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  1. Newsletter 38 - 07/08/2015

    Newsletters

    in June. According to the latest official ECB data for 2013, the total number of cards issued..., employment and stocks are all down. 2 Tsipras's election logic Early polls could wrongfoot PM's internal

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  2. Record revenue shortfall of 2.83 bln in July shrinks primary surplus outperformance

    EconomyMacroeconomy

    that was not collected 2) Extension of submission of personal income tax (PIT) declarations that led to a delay... to 1.25 billion in July with the 7-month figure at 4.55 billion, 189 million above target. Overall, total

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  3. July credit contraction at 1.5 pct, slowest since Aug 2011
    Photo by MacroPolis

    EconomyMacroeconomy

    in the course of the year, while the cumulative net deductions in the 7-month period exceed 2 billion... in July from 78 million in June. Since the beginning of the year, total net deductions reached 1.55

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  4. Q2 GDP rebounds by 0.9 pct QoQ on higher consumption and falling imports

    EconomyMacroeconomy

    point to a slight decrease of 0.4 percent in total exports with exports of services up 2.1 percent and exports of goods down 2 percent. A key component of services’ exports is related to tourism which

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  5. These are the bailout deliverables expected from Greece in September

    EconomyProgramme

    with the EC. 2) Adopt outstanding reforms on the tax procedure codes (TPC) related to: introduction... 50 percent of total electricity produced and imported in Greece. 17) Adopt through legislation

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  6. Unemployment rate edged up to 25.2 pct in June

    EconomyMacroeconomy

    provided by the Manpower Employment Organisation (OAED) for July showed registered jobless rose by 2... benefit resumed again above the 10-percent mark, at 10.6 percent of total in July from 8.4 percent

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  7. Budget revenues rebound in August but shortfall remains at 4.2 bln

    EconomyMacroeconomy

    expenditure eased by 2 percent in August, which indicates the slowest drop since January. The absolute..., in line with target. Overall, total expenditure declined by 6.6 percent to 30.31 billion, 3.22 billion

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  8. If it's debt restructuring you're looking for, Regling's not your man

    Agora

    of different maturities. The EFSF has a total of over 199 billion euros under its funding programme... premise remains that over the next 50 years Greece will be growing on average by 2 percent annually

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  9. Privatisation chief sees gradual progress but revenues remain unclear

    Economy

    privatisation proceeds of 2 billion euros in 2016, with Pitsiorlas noting that “in the tender process, where... billion in 2016 and 1.3 billion in 2017, meaning a total of 6.4 billion in the 3-year period.

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  10. NBG Q2 trading update shows higher pre-provision income, marked improvement in NPL formation
    Photo by MacroPolis

    EconomyBanking

    reversed to 66 million in Q2 from a negative figure of 61 million in Q1, leading total operating income... at the end of Q2, yet it has slipped by 2 billion to 25.6 billion at the end of September

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