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Budget primary balance to Aug beats target by almost 6 bln as VAT, income and property taxes drive revenue outperformance
EconomyMacroeconomyThe budget primary balance for the first eight months of 2022 came to a small surplus of 20 million euros, compared to a deficit of 6.38 billion euros during the same period last year, according to the final Finance Ministry (MoF) budget execution data ...
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PMI records 6 months of improved manufacturing conditions, but outlook less upbeat
EconomyMacroeconomyGreece’s Manufacturing PMI remained in expansion territory in July, rebounding to 53.5 points, from 51.8 points in June, according to S&P Global data released on Tuesday. This was the sixth straight month that the conditions in the Greek manufacturing s...
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Economic sentiment up in Jan, consumer confidence plunges by 6 pts
EconomyMacroeconomyGreece’s economic sentiment (ESI) experienced a solid recovery in January, rising by 1.4 points to 107.2, after an increase of 0.4 points in December, according to European Commission figures released on Tuesday. This is the highest sentiment reading si...
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Greek retail sales dive 8.5 pct in May after brief rise in April
EconomyMacroeconomyafter improving by 15 points in the preceding 4 months. In contrast, the retail trade indicator.... Unlike the official estimate for a slowdown in private consumption to -1.8 percent in 2014 from -6... a rise in private consumption by 0.5 – 1 percent in 2014 for the first time in the past 6 years. Its
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Don't let the facts get in the way of "Argentinology"
Agora. The country was growing between 6 and 10 percent each year with a small blip in 1995 due... protests, Argentina announced on January 6 the abandonment of convertibility. Cut off from international.... The economy plummeted by close to 11 percent in 2002. Unemployment went from 15 to 22.5 percent
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Newsletter 5 - 28/11/2014
markets. Unlike an application for a precautionary credit line (ECCL) or 6- or 12-month extension..., reports indicate that there is an option for an extraordinary Eurogroup on December 15. In any... is that with PASOK polling under 6 percent in most opinion polls, success would be hard to come by if one
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Conditions for Greek ECCL reportedly outlined in German document
EconomyProgrammethat Greece’s funding needs for 2015 range between 6 and 12 billion euros. This means that the 10.9... access is not possible without a safety net. 6) Continued improvement of external balance... adequacy currently exceeds the 15 percent mark. The document also stresses that the final approval
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Newsletter 14 - 06/02/2015
that this will happen gradually and following consultations with employers and unions. 6. Alternate Administrative.... Manufacturing PMI hits 15 month low Greece’s Manufacturing PMI dropped by 1.1 points to 48.3 in January... for the ninth straight month in December, dropping by 6 basis points to 1.82 percent, according to the Bank
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Newsletter 18 - 06/03/2015
billion to the IMF in four tranches, on March 6, 13, 16 and 20. In addition Greece has to pay 1.08 billion... if the institutions approve a rise in the current T-Bill stock limit of 15 billion, Greek banks would not be allowed... was not aware of the agreement that will see the electricity firm’s employees receive an extra 6 euros a day
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Moody's downgrades Greek bond rating, sees chances of accident rising
Economy, concluding the review for downgrade that commenced on February 6. At the same time the outlook... by three notches to ‘CCC’ on March 27 and of S&P by one notch to ‘CCC+/C’ on April 15. Moody’s..., this would correspond to more than 6 billion outflows in the course of April. Moody’s notes that a delayed
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