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  1. IMF expects difficult year for public finances, PBO highlights impact on labour force
    Photo by MacroPolis

    EconomyMacroeconomy

    The IMF released on Wednesday its Fiscal Monitor report, which compounded the grim picture for Greece on the budget front, after the forecast for a 10 pct in the World Economic Outlook... will rise by 5 percentage points and the drop of exports in the quarter is seen at 25 pct. The PBO has

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  2. S&P keeps Greece at 'BB-' but revises outlook to stable on Covid-19 concerns
    Photo by MacroPolis

    Economy

    , investments and exports will be hit hard, particularly tourism, which stands for 10 pct of GDP..., which translates into a primary deficit of nearly 5 pct, the first one after four years

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  3. Poverty declined in 2018, births continued to lag behind deaths
    Photo by Panayotis Tzamaros/Fosphotos

    Society

    been married for 10 or more years made up the majority of divorces at 68 percent. The majority... to 210,272 in 2018, recording a drop of 5 percent compared to 2017. Serious felonies rose by 2.2

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  4. Communication prices in Greece highest in EU27
    Photo by Panayotis Tzamaros/Fosphotos

    Society

    . Of the 10 categories examined, Greece was the most expensive out of the EU 27 for communications, which... and alcoholic beverages and tobacco were 0.6 percent higher than the average. In 2018, food prices were 5

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  5. General govt primary cash deficit of 4.84 bln in May, arrears drop by 163 mln
    Photo by MacroPolis

    EconomyMacroeconomy

    last year. In local governments, a rise of 10 million euros was seen, taking the total to 210 million... budget and local governments (-37 million each). Hospitals fell by a slight 5 million, and local

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  6. The EU decision excluding nuclear and fossil fuels from the Just Transition Fund

    Legal

    of €30 billion from an EU coronavirus recovery fund and €10 billion euros from the Commission’s budget... to the Multiannual Financial Framework and the European Union Recovery Instrument. Article 5

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  7. Piraeus Bank posts pre-tax losses of 215 mln in H1
    Photo by MacroPolis

    EconomyBanking

    to the market volatility. Operating expenses fell by 10 percent YoY on a like-for-like basis and came to 452... with the 5 billion new loan origination target for 2020. The group’s net loan-to-deposit ratio further

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  8. Greece grapples with second Covid-19 wave as cases soar
    Photo by MacroPolis

    Society

    and by close to 10 percent under a double wave scenario. According to the latest data from the Bank of Greece which captured the start of what would have been the summer high season, Greece lost almost 5

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  9. IMF sees GDP shrinking by 9.5 pct in 2020, warns about pace of fiscal consolidation
    Photo via IMF photostream on Flickr [https://www.flickr.com/photos/imfphoto/]

    EconomyProgramme

    to collapse by 9.5 pct in 2020, marginally lower than the previous estimate of 10 pct. The rebound over the next two years is seen averaging 5 pct in 2020 and 2021, assisted by EU funds and the recovery

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  10. Draft budget sees EU funds fuelling recovery of 7.5 pct in 2021, after 8.2 contraction this year
    Photo by MacroPolis

    EconomyMacroeconomy

    , the Finance Ministry expects the third quarter to drop by circa 10 pct on an annual basis in the third quarter... by more than 5 pct, leading to a lower unemployment rate of 16.5 pct, while price rises will resume

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