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PASOK pushes back against PM's refusal to tax excess bank profits
PoliticsGreek Politicsis certain, though, is that Mitsotakis is impervious to calls from the opposition parties to either lower.... The government has been pressing banks to lower their loan rates and increase deposit rates to address... Kasselakis’s brief leadership. In an interview with Mega TV, Famellos described Kasselakis’s reign
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Tax and banks dominate government's thoughts amid opposition, public pressure
PoliticsGreek Politicsshould also lower their transaction fees, which he described as being an affront to public opinion... crisis. Speaking on Open TV on Sunday, PASOK’s spokesman Konstantinos Tsoukalas accused New... of lower lending rates and charges. Tax levels The PM faces similar complications on the tax front due
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ND in danger of being blown off course by farming subsidy scandal
PoliticsGreek Politicsof the government being on the defensive. Opinion poll A Metron Analysis poll for Mega TV indicates.... In the projected results, ND gets 28.5 pct, almost two points lower than in May, while PASOK gets 13.1... positive views, although this is 10 points lower than her peak in March. KKE leader Dimitris
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Greek consumers take effort to lower prices into their own hands
SocietyOne of the common complaints in Greece over the past few years is that although wages and pensions have been reduced substantially, the prices of even basic goods remain high. The Organization for Economic Cooperation and Development (OECD), for instanc...
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Greek credit contracts again in April but at slightly lower rate of 3.7 pct
EconomyMacroeconomyThe year on year (YoY) credit contraction in the Greek market decelerated to 3.7 percent in April from 4.1 percent in March, with balances easing to 215.14 billion euros, according to the Bank of Greece (BoG). Monthly net deductions slightly slipped to ...
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Greek unemployment drops slightly to 25.8 pct in October on lower jobless
EconomyMacroeconomyThe seasonally adjusted (SA) unemployment rate eased for the second successive month to 25.8 percent in October from an upward revised 26 percent in September, according to the Hellenic Statistical Agency (ELSTAT). The headline figure for October is the...
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Greek primary cash surplus at 1.07 billion at end-May on lower expenditure
EconomyMacroeconomyGreece’s central government primary cash surplus remained almost unchanged at 1.065 billion in the 5-month period of 2015, from 1.057 billion last year, according to the Bank of Greece (BoG). It should be noted though that last year’s figure included on...
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Q3 GDP slips 0.9 pct QoQ on lower private consumption and investment
EconomyMacroeconomyGreece's seasonally adjusted (SA) GDP at constant prices fell by 0.9 percent quarter on quarter (QoQ) in Q3 2015, at a faster pace compared to the flash estimate of -0.5 percent released two weeks ago, according to Friday's Hellenic Statistical Authorit...
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Eurosystem funding down by 1.4 bln in Jan due to lower reliance on ECB funding
EconomyMacroeconomyGreek banks’ Eurosystem funding fell for the seventh successive month, albeit at a slower pace, in January, when it declined by 1.42 billion following a drop of 5.89 billion in December, the Bank of Greece's (BoG) monthly financial statement displayed o...
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BoG proposes debt relief measures and lower primary surplus target from 2018
EconomyMacroeconomyIn its monetary policy report published on Wednesday, the Bank of Greece (BoG) suggested a set of debt relief measures that would allow Greece’s primary surplus target to be lowered to 2 percent of GDP from 3.5 percent from 2018 onwards and would keep g...
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