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Eurogroup approves 3rd bailout for Greece but expects swift, extensive action
EconomyProgrammeThe Eurogroup agreed on the terms of Greece’s third bailout on Friday, paving the way for Athens to receive its first tranche from a package of up to 86 billion euros in new loans next week. The agreement in Brussels came after a relatively straightforward meeting that took place a few hours after
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Current account in surplus for 2nd straight month in June but down 20 pct on 2014
EconomyMacroeconomydigit drop in both exports and imports by 23 and 13.8 percent respectively. In absolute terms, goods
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European Commission evaluates impact of bailout programme
EconomyProgrammein nominal terms until 2021 Additional provisions were included in the omnibus law voted on August 14
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Revenue uptick unable to stop 7-mth primary surplus outperformance falling to 724 mln
EconomyMacroeconomy. In absolute terms, revenues stood at 5.25 billion euros in July, 184 million higher than
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Election Watch: End of an era as Papandreous bow out of elections
Agorawas elected for his father’s party in 1964, remained an MP until his death in 1996. He served three terms
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Wages index drops in Q2 to its lowest level since 2001
EconomyMacroeconomyseverance payments). In absolute terms, the wages index fell to 85.2 in Q2, which is the lowest reading
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Unemployment rate edged up to 25.2 pct in June
EconomyMacroeconomypercent, whilst the fall in the number of unemployed eased to 6.3 percent. In absolute terms
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General gov't primary cash surplus markedly better in July but arrears climb
EconomyMacroeconomyof total gg guarantees. The remaining 13 percent, or 15.93 billion in absolute terms, relates
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In tight election race, rare TV debate carries element of unknown
PoliticsGreek Politicswill not allow for any significant developments in terms of the election contest. Nevertheless
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ELA funding down by 1.23 bln in August for second successive fall
EconomyMacroeconomyGreek banks’ Eurosystem funding eased for the second successive month in August, when it fell by 1.23 billion euros after a drop by 1.29 billion in July, Bank of Greece's (BoG) monthly financial statement showed on Monday. In absolute terms, Eurosystem funding stood at 124.06 billion euros
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