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  1. October revenues reverse earlier shortfall, annual primary surplus in sight

    Economy

    , mainly owed to higher revenues more than offsetting a hike in interest payments and Public Investment... payments by 50.1 percent compared to last year (mainly reflecting last year’s PSI), resulted

    1%

  2. C/A surplus for fifth straight month in Sept, up to 2.55 billion euros for year

    EconomyMacroeconomy

    rise year on year (yoy) mainly reflects an increase in the services surplus by 338 million, more... revenues; c) an improvement in the current transfers surplus by 134 percent to 3.66 billion, mainly

    1%

  3. Trade deficit soared 27.4 pct in Sept, down 13.6 pct for year

    EconomyMacroeconomy

    to 2.39 billion. The import bill mainly incorporates a large movement in oil products... in the current transfers surplus mainly owed to the SMP income as well as higher general government net

    1%

  4. Greek GDP shrinks 3 pct in Q3, on course to contract by 4 pct in 2013
    Photo by Harry van Versendaal

    EconomyMacroeconomy

    percent in the second quarter, mainly reflecting the strong tourism season as well as shipping leading... austerity measures has led Q3 GDP to contract 21.3 percent compared to Q3 2007, mainly due to a slump

    1%

  5. October C/A deficit drops to 351 mln, down 39.1 pct over year

    EconomyMacroeconomy

    ) drop mainly reflects an increase in the services surplus by 167 million euros, owing to higher net...) an improvement in the current transfers surplus by 149 percent to 3.65 billion euros, mainly owed to higher

    1%

  6. Europe missed an opportunity on banking union
    Illustration by Manos Symeonakis [http://www.cartoonmovement.com/p/6035]

    Agora

    recovery. European businesses, in contrast to those in the USA which mainly draw funds from the bond..., there will be no new lending or investment and unemployment will continue to leave a scar, mainly

    1%

  7. Deposits edged up in Nov but credit contraction was close to 4 pct

    EconomyMacroeconomy

    negative at 116 million, mainly on savings outflows of 969 million counterbalancing time inflows of 800... sharp drop mainly reflects higher interbank lending and lower funding needs on continued deleveraging

    1%

  8. Another dive for compensation in Q3 drags disposable income, consumption down
    Photo by Harry van Versendaal

    EconomyMacroeconomy

    of -8.8 percent. The ongoing downward trend mainly reflects a decrease in the compensation... 2009. Despite a targeted hike in property taxes this year, mainly related to the payment of past

    1%

  9. Deposits up again in December but credit contraction continues apace

    EconomyMacroeconomy

    in December is mainly attributed to seasonal reasons and was also evident in the last month of each... – slightly eased by 321 million mom to 190.46 billion in December. The recorded negative flow is mainly

    1%

  10. Greece sees Manufacturing PMI move into growth for first time since August 2009

    EconomyMacroeconomy

    . In contrast, the average purchase prices rose for the eighth time in the past nine months, mainly... during January. Stocks of purchases fell sharply again in January mainly reflecting the divergence

    1%