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General govt primary cash surplus falls to 1.2 bln in Q1, arrears edge down to 5.05 bln
EconomyMacroeconomy) and repos to 13.61 billion (4.2 percent). We point out that the volume of repos in March
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Deposit interest rates broadly stable in March, average loan rate down slightly
EconomyMacroeconomyGreek households’ new time deposit rate edged down 1 basis point (bp) to 0.66 percent in March, Bank of Greece (BoG) figures showed on Monday. The headline figure is a new record low since Greece’s accession to the eurozone in 2002, while remains 24 bps above the euro area average rate of 0.42
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Net job hirings hit high of 92,132 in April, driving 4-month figure to new record
EconomyMacroeconomyfigures for the 4-month period point to net hirings of 125,770, up by around 1,000 from last year’s
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CPI increases by 1.6 pct in April
EconomyMacroeconomypercent in 2016, all current forecasts point to a return in inflation as of 2017. The Finance Ministry
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Court ruling on pension cuts more political problem than legal obstacle for govt
PoliticsGreek Politicsthat it is unlikely to be enough to block legislation but it could be the starting point for further
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Finance Ministry publishes roadmap for relaxation of capital controls
EconomyMacroeconomy, no timetable is specified. The steps of the current phase point to the gradual lifting of restrictions
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The SEKAP case and extrajudicial debt restructuring
Legalas equivalent to a non-repayable grant, constituting incompatible state aid. At this point, it’s worth
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Athens goes over energy plans, eyes enhanced role
PoliticsForeign Policya 2,017-km offshore pipeline. The starting point in Epirus is expected to be connected to other gas
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Another Eurogroup for Greece where all options fell short
Agorathe long-term proved a key point of contention as they determine the level of debt relief Greece
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Q1 GDP provides a positive surprise with 0.4 pct quarterly growth
EconomyMacroeconomy-Term Fiscal Strategy (MTFS) voted in mid-May point to a GDP growth of 1.8 in 2017. The European
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