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  1. EC sees big drop for economy in 2020, expects milder recovery of 3.5 pct in 2021

    EconomyMacroeconomy

    outlook on the performance of EU economies, which suggest Greece suffering a deeper recession last year... of last year, which happened just after the autumn forecast were published and as such not included... to run into the new year. Following a very brief reopening over the last few weeks, the government

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  2. Eurobank posts loss of 1.21 bln euros in 2020 as it sheds off bad loans
    Photo by MacroPolis

    EconomyBanking

    Eurobank posted its biggest loss since 2014 last year as the price of a restructuring that will bring down its bad loans ratio to a level approaching the European average. The full-year loss for 2020... million euros from continuing operations last year, compared with 257 million euros in 2019

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  3. Stability Programme reflects subdued expectations for 2021, high hopes for 2022 onwards
    Photo by TP via Flickr https://flic.kr/p/5WRaRc

    EconomyMacroeconomy

    to reach 3.6 pct this year. The RRF is seen having a bigger impact in 2022, when the economy... to the need to provide significant support to the economy this year, which in fiscal terms is even higher than the measures adopted in 2020. The fiscal cost of the measures this year will be 8.3 pct of GDP

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  4. Primary cash balance deficit at 6.14 bln in April
    Photo by MacroPolis

    EconomyMacroeconomy

    in the first four months of the year, according to figures released by the Bank of Greece. The cash balance for the same period last year, excluding bond issuance and the financing of the cash buffer, came..., compared with a deficit of 6.01 billion euros last year. The breakdown showed that revenue rose

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  5. Newsletter 304 - 09/07/2021

    Newsletters

    of the situation has fallen significantly since last year, conservative officials will know that the longer... expects this year’s takings to reach 30 to 35 pct of 2019, which is slightly higher than last year... taking into account adverse scenarios for this year. Naftemporiki reported that the ministry

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  6. General govt balance deteriorates due to deficits of state and social security funds
    Photo by MacroPolis

    EconomyMacroeconomy

    of the year, compared with a deficit of 5.96 billion euros in the same period of 2020, according... budget deficit up to July was 9.09 billion euros, compared to 7.3 billion euros last year. Extrabudgetary central government balance had a surplus of 844 million, from 1.68 billion euros last year

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  7. Current account turns surplus in July as travel steps up
    Photo by Pavlos Svoronos/Fosphotos

    EconomyMacroeconomy

    billion euros, compared to a deficit of 1.6 billion euros in the same month last year. Total imports came to 5.7 billion euros, from 4.25 billion last year. At the same time, total exports came to 3.47... euros, rising by more than three times last year’s figure of 610.2 million euros. However, it is well

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  8. Current account surplus at 1.41 bln in Aug on back of improving travel receipts
    Photo by MacroPolis

    EconomyMacroeconomy

    billion euros, compared to a deficit of 1.63 billion euros in the same month last year. Total imports came to 5.14 billion euros, from 3.65 billion last year. At the same time, total exports came to 2.75... euros, rising by more than twice from last year’s figure of 1.32 billion euros. However, it is well

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  9. Newsletter 313 - 22/10/2021

    Newsletters

    -to-GDP ratio moved up to over 206 pct of GDP last year. The latest data does not include the guarantees... euros at the end of 2019 to 350 billion by the end of this year, just when the discussion about... fiscal adjustment in the new year. It will also have to agree with the institutions the long-term

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  10. Current account deficit widens to 780.8 mln in Oct, led by deterioration in goods balance
    Photo by Angelos Christofilopoulos/Fosphotos

    EconomyMacroeconomy

    to 2.3 billion euros, compared to a deficit of 1.44 billion euros in the same month last year. Total imports came to 5.94 billion euros, from 3.95 billion last year. At the same time, total exports came... billion euros, nearly tripling from last year’s figure of 489.6 million euros. It is also broadly

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