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  1. Are hirings in the public sector out of control?
    Photo by MacroPolis

    EconomyFeatures

    and local government and the public bodies supervised by them is subject to a strict 1:4 (previously 1:5) attrition rule laid out in the MoU, meaning one new hire is permitted for every 4 (previously 5..., while the number of permissible hires for 2017 under the 1:4 rule was 2,453, the government claimed

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  2. Where is Odysseus? Part 4 - Unemployment and Employment
    Photo by Panayotis Tzamaros/Fosphotos

    Agora

    As in the previous three monthly blogs, we continue to trace the progress of modern-day Odysseus, who started a long voyage in 2018 to help bring Greece back home to a sustainable and prosperous economy. He is seeking to navigate a high debt ratio of 185 percent of GDP towards a debt ratio of 60

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  3. Apartment prices up by 4 pct in Q1 for highest increase since 2007

    EconomyMacroeconomy

    The rise in the nominal value of apartments in Greece came to 4 percent year-on-year (YoY) in the first quarter (Q1) of 2019 from an upward revised increase of 2.6 percent in Q4 2018, Bank of Greece... to a decrease of 1.2 percent in 2017. Properties up to five years old saw price increases of 4 percent

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  4. House of cards (The rise and fall of Akis Tsochatzopoulos)
    Photo by Can Esenbel [www.mundanepleasure.com]

    Agora

    exclusive road. But a symbol of ancient democracy and a product of modern political corruption... Greece became an unintended monument to the modern era of post-dictatorship Greek politics when theft... various ministerial posts – interior, defence, transport, public order, development, labour and public

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  5. Greek credit contracts by 4 pct in Jan, NPLs rise to 31.2 pct in Sept

    EconomyMacroeconomy

    The year on year (yoy) credit contraction in the Greek market marginally accelerated for the second straight month to 4 percent in January from 3.9 percent in December, with balances reaching 217.61 billion euros, according to the Bank of Greece (BoG). Loan balances eased 0.1 percent mom

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  6. Industrial production down by 4 pct in May after three successive rises

    EconomyMacroeconomy

    After rising in the preceding three months, the Greek Industrial Production Index (IPI) fell by 4 percent in May following an upward revised 1 percent growth in April, according to the Hellenic Statistical Authority (ELSTAT). The May headline figure indicates the second negative reading so far

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  7. Retail sales down by 4 pct in August for third straight fall
    Photo by MacroPolis

    EconomyMacroeconomy

    The turnover of Greece’s retail trade index dropped for the third successive month in August, albeit at a decelerating pace by 4 percent from 8.6 percent in July, Hellenic Statistical Agency (ELSTAT) data showed on Friday. The August figure is the seventh negative reading in the course of 2015

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  8. Industrial production falls at faster pace of 4 pct in March

    EconomyMacroeconomy

    Greece’s Industrial Production Index (IPI) dropped at a faster pace of 4 percent in March from a revised 2.5 percent drop in February, Hellenic Statistical Authority (ELSTAT) data showed on Tuesday. The March headline figure is the highest negative reading since June 2015. All four sub-indices

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  9. Greek 2017 primary surplus confirmed at 4 pct, well above target

    EconomyMacroeconomy

    , or 4 percent of GDP. These figures are broadly in line with Greece’s fiscal performance in 2016 when

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  10. Economic sentiment rises to 103.6 in Apr, consumer confidence rises by 4 pts
    Photo by Gerasimos Domenikos/Fosphotos

    EconomyMacroeconomy

    increased by 4 points to -48.8 in April compared to -52.8 in March. Year-on-year, consumer confidence has

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