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Greece and troika agree 2013 primary surplus will be just 500 mln - here's why
EconomyProgrammeback the paymnents of tax refunds, underspending by 644 million euros in this area. The troika.... In previous years, military procurments have been an area of discretionary spending, where the Finance.... Another area where there is significant underspending is in social protection, primarily with regard
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The complexities of regaining market access: Could Greece learn from Portugal?
Agora. Greece was the first euro area member to be priced out of sovereign debt markets almost four years ago... is by no means assured during the course of 2014. Portugal is currently the only euro area member... revenue streams from privatisation projects illustrate, underperformance in this area has necessitated
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Greek time deposit rate down to 1.88 pct in November, lowest since euro entry
EconomyMacroeconomyaccessed the euro area in 2002. The year-to-date (YtD) drop in the time deposit rate reached 94 bps... in excess of the euro area average of 1.05 percent and more than 60 bps higher than the respective... higher than the average euro area rate. In the corporate sector for loans related to lower amounts
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Newsletter 36 - 24/07/2015
shaken in spring 2010, everyone in the euro area would have felt the effects of a financial disaster... in 2010, which saw each country in the euro area as an island battling against the irresponsibility... economics and sensible politics can cohabit within the euro area. Failing to bring this two elements
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Outflows ease to 1.5 bln in July but deposits reach lowest level since May 2003
EconomyMacroeconomygeneral government as well as euro and non-euro area residents – fell by a slightly lower amount (1.35... since November 2003. The negative flow of total deposits reflects private sector and other euro area residents’ outflows of 1.51 billion and 241 million respectively partially offset by non-euro area
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Receipts from taxes and social contributions rise to 39 pct in 2014, near EU average
Economyimprovement, they remain slightly below the euro area and the EU average of 41.5 and 40 percent respectively... percent of total in Greece compared to 30 percent for the euro area and 32.1 percent for the EU. Net... of GDP slightly lower than the euro area average of 6.3 percent.
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Deposit outflows for second straight month in February, at 548 mln
EconomyMacroeconomyarea residents – displayed outflows of 469 million euros in February, from 1.67 billion in January... sector, the total deposit flow in February incorporates non-euro area residents and gg inflows of 179 and 35 million partly offset by other euro area residents outflows of 145 million. General
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Bailout talks resume with key issues pending and contingency measures emerging
EconomyProgrammereleased on Sunday evening, the Greek government says the main area of agreement is that all sides would... of disagreement A key area of disagreement between Greece and its lenders relates to the tax-free... percent of the households. In Portugal it's 2 percent. In Ireland it's 5 percent. The euro area average
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Deposits grow by 1.3 bln in August, highest inflow in 2016
EconomyMacroeconomyand non-euro area residents – posted lower inflows of 997 million in August. On top of private sector... and small inflows of 174 million from other euro area residents and 74 million from non-euro area
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Kotzias visit to Washington still leaves some doubts about US stance
PoliticsForeign Policyhis talks with the new US administration, Kotzias tried to emphasise Greece's role in a volatile area... and the US role in the wider area. According to diplomatic sources, during talks with his US counterpart... to highlight to his opposite number Greece's geographical position and role in the area. Kotzias
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