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EC spring forecast sees growth of 2.2 pct in 2019, 2020 but warns of hampered public investments
The European Commission (EC) issued on Tuesday its regular spring forecasts for 2019, which showed that it is now expecting the country to grow by 2.2 percent this year compared to an estimation of 2 percent in the autumn forecast, and in line with the interim winter forecast.
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Fears and reassurances over PPC's dire finances
After a disastrous set of full year results for 2018 which showed net losses of over half a billion euros from continued operations, the future of the Public Power Corporation (PPC) has been a topic of hot debate in recent weeks.
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Survey highlights Greeks' conflicted relationship with EU
The European Commission’s (EC) public opinion survey ahead of the May 26 European Parliament elections has illustrated the attitudes of European citizens across 28 member states.
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Economic sentiment down to 100.3 in April, consumer confidence continues to strengthen
Greece’s economic sentiment (ESI) fell by 1 point in April to 100.3 points, European Commission (EC) figures revealed on Monday.
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Glimmer of hope for efforts to negotiate over tax-free threshold, but not primary surplus
The Greek government and the opposition have been given some encouragement in their goal to avoid the pre-legislated reduction of the tax-free threshold for incomes by European Commission vice president Valdis Dombrovskis.
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EC report analyses state of play with privatisations as HELPE hits obstacle
The European Commission’s (EC) update on its enhanced surveillance report on Greece, released on April 3, contains a number of points including the current state of play with privatisations.
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Economic sentiment stays at 101.3 in March
Greece’s economic sentiment (ESI) remained unchanged month-on-month at 101.3 points in March, European Commission (EC) figures revealed on Thursday.
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Government move over primary residences raises questions
The announcement by government sources on Wednesday that draft legislation regarding the protection of primary residences will be submitted to Parliament on Friday without there necessarily being an agreement with the institutions has prompted questions about SYRIZA’s motives.
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Athens aims to wrap up legislation on foreclosures and issue 10-year bond
Following further discussions between the Greek government and the institutions over the weekend, Athens is hoping to submit to Parliament in the coming days the draft legislation protecting primary residences from foreclosure.
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EC sets out improvements Athens should make to primary residence proposal
Among the areas of concern highlighted in the European Commission’s second post-programme surveillance report are the household insolvency law and debtor protection schemes, which are examined in the context of the overall financial system stability and the ongoing efforts to reduce the stock of Non-Performing Exposures (NPEs) from the systemic banks.