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  1. Concerns raised about next year's pensions cuts
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyFeatures

    Employees at Greece's main social security fund have raised the alarm regarding the extent to which pensions will be cut next year, when Greece is expected to trim its spending on retirees by 1... of 2019, totalling 1 percent of GDP.

    11%

  2. Newsletter 163 -25/05/2018

    Newsletters

    Strategy, which foresees primary surpluses of 3.5 percent until 2022 and pension cuts worth 1... January 1. They will help about 500,000 families cover their rent or mortgage. It is expected

    11%

  3. Credit contraction deepens to 1.9 pct in April, balance at 179.13 bln
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    Credit contraction in the Greek market deepened to 1.9 percent in April compared to a contraction of 1 percent in March, according to Bank of Greece (BoG) figures released on Tuesday. This resulted..., the corporate lending sector’s balance was also negative by 1 billion euros, while the household

    11%

  4. Piraeus Bank sells first real-estate backed NPE portfolio worth 1.95 bln
    Photo by MacroPolis

    EconomyBanking

    to a total of 1 billion which the bank aims to sell by October 2018. Towards the end of 2018..., totalling roughly 1 billion euros, which are collateralised. This would bring the total sales of NPLs

    11%

  5. General govt primary cash surplus at 2.42 bln in April, arrears fall by 66 million
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    contributions rose by 3.6 percent to 6.98 billion. Expenditure declined by 244 million euros (1 percent... remained unchanged at 2.85 billion, representing less than 1 percent of the total. Guarantees

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  6. Fall in apartment prices decelerates to 0.2 pct in Q1 for slowest contraction on record
    Photo by Yiannis Drakoulidis/Fosphotos

    EconomyMacroeconomy

    in apartment prices has remained under 1 percent. Compared to the previous quarter, apartment... to an average drop of 1 percent, improving against the drop of 2.4 percent in 2016. Apartment prices

    11%

  7. Unemployment rate stable at 21.2 pct in Q1
    Photo by Angelos Christofilopoulos/Fosphotos

    EconomyMacroeconomy

    of unemployed fell below the 1 million mark for the first time since Q3 2011 in Q3 2017, but has since gone... unemployed (over 1 year) declined for a fifth continuous quarter to 684,600. Out of the total, long-term

    11%

  8. Newsletter 166 -15/06/2018

    Newsletters

    under 1 percent. Compared to the previous quarter, apartment prices fell by 0.3 percent versus a rise..., bringing the total for employed to 3.7 million. The number of long-term unemployed (over 1 year

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  9. The race to reduce Greece's bad loans

    EconomyBanking

    and unsecured overdrafts which have not been serviced for around 5 years, coming to a total of 1 billion..., totalling roughly 1 billion euros, which are collateralised. With strong interest in all bad loan sales so

    11%

  10. Income and living conditions survey shows persisting inequality
    Photo by Harry van Versendaal

    Society

    the age of 14. The total population’s risk-of-poverty rate was 20.2 percent in 2017, down by 1 percentage..., falling by 1.8 pps YoY. The rate fell by 1 point for the total population and those aged 18-64

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