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  1. Greek unemployment rate hovers at 27 pct in June
    Photo by MacroPolis

    EconomyMacroeconomy

    since October 2013. Unemployment among females remains more than 7 percentage points (pp) higher than... figure is the lowest since 2011, while has more than doubled over the 24.4 percent posted in June

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  2. Greek primary budget surplus eases to 1.95 bln on back of lower revenues in Aug
    Photo by MacroPolis

    Economy

    surplus remains above target by 989 million euros, while the budget deficit is 1.27 billion better than... than target). Revenues and the Public Investment Budget (PIB) balance fell short of their targets.... In particular, PIB revenues dropped 15.9 percent to 3.35 billion euros, 65 million lower than target

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  3. S&P upgrades Greece one notch to B, sees growth in 2015

    Economy

    ’ on August 2 and of Fitch by one notch to ‘B’ on May 23. Moody’s rating stands two notches lower than... 20 percent lower than in 2007. The rating agency highlights that a drop in the unit labor cost... of 2 percent of GDP in the next three years, which is less than half the 4.5 percent target

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  4. Tsipras starts to flesh out SYRIZA's economic policy but questions remain

    PoliticsGreek Politics

    retirement payment for 1.26 million pensioners that receive less than 700 euros per month and reducing... should not make up more than a third of customers’ income. Tsipras pledged to scrap the contentious... these as untapped sources of revenues. Having given a more detailed idea than ever before in the last two

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  5. Finance Ministry challenges SYRIZA's plans for economy, ups cost
    Photo by MacroPolis

    Economy

    , more than double the 11.38 billion projected by SYRIZA. The deviation of almost 16 billion euros.... The document notes that the key problem for Greece’s economy lies with the supply rather than the demand side. “If the country’s production capacity is not improved, than the increase in demand would

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  6. Seasonal jobs bring down Q2 unemployment to 26.6 pct but long-term jobless rising
    Photo by MacroPolis

    EconomyMacroeconomy

    percent, down by 0.8 pp YoY. Although the number of ‘long-term’ (more than 1 year) unemployed slipped... and more than 9 pp YoY. Part time employment amounts to 9.4 percent of total employed with almost... above the country average, at 27.4 percent in Q2. The breakdown of employment indicated that more than

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  7. Run this way: The recurring pattern of Greek leaders
    Photo by Can Esenbel [http://www.mundanepleasure.com/]

    Agora

    attends plenary sessions) rather than have coffee with them. Are Parliament and the country's banks... Tsipras of hiding more than half of the 27 billion euros it would cost to implement the measures he... everyone talking about how he could implement such an economic plan rather than if he will get

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  8. Greek primary budget surplus to August narrows to 1.95 bln on lower revenues

    Economy

    . The 8-month budget deficit stood at 2.85 billion, more than 1 billion higher compared to that posted... billion better than its target. The year to date outperformance is entirely due to lower expenditure (1.74 billion euros better than target), while revenues and the Public Investment Budget (PIB

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  9. Greek debt: A case of learned helplessness?
    Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]

    Agora

    June stood at 322.4 billion euros - almost 23 billion euros higher than in 2009 – or over 170... debt than when this miserable experience started. The Bank of Greece estimates that the true reduction... to generate an annual primary surplus of 8 billion euros to cover debt repayments for more than a decade

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  10. Greek PMI drops into contraction territory in September, falling to 48.4 points

    EconomyMacroeconomy

    . In addition, a marked drop in post-production inventories was also evident in September, albeit slower than... than those in August. This is the first such movement over the past 2.5 years. In addition, a slower... modest overall, was the least posted in more than 3 years “The headline PMI in September posted its

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