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General gov't primary cash surplus for Jan-May reaches 1.22 bln as arrears drop
EconomyMacroeconomyeuros, meaning that the gg deficit has widened by around 1 billion in May, mainly reflecting state budget and social security funds’ deficits of around 800 and 200 million respectively in May... billion euros at the end of May from 5.23 billion at the end of April, implying a modest drop of 1.8
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Unemployment at 27.2 pct in May, hardly changed from previous months
EconomyMacroeconomyThe seasonally adjusted jobless rate slightly fell to 27.2 percent in May after remaining unchanged...). The evolution of the May headline figure reflects a 0.6 percent month on month (MoM) rise... in May, decelerating from the 0.8 percent drop recorded in April. The May YoY rate is the second lowest
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Budget primary surplus at 1.51 bln end-May, revenues fall short by 978 mln
EconomyMacroeconomyof 978 million. In particular for May, primary deficit stood at 597 million compared to a target of 246...) fell significantly by 23.6 percent in May to 2.92 billion, its lowest reading so far this year... target 1.05 billion in May. According to MoF, almost two thirds of the underperformance in May
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Greece holds Western Balkan meeting to reaffirm support for neighbours' EU prospects
PoliticsForeign Policythere is a danger that Athens has not been able to give due attention to other issues on the foreign policy front... that there was a danger of the Thessaloniki Agenda of 2003, which was a landmark for the EU’s enlargement policy... Balkans Summit in Zagreb, in May. In the joint declaration that will be adopted in Thessaloniki
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Podcast - Riding into the danger zone: Greece gets new jets
AgoraGreece recently received the first six state-of-the art fighter jets it has ordered from France, hoping that their arrival marks the start of an upgrade of its military capabilities, but also an improvement in its geopolitical standing. The Rafale plane...
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Tsipras opts for modest changes to cabinet rather than renewal
PoliticsGreek Politicsofficials. The decision to broaden Dragasakis’s role is seen as Tsipras opting to play safe and ensuring... of the refugee crisis. Vitsas is seen as a safe pair of hands, especially as he had involvement in migration... may opt for a broader reshuffle once the fourth review has been finished and the bailout exit
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PM defends stance on Turkey and troubled electricity cable project
PoliticsForeign Policyto Turkey’s participation in EU’s SAFE defence procurement scheme. "If we want normalisation in Greek... belli exists, Greece will block Turkey's participation in the SAFE program as it has the right to do... crisis, which was triggered in May when an Egyptian court ruled that the 6th century monastery
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Mitsotakis renews call for Turkey to scrap "casus belli" - opposition unimpressed
PoliticsGreek PoliticsNikos Androulakis lambasted Mitsotakis’s insistence on linking Turkey’s SAFE programme... is another mistake,” said the social democrat. “Turkey's participation in the SAFE program will have permanent benefits for Turkey, while the lifting of the casus belli may have temporary benefits
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Greek retail sales dive 8.5 pct in May after brief rise in April
EconomyMacroeconomyThe turnover of Greece’s retail trade index resumed a negative trend in May dropping by 8.5 percent... Agency (ELSTAT). Similarly, retail volume fell 3.8 percent in May from a rise of 7.1 percent posted in April. The rate of drop in May retail turnover indicates the highest negative reading since
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Severe underspend covers lower revenues for end-May primary surplus
Economyof 597 million euros in May compared to a target of 246 million, reducing accordingly the year... in May by 1.04 billion, reversing the 4-month slight overperformance of 68 million... of the key budget figures, revenues (before tax refunds) resumed a downward trend in May for the first
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