by MacroPolis

    EconomyMacroeconomy

    non-EU visitors. Receipts from euro-area visitors rose by 25.9 percent year-on-year to 2.06 billion... visitors from euro-area countries, along with a rise of 30.6 percent in visitors from outside the euro-area. The number of visitors from non-EU28 countries rose by 4.6 percent. Visitors from Germany

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  10. Moody's raises Greece two notches to 'B1' but highlights challenges for further upgrades
    Photo by Panayotis Tzamaros/Fosphotos

    Economy

    Katseli law) are ongoing. Continued delay could put the euro area's promised transfer of close to 1... in the coming years, at around 10 percent of GDP until 2032. Further, the euro area creditors committed... of renewed tensions with Greece's euro area partners that would put the prospect for further debt relief

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