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Despite cuts, pension system still at risk due to old-age dependency
Societyof GDP spending on pensions is significantly higher at around 15 percent. Greece also has one
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Clearer picture emerging ahead of stress tests, banks appear confident
EconomyBankingand National Banks of Greece (NBG) has been completed and, according to local media, the capital requirements
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Turnover in services sector shows mixed picture in Q3 2017
EconomyMacroeconomy, services confidence has risen by 16.8 points.
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ECB survey shows enduring preference for cash payments in Greece
EconomyFeaturesA survey by the European Central Bank (ECB) looking into the purchasing habits of Europeans has found that cash is still the preferred method of payment for most Greeks despite efforts to encourage card and electronic payments. The study titled “The use of cash by households in the euro area
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Budget passed but coalition handouts draw attention
PoliticsGreek PoliticsAttica that has been unable to return to work and a 400-euro handout to unemployed Greeks aged between
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Industrial turnover grows by 11.1 pct in October, reversing decline of previous month
EconomyMacroeconomyat -3.9 in November. In the year to date, industry confidence has improved by 1.8 points.
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Internet usage high but unexploited by Greek enterprises
EconomyFeatures, this percentage has been falling rather than growing across the last few years. Around 64.8 percent of the total
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BoG sees recovery strengthening, proposes post-MoU safety net
Economyfresh capital from abroad. The settlement of the debt issue is a key to this. The central bank has
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Budget primary surplus at 4.65 bln in 11-month on lower expenditure
EconomyMacroeconomyunchanged month-on-month at 1.27 billion euros. The figure has increased substantially against last year's
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Retail sales fall for second straight month in Oct, with 0.8 pct decline
EconomyMacroeconomyin October to stand at 2.3 points in November. In the year to date, retail trade has deteriorated
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