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  1. Retail index fell by 2.2 pct in Feb but trend improving

    EconomyMacroeconomy

    in department stores exceeded 21 percent in terms of turnover and 14 percent in volume, followed... with a 1.6 percent rebound, with consumption growth seen close to 2 percent in the succeeding three years.

    13%

  2. Greece lays out plans for debt relief from eurozone
    Photo by MacroPolis

    EconomyProgramme

    , corresponding to 14 percent of current GDP, over the 50-year period. Currently GLF interest hits Greece... to approve the next tranche for Greece (the last disbursement of 1.71 billion was made on August 2, 2013

    13%

  3. Significant post-election economic challenges await Greek coalition

    Economy

    ) to 1 percent constant for the next 50 years. This could result in total savings of 25 billion (14... by at least 1 pp this year and a further 2 pp in 2015. In contrast, the OECD projects a slower reduction

    13%

  4. Greece's new finance minister lines up for a marathon (and several short sprints)

    PoliticsGreek Politics

    years. This could result in total savings of 25 billion (14 percent of GDP) over the 50-year period..., the official sector projects Greek unemployment will ease by at least 1 pp this year and a further 2 pp

    13%

  5. Alpha Bank reports H1 profits of 267.4 mln on one-off item
    Photo by MacroPolis

    EconomyBanking

    for the group and to 114 percent for Greece. The latter is expected to improve by 2 percentage points... funding fell by 2.5 billion euros QoQ to 13.2 billion corresponding to 14 percent of assets. Note

    13%

  6. Q2 GDP contraction at 0.3 pct, strong Q3 needed to achieve target of annual growth
    Photo by MacroPolis

    EconomyMacroeconomy

    percent growth in private consumption and a 2 percent decline in public consumption. Gross fixed... that gross fixed capital formation slipped 4.2 percent in H1, this specific target - which made up 14

    13%

  7. A snapshot of Greek banks' ABS as ECB readies for next move
    Photo by MacroPolis

    Economy

    on October 2, it appears that Greek banks will be excluded from the ECB’s largest quantitative easing... backed by mortgages) of almost 14 billion euros. NBG has the largest stock at 5.6 billion, followed

    13%

  8. Percentage of Greeks at risk of poverty or social exclusion edges up to 35.7
    Photo by Harry van Versendaal

    Society

    by slightly less than 2 percentage points. In absolute numbers, 892,763 households and their 2,529,005... and at 10,547 euros for households with two adults and two dependent children under 14 years old

    13%

  9. Greek travel receipts up 10.3 pct in August as 2014 targets revised upwards
    Photo by MacroPolis

    EconomyMacroeconomy

    is expected in 2015. This year TUI visitors reached about 2 million. Speaking at the SETE Annual Conference on Tuesday, its Chairman Andreas Andreadis noted that direct tourism revenues are seen at 14 billion

    13%

  10. Piraeus Bank posts net loss of 1.56 bln in Q3
    Photo by MacroPolis

    EconomyBanking

    in the right direction, while the strengthening of the balance with 2 billion provisions in Q3 facilitates... percent in Q3) and return on assets (ROA) - excluding from assets EFSF bonds of 14 billion - above

    13%