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  1. Greek primary budget surplus halved in Jan as revenues miss target

    Economy

    expenditure was almost 100 million better than target. A similar pattern was also evident in the budget balance, which showed a surplus of 367 million, down 40.7 percent from last year’s figure and 919... billion short of target. Primary expenditure rose 4.9 percent to 3.1 billion, 53 million better than

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  2. Greek current account deficit widens to 847 mln in Jan as exports fall further
    Photo by MacroPolis

    EconomyMacroeconomy

    the EU to general government was more than offset by deterioration in the balance of transfers...Greece's current account (C/A) deficit widened to 847 million euros in January 2015, more than 2.5 times higher than the previous year, according to the Bank of Greece (BoG). The negative movement

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  3. Commission slashes 2015 Greek growth forecast to 0.5 pct, sees debt rising
    Photo by MacroPolis

    Economy

    before. The EC growth estimate for 2015 is lower than the latest Finance Ministry forecast of 1.4... anticipated in its winter forecasts. For 2016, investment growth projections have been more than halved..., the EC underscores that weaker-than-expected revenues due to lower growth prospects more than

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  4. General gov't primary surplus halves in Q1, arrears and guarantees jump

    EconomyMacroeconomy

    The general government (gg) primary cash surplus more than halved to 1.19 billion in the first... deterioration with the primary surplus shrinking by 34 percent YoY to 176 million. The gg balance for March... of 17.2 percent on the end-2014 balance. It is also noteworthy that the previously reported figures

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  5. Newsletter 30 - 12/06/2015

    Newsletters

    . Deal hanging in the balance Deteriorating atmosphere has sapped political will on all sides Greece... the possibility of all sides reaching an agreement hanging in the balance. The International Monetary Fund... with its lenders over the last few days have been more like a ride on the ghost train than a roller

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  6. Newsletter 40 - 28/08/2015

    Newsletters

    December, total outflows reached 44.42 billion euros, more than 27 percent of the total deposits balance... it through more than a few months. The key numbers involved in a bail-in Senior debt bondholders... in June. The slowdown reflects the imposition of capital controls as of June 29. The outstanding balance

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  7. Signifcant underspend covers revenue shortfall for budget primary surplus to August

    EconomyMacroeconomy

    (by 250 million) as well as higher Public Investment Budget (PIB) balance (by 1.44 billion) more than offsetting a revenue shortfall of 4.22 billion. Budget deficit also considerably narrowed by 61.2... to 24.72 billion, 2.8 billion better than target. The bulk of this outperformance was mainly created in 3

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  8. Newsletter 85 - 05/08/2016

    Newsletters

    to the overall balance. At the same time, arrears to the private sector increased for the fifth... the beginning of the year, arrears have grown by 1.23 billion, corresponding to a rise of more than 20 percent... SYRIZA is trying to strike this difficult balance, New Democracy has tried to highlight the issue of law

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  9. Newsletter 106 - 10/02/2017

    Newsletters

    Review hanging in the balance Amid confusion, Athens gives away as little as possible about its... the prospects of the second review being completed in the coming days hanging in the balance. Although... some of the measures that the IMF is demanding. risk of committing the coalition to more than

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  10. Newsletter 121 - 02/06/2017

    Newsletters

    contraction has prevailed in the Greek banking market. The loan balance has dropped by more than 25....” The government is pushing for a better deal than the one it was offered last month, particularly... priority than debt relief,” he said. “Former programme countries such as Spain and Ireland

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