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European Commission review of Greek programme: The key points
EconomyProgrammeconditions and a strong fiscal performance in 2013. For 2015 onwards, the EC notes it is essential... to 125 percent in 2020 and 112 percent in 2022, which is slightly worse than the agreed targets of 124 percent in 2020 and less than 110 percent in 2022. The deterioration reflects lower forecasts
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Greek primary surplus at 1.5 bln in Q1, aided by PIB and social underspend
Economybillion, 823 million better than target. The exceptionally strong PIB revenues of 1.56 billion... of 2014, three times higher than the 520 million posted in the corresponding period last year, according... in the first quarter of 2014 outperformed its target by 641 million mainly due to the exceptionally strong
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Greek elections as seen (or imagined) from Berlin
AgoraThe following is a thought experiment, which claims no more authenticity than being an exercise... percent (more than 55 percent for those aged between 18 and 25) many analysts in the Chancellery... to clarify to the Chancellery’s hierarchy the continuing strong election performance of the Neo-Nazi party
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Greek primary budget surplus at 707 mln as revenues beat target in May
Economy(by 642 million) and higher revenues (by 142 million from shortfall of 620 million to April) more than... by 3.9 percent to 18.57 billion. More importantly, the strong revenue performance in May eliminated... to targets lower than the 40-million euro mark. The revenue breakdown showed direct taxes increasing
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State budget primary surplus widens to 2.28 bln at end of July after rise in revenues
EconomyMacroeconomyof 4.71 billion recorded in January. The strong rebound is attributed to the payment of the first..., reflecting the strong revenue rebound in July. It is also noteworthy that the 7-month target included... in the 7-month period to 4.02 billion euros, which is 144 million lower than target. Following a stronger
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Greeks most sceptical of EU and US policy towards Russia, poll indicates
Societyopinion of Russia and its role in international affairs than other Europeans who were polled... percent) of citizens described strong Russian leadership as desirable. “Greeks were also the only... with Russia independently, rather than together with the other member states of the EU. “Greece
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Travel receipts up again in September, reaching 2.3 bln
EconomyMacroeconomypercent to 182 million. As a result, the travel surplus grew to 2.1 billion euros, at a higher-than..., the 9-month travel balance recorded an improvement in its surplus by 11.3 percent or more than 1.... However, the strong rebound in volumes was mitigated by an 8.8 percent drop in the travel spending
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What are Greek coalition's plans for privatisation programme?
Economyinvestment projects of the previous years. The project faced strong opposition from the local... have repeatedly expressed in the recent past their strong objection to any privatization related... by the Technical Chamber of Greece, showing that its value was worth 3 billion euros, more than 3 times
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Greek stocks and bond yields recover on hopes of deal with eurozone
EconomyThe Athens Stock Exchange soared 8 percent on Tuesday, more than offsetting the significant losses of 4.8 percent recorded on Monday. The strong rebound was fuelled by the 4-pillar proposal... and Public Power Corporation (PPC) also recorded strong gains, up 11.6 and 8.9 percent respectively
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Relief at Greek extension approval evident in Athens bourse, bond yields
Economyat 937.96. Following Tuesday’s strong performance, Greek shares now record gains of 11.6 percent in the post... session and reached 253 million, suggesting that the strong market rebound was also supported... maturities. The 3-year GGB yield fell by more than 4 percentage points (pp) to 12.6 percent from its
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