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BoG provides insight into Greece’s housing affordability problem
EconomyFeatures% of disposable income dedicated to loan payments. An index value of 1 or higher indicates affordability, while a value below 1 suggests the market is unaffordable for the median household... these areas remain accessible. However, in high‑value areas in the city centre (1st district
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Trade deficit widens by 14.3 pct YoY in Feb as exports face challenges
EconomyMacroeconomydecreased by 11.1 percent. Excluding the impact of oil products and the value of ships, imports rose by 4.7 percent, while exports dropped by 1.1 percent. Stripping out the value of oil products.... Excluding the value of oil products and ships, the aggregate deficit was up by 3.7 percent, at 4.3
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Trade deficit narrowed by 30.5 pct YoY in Mar, down 7.2 pct in Q1
EconomyMacroeconomycountries increased by 22.8 percent. Excluding the impact of oil products and the value of ships, imports rose by 5.5 percent, while exports rose by 10.7 percent. Stripping out the value of oil products.... Excluding the value of oil products and ships, the aggregate deficit was up by 1.7 percent, at 6.55
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A varied set of views on China
Agoraof inferior quality to that of western goods. In short, while Greeks are not disposed negatively... in their eyes. Nor do they envy life and work in China, and find Chinese commodities of inferior quality
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Greece's labour market is austerity's biggest casualty
Agorain value-added sectors, unable to attract the required skills for new industries and facing the risk of ending up in a labour intensive, low value-added economy status. Irrespective of the timeframe
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How Greek banks could cut 2014 financing gap with a bond rollover
Economygovernment bonds (GGBs) that mature in 2014 with a total nominal value of circa 15 billion..., 2009 with a 5-year maturity. The nominal value stood to 5.15 billion with the carrying amount being
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Apartment prices down 9.2 pct in Q3 as lifting of foreclosure ban mulled
EconomyMacroeconomypercent, while the value of appraisals shrunk by 32.5 percent. Although with lagging compared to other... pattern is also evident in the value of transactions showing a dip in excess of 35% in three
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The euro debate Greece is not having
Agorafor its economic standards. A research paper by Morgan Stanley published in September puts the fair value..., subdued demand and high unemployment because we will remain a services economy with low value added
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Time running out for coalition to find formula on home foreclosures
PoliticsGreek Politicswith a taxable value of less than 200,000 euros. The temporary measure was introduced to protect households from... ahead of the crisis meant that homes with a taxable value of less than 200,000 euros included
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Primary budget surplus in Nov at 1.2bln euros, 2013 target in reach
Economyfor all homes with an objective value of up to 300,000 euros, which expires at the end of the year, the introduction of new legislation only for primary homes with social criteria and stricter value
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