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Travel receipts up by 10.5 pct YoY in Aug on back of 7.5 mln arrivals in
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Hiring balance improves by more than 18,000 jobs up to Aug
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Current account deficit improves significantly, reaching 6.62 bln up to Aug
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Industrial turnover continues to slide with 1 pct YoY drop in Aug
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IMF's latest macro and fiscal estimates reflect economic stability
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Tax collections and contained spending take primary surplus 4.15 bln above target in Sep
BoG cautions on impact of tax rises, updates on rising NPEs
In its monetary policy report released on Wednesday, the Bank of Greece (BoG) says that it expects the completion of the first programme review will restore confidence, boost liquidity and improve the investment environment in the second half of the year, while a marginal recession of 0.3 percent is foreseen for 2016.
On debt, the report stresses that sensible debt relief measures may include, extension of maturities, smoothing of interest payments over time, restoration of SMP and ANFA transfers and swap of IMF loans with European Stability (ESM) loans.
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