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Tourism shows resilience despite geopolitical uncertainty as May arrivals and revenues rise
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Record travel receipts and narrower trade deficit reflected in current account up to May
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Energy and domestic market drive industrial turnover growth of 14.1% YoY in May
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Primary surplus up to June at 4.48 bln as taxes continue to outperform, spending contained
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Energy continues to drive import prices as May sees 13.3% YoY rise
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New passenger cars push June sales to highest since 2010
Parliament's budget office warns government to move quickly
In its latest quarterly report published on Friday, the Parliamentary Budget Office (PBO) urged the new Greek government to move fast in order to reverse the negative climate created by snap elections and the failure of the previous administration to reach an agreement with the troika.
The PBO underlines that despite the 2014 primary surplus, the new government starts from a worse position than had been expected last year. Commenting on the funding needs in the coming months, the report notes that it appears impossible for Greece to c...
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