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Greeks’ wealth fell by 0.6 pct in 2016 for third straight decline
Economywith financial assets making up 22.5 percent of the total figure and equities accounting for only one fourth.... The absolute figure landed at 947 billion US dollars in mid-2016, down by 6 billion from the mid-2015... wealth. Greece’s wealth per adult stood at 103,569 dollars in mid-2016, 17.4 percent lower than
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Greece as an energy hub: Reality or wishful thinking?
EconomyFeatureswith European directives launched in 2000, but reforms have been very slow. According to the European... in the exploration of two sites off the shores of Crete has already been received from a consortium of Exxon Mobil... the operator of the Ioannina block. If these deals are pulled off, they would represent a major investment
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European Commission keeps DSA broadly same, stresses need for relief
EconomyProgrammein 2017, with the long-term growth seen levelling off at 1.5 percent after 2022 due to the output gap... more conservative exercise, long-term nominal GDP growth is seen levelling off at 2.7 from 2023 to 2060... debt dynamics are and how even broadly favourable macro developments that do not meet the very
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Newsletter 343 - 24/06/2022
waits until the end of his four-year term to hold elections, he will not be able to hold off the wear... the party’s manifesto. Mitsotakis has been very clear that he will seek an immediate second vote under... expectations, and not fully signing off the latest round of debt relief measures adopted
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One in four Greeks in severe material deprivation; a eurozone outlier
SocietyGreece has the sixth highest rate of severe material deprivation among 30 European countries, with the lack of access to basics rising substantially for almost all age groups last year, according to new data from the Hellenic Statistical Authority (ELST...
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Greek May CPI falls 2 pct in one of biggest drops for more than a year
EconomyMacroeconomyThe Hellenic Statistical Authority (ELSTAT) said on Tuesday that the Consumer Price Index (CPI) fell 2 percent in May, which was a faster pace compared to the preceding months. May's figures mean Greece remained in deflationary territory for the fifteen...
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Import prices reach one year of contraction with 6.4 pct drop in Jan
EconomyMacroeconomyGreece’s import price index stayed in contraction in January, falling by 6.4 percent year-on-year (YoY), after dropping by 8.7 percent in December, according to data released by the Hellenic Statistical Authority (ELSTAT) on Thursday. The consecutive ne...
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If it's debt restructuring you're looking for, Regling's not your man
Agoraon Greek debt is tempered by the fact he is leading a supranational organisation that is a very active... of additional capital requirements the ESM is capable of receiving very favourable lending terms and very... in less than one year, another almost 15 billion maturing between one and five years and just under 9
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Greek SMEs continue to have bleak view of their future
Societybelieve it is “fairly or very likely” that they will close in the near future, compared to 52.5 percent in the previous study. Very small businesses and the self-employed are three times more likely (51.5.... For every one company showing signs of improvement, there are ten in serious financial difficulty
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Three-quarters of Greek workforce struggles to make ends meet
Societyget by “very easily” and 19 percent “fairly easily”, both of which were the lowest rates in the EU... workers said they had taken between one and 15 days’ sick leave, followed by Danish (55 percent... work. A total of 27 percent believes working hours don’t work well at all or not very well
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