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Increase in number of services that saw their turnover decrease in Q2
EconomyMacroeconomyThe evolution of turnover indices for the services sector showed a worsening performance in Q2 2014, with 10 out of the 14 types of services, or specific activities of services as they are referred to, posting a negative growth, according to the Helleni...
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Almost all services in Greece saw decline in Q3
EconomyMacroeconomyThe evolution of the turnover indices for the services sector showed a further worsening in the third quarter (Q3) of 2014 with 12 out of the 14 service activities recording a drop, according to the Hellenic Statistical Authority (ELSTAT). In the preced...
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Office prices and rents saw substantial fall in H1 2014
EconomyThe Bank of Greece (BoG) published on Monday for the first time its commercial property price and rent indices. The released data concerns office and retail price and rent levels of prime investment property and cover the period from the first half (H1)...
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Greek households saw net financial wealth plummet by 37.5 pct during crisis
EconomyMacroeconomyΤhe impact on Greek households’ financial wealth and liabilities during the crisis years is examined in a study included in the latest statistical bulletin published by Bank of Greece on Wednesday. The study showed that the net financial wealth of Greek...
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Banks saw asset quality and liquidity trends improve in Q4 but process interrupted in 2017
AgoraGreek banks concluded the release of their fourth quarter (Q4) results last week, which showed an improved financial and asset quality performance overall. Almost all the core banks recorded a positive bottom-line result for Q4 and turned profitable for...
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Rising clinical depression hints at hidden side of Greek crisis
SocietyThe proportion of Greeks suffering from major depression has increased substantially since 2011 and is several times higher than pre-crisis levels, according to a new study by the University of Athens. The institution’s Mental Health Research Institute ...
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Tsipras hints at post-election scenario of grand coalition, without him as PM
PoliticsGreek PoliticsIn his first televised interview of this election campaign, Prime Minister Alexis Tsipras has claimed he will not continue as premier if SYRIZA is forced into an alliance with New Democracy, To Potami and/or PASOK. Tsipras told Alpha TV on Wednesday nig...
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IMF hints at flexibility as debt relief talks continue
PoliticsGreek PoliticsThe terrorist attack on former Prime Minister Lucas Papademos in Athens on Thursday has drawn attention away from the uncertainty created by the failure to reach an agreement on debt relief at Monday’s Eurogroup, but discussions are continuing in the ba...
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Athens ties up prior actions, IMF hints at programme role
PoliticsGreek PoliticsGovernment MPs were due to vote on Thursday afternoon a series of last-minute amendments aimed at ensuring that Greece has completed all 140 of its prior actions ahead of Thursday’s Eurogroup. The amendments, a disparate set of interventions on issues, ...
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Moscovici hints at possibility of shelving 2019 pension cuts, riles opposition
EconomyProgrammeDuring his visit to Athens on Tuesday, European Economic Affairs Commissioner Pierre Moscovici seemed to suggest that Greece might not have to implement the pension cuts that have been lined up for next year. When questioned about this issue after a mee...
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