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Economic sentiment at 102.5 in June as improvement in subindexes slows
EconomyMacroeconomythe reading of 104.2 in May, European Commission (EC) figures revealed on Thursday. Although June’s reading... in June versus -51 points in May. Year-on-year, consumer confidence has improved by 16.4 points... month-on-month to 21 in June compared to 25.1 in May. Since the start of the year, service confidence
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Employment balance records 33,620 more hirings than departures in June
EconomyMacroeconomyof a positive employment balance in the Greek job market, albeit slowing from May’s record high... this threshold in May, and stood at 45.1 percent of total hirings. In recent months, part-time... percent in June from 55.4 percent in May. The share of departures fell to 51.4 percent from 58.8
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Government indicates readiness to play waiting game on pension cuts
PoliticsGreek Politicsto be submitted to Parliament on October 1 but the lenders may wait until their first post-programme... definitive move on the pension cuts. This means a decision may not be issued before November. Given that elections are expected by next May at the latest, the government wants to do all it can to avoid
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Budget primary surplus confirmed at 635 mln in June on lower spending
EconomyMacroeconomyshowed a deficit of 1.49 billion compared to a deficit of 958 million in May. Revenues Monthly gross revenues rose by 1.6 percent year-on-year (YoY) to 3.75 billion, up from May’s figure of 3.34... was confirmed at 4.28 billion for the month of June, higher than the figure of 3.43 billion in May
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Fire fallout casts doubt on Tsipras’s post-MoU strategy
PoliticsGreek Politicsis approaching 100, may affect Prime Minister Alexis Tsipras’s strategy for the last stretch of the current... and local votes in late May. The most likely option is for the government to stick to its original... of the Mati disaster will still be fresh. It has been rumoured that Tsipras may conduct a cabinet
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Greek banks push for return to normality
EconomyBankingin May. As a result, the outstanding balance decreased to 178.87 billion from 179.33 billion in May... -279.1 million in May. In June, the corporate lending balance in particular was positive by 1.05 billion euros, reversing a negative flow of 169.2 million in May. The household lending sector’s negative
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Unemployment at 19.1 pct in June, under 20 pct for second month
EconomyMacroeconomyrevised rate of 19.3 percent in May, the Hellenic Statistical Authority’s (ELSTAT) data showed... consecutive month that unemployment has remained under 20 percent. Before May’s figure, the last time... to improve. In June, there were 12,624 fewer unemployed compared to May, a fall of 1.4 percent. Against
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Newsletter 174 -14/09/2018
involved argued that while some mistakes may have been made, the response from authorities was correct... and European Parliament) in May, or a vote any sooner. Earlier, his coalition partner Defence Minister Panos... kind of velvet divorce being agreed with ANEL. This is why May is seen as the most likely date
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Tsipras and Kammenos vow to stick together until further notice
PoliticsGreek Politicsfor the coalition. This may allow Tsipras to get the parliamentary majority for the Prespes Agreement and then call snap elections for May, which is thought to be his target anyway. This way, both leaders would... term. The prime minister’s apparent reason for wanting elections in May, rather than when the term ends
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Tsipras ready to stay course on Macedonia name deal despite domestic uncertainty
PoliticsGreek Politicsin Greek Parliament may also vote in favour of the diplomatic settlement. No confidence Tsipras may face... Democracy may submit a censure motion, prompting a vote of no confidence before or after the vote... there was no reason to withdraw his support for the coalition. It has also been speculated that Tsipras may
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