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Travel receipts maintain momentum in May with 17.7 pct YoY rise
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Significantly improved oil balance pushes current account to 196.5 mln surplus in May
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Industrial turnover resumes growth after 3 months, rising by 2.6 pct YoY in May
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Strong tax revenues, underspend push primary surplus 2.43 bln above target up to June
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Energy drives drop of 4.2 pct YoY in import prices drop for June
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Car sales rise by 6 pct YoY in Jun, up 3.1 pct in first half of year
Greece sticks to debt repayment strategy amid uncertainty caused by EU elections
Following a disappointing result in the European Parliament elections on June 9, in which New Democracy fell almost 5 points short of its own target of 33 pct and experienced a sharp drop in support compared to the 41 pct it got just one year ago in the national elections, Prime Minister Kyriakos Mitsotakis appeared on Bloomberg last Wednesday to reassure markets that his government is stable and determined to follow its reform agenda.
This also comes on the back of political turmoil in larger economies in the European Union, with French President Emmanuel Macron having called snap parliamentary polls for next month and the ruling SPD in Germany coming third behind AfD and calls for s...
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