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Greek PMI up to 50.1 in August, employment and profitability still falling
EconomyMacroeconomya solid rise in August, reversing the slight drop posted in the beginning of the third quarter... in production with higher new export orders contributing to the positive sales performance. After a drop... ending a two-month run of drop in total new business. New export orders also rose marginally
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Building activity up by 18 pct in Jan, permits dip below 1,000-mark
EconomyMacroeconomyshowed a 0.3 percent drop in apartment prices year-on-year in the fourth quarter of 2017. This followed a drop of 0.6 percent in Q3. Apartment prices have been falling since the first quarter of 2009. For all of 2017, the decline in property prices came to an average drop of 1 percent, improving against
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ECB tests find negligible capital shortfalls at Greek banks
Economyfor capital needs was based on the agreed restructuring plans (dynamic model) rather than the end-2013 figures (static model). The ECB noted in its country results that the aggregated capital shortfall.... Eurobank Under the static model, Eurobank showed a capital shortfall of 4.63 billion euros, which
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More fiscal measures lined up as Covid-19 seen shaving up to 0.9 pts off 2020 growth
EconomyThe government is lining up more fiscal measures to prop up the economy as forecasters becoming... reaches 0.7 to 0.9 pct with a severe impact on tourism, commerce and transportation up to the end..., reduced working days for all staff, paid leave of up to 30 days, reduction of tax obligations by 50 pct
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Car sales pick up pace in May, up 13.8 pct in first five months
EconomyMacroeconomywas made up of lorries (2,441) up by 2.8 percent and buses (133) up 3.9 percent. Motorcycle sales increased... cars categories in May, with new passenger cars rising by 8 percent and used passenger car sales up... annually. Passenger cars are up by 15.3 percent, lorries increased by 4.3 percent and buses down by 1.2
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Nightmare on Democracy Street
Agoraof Golden Dawn supporters recently attacked Communist Party (KKE) members who were putting up... unions and voters, as well as corrupt businessmen. This unsustainable model, which New Democracy... songs. With one swing of a switchblade, Greece’s tormented past caught up with its troubled present
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Optimism and obstacles in Spain
Agorareform is a great example, I tell them ‘No, thank you’.” “When I hear that Spain must be our model... and France were struggling, Spain’s growth inched up 0.6 percent of the GDP. “There is a necessity... are picking up and the successive labour reforms seem to have boosted competitiveness. “The Spanish
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Bank of Greece warns of dangers in failure to reach deal with lenders
EconomyMacroeconomygrow in 2015 and further pick-up in 2016, the report points outs that the prevailing uncertainty...-oriented model include: 1) Continuation of structural reforms to products and services that would... ratio, which edged up to 33.8 percent at the end of 2014 from 34.2 percent in Q3 2014 and 31.9
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Amid exit speculation, growth strategy offers chance for coalition to show intentions
PoliticsGreek Politicsthat can be deferred this time and everything has to be wrapped up by the June 21 Eurogroup. Athens... is to avoid returning to the model in place before 2008 and the second is to develop a holistic programme... in drawing it up. The departure this week of Dimitris Papadimitriou from the Economy Ministry
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Question mark over pension cuts in 2019 draft budget as Athens looks to lenders
EconomyProgrammeon Monday as it steps up its efforts to scrap the measure, which was pre-legislated last year. A senior... as part of the effort to back up its argument, which is based on the premise that Greece continues... on the creditors’ side about the government’s efforts to speed up and encourage an increase to the minimum
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