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Worst Christmas Period for Athens Shopkeepers

The worst Christmas period of the last decade is  being forecasted for Athens shopkeepers, particulary for those in the center of Athens.  This was stated by Antonis Makris of Greece’s Association of the retail sales businesses to the online newspaper real.gr. Since the beginning of the year, retail sales have presented a reduction of 15-17%. This is a percentage that according to Makris, will be significantly increased if the centre of the capital is not freed from  continual protest demonstrations.  According to the National Trade Confederation, during the Christmas holidays, sales will record a contraction of 3 billion euros, caused by the reduction in consumer incomes, the increase in the number of unemployed people and direct taxes during the last quarter of 2010.

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