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Deposits continue to slide in Feb as households and firms dip into savings -
Lending to corporations drives credit expansion of 3.8 pct YoY in Feb -
Small gains for building activity in Dec, up 7.1 pct in full 2023 -
Economic sentiment and consumer confidence gain ground in March -
Travel balance surplus more than doubles YoY in Jan -
Income tax and VAT revenues drive budget primary surplus to 3.38 bln in Feb
New court verdict adds to concern about impact of backpay on fiscal balance
Another court decision on backpay has revived fears that in the months to come the Greek government could be facing an additional spending outlay that may threaten to derail plans to maintain a primary surplus of 3.5 percent of GDP until 2022.
The issue is back in the news after the sixth section of the Council of State deemed this week cuts to the Christmas, Easter and summer bonuses unconstitutional for serving civil servants from 2012 onwards. The verdict is not final as the seven-member p...
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