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Industrial turnover and new orders indices post big drops for December
EconomyMacroeconomyThe Turnover Index in Industry fell 11.8 percent in December, while the New Orders Index in Industry dropped 7.5 percent, according to the Hellenic Statistical Authority (ELSTAT). The negative performance in industrial turnover continued unabated for th...
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Possibility of post-election breakup dogs Greek coalition
PoliticsGreek PoliticsPASOK leader Evangelos Venizelos continues to maintain the stakes for the May 25 European Parliament elections high as he keeps coming back to the possibility that the coalition will not be able to survive the vote. While Venizelos has backed away from ...
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Lower expenditure helps Greece post 707 mln primary budget surplus in first half of 2014
EconomyGreece’s budget execution showed a primary surplus of 707 million euros in the first half of the year from a primary deficit of 1.51 billion in the corresponding period last year, according to the final data released by the Ministry of Finance (MoF). Th...
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Greek stocks post second highest drop on record over political concerns
EconomyThe government’s sudden decision to bring forward the presidential ballot by two months proved a negative surprise for the domestic stock market and investor sentiment was seriously damaged. A sell-off prevailed on Tuesday from the market opening and wa...
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SYRIZA and New Democracy neck-and-neck as post-election scenarios become clearer
PoliticsGreek PoliticsSYRIZA is expected to step up its campaign after a new round of polls showed it having a minimal lead over New Democracy, with one even giving the conservatives the narrowest of leads. Three surveys were published on Wednesday. Two – one by Alco, anothe...
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July trade deficit lands at 715 mln as imports post biggest drop on record
EconomyMacroeconomyGreece’s trade deficit plummeted by 63.1 percent in July from a drop of 14.1 percent in June, according to the Hellenic Statistical Authority (ELSTAT). The nosedive is primarily attributed to the imposition of capital controls (as of June 29) with impor...
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Greek stocks climb 3 pct on week, banks post double-digit gains
EconomyThe Greek stock market traded in positive territory climbing by 3 percent this week following modest gains of 0.7 percent in the previous week. The improving performance was accompanied by a notable recovery in the trading activity. The market rebound w...
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Greek stocks drop 1.5 pct during week, banks post losses of 7.7 pct
EconomyThe Greek equity market edged down 1.5 percent this week, amid lack of investor interest, after a brief rebound of 2.6 percent last week. Following the voting of the multi-bill on Tuesday, the government pledged at Thursday’s Eurogroup Working Group to ...
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IMF - Ex-Post Evaluation of Exceptional Access under the 2012 Extended Arrangement
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With review set to resume, Tsipras looks for post-deal strategy
PoliticsGreek PoliticsFollowing the Easter break, the Greek government’s attention will be on two main issues: Completing the review so a “global deal” can be concluded before the end of May and trying to shift the focus domestically away from the new measures and onto more ...
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