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How Greece reduced its unemployment rate to less than 10 pct
Agorathe Greek economy has put close to 757,000 people back into jobs. The employment figure is at 4.24 million... sector has 244,000 fewer workers, more than half of the total gap. Another laggard in job creation... more than 200,000 fewer foreign workers compared to the 2008 high, when 389,000 foreign nationals
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Greek C/A deficit shrinks by 17 pct in April as imports drop faster than exports
EconomyMacroeconomypercent respectively. In absolute numbers though, the drop in imports was higher than that in exports...). Higher travel receipts are fully attributed to a continued strong rise in non-residents’ arrivals... by 211 million and lower services surplus by 184 million more than offsetting an narrowing
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Surveillance hearings in Athens and Brussels highlight contrasting approaches to issue
PoliticsGreek Politicsof EYP during the period that Androulakis as put under surveillance. The opposition parties had been... to acknowledge. The journalists argue that there is strong circumstantial evidence that the two activities... that energy price inflation in Greece is higher than the EU average, attributing
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Bond difficulties put a dent in coalition's exit plans
PoliticsGreek Politicsof the third bailout in August has put another dent in the government’s hopes of making as clean a break... official told Reuters that the bond issue plans have been put on hold due to the market turbulence... sensing that the debt relief package which Greece’s lenders are due to put forward is likely to fall
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Q2 GDP contraction at 0.3 pct, strong Q3 needed to achieve target of annual growth
EconomyMacroeconomyStatistical Authority (ELSTAT) today. The headline figure is 0.1 percentage points worse than the flash... for the fifth successive quarter by 5.3 percent in Q2 slightly lower than the 5.4 percent posted in Q1..., whilst the latter suggests the sharpest drop since Q4 2011. The continued strong rebound
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Samaras tax cut pledges aimed at MPs rather than voters
PoliticsGreek Politicswords were primarily aimed at MPs rather than voters. The only tangible announcement made by Samaras... tax would be 283 percent higher than in 2012, when it was raised from 60 to 330 euros per 1,000... that a new bout of political instability could put Greece’s fragile recovery at risk. He spoke
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IMF far more pessimistic than eurozone on Greek debt, urges significant relief
EconomyProgrammethereafter up to 275 percent in 2060 mostly due the anticipated high cost of market financing more than... it will not fall below a floor of 4.5 percent. Compared to the latest DSA put together by the eurozone... with weaker than expected policies resulting in lower primary surpluses of 1 percent of GDP
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Greece raised lower than expected amount from 3-year bond issue, yield at the high end
Economystands at the high end of initial estimates. Unlike the April press release indicating strong demand...” The MoF statement also notes that total offers reached 3 billion euros, materially lower than the 20... more than 550 orders from the investment community. The last time Greece issued a 3-year bond
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Name and shame
Agora. Organisers put the number much higher, as is usually the case with such demonstrations. Either way... Mitsotakis the younger should know better than most that playing short-term domestic political games... such as the one in Thessaloniki, labelling them nothing more than the populist manifestation of fringe
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ND on cusp of brokering deal over diaspora vote as Novartis battle heats up
PoliticsGreek Politicsto announce that a deal had been reached to secure more than the 200 votes needed in Parliament to adopt... will be increased from 12 to 15 and parties will be able to put members of the diaspora on their lists... on Wednesday means that a special electoral roll will be put together comprising of Greeks who have
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