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Current account deficit narrows further in May, down by over 3 bln in first five months
EconomyMacroeconomyGreece’s current deficit narrowed to 1.65 billion euros in May, from 1.78 billion euros in April, Bank of Greece (BoG) data showed on Friday. In May 2022, the balance showed a deficit of 2.08 billion euros, while in May 2021 the current account posted a deficit of 1.39 billion euros. The deficit
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As imports rise, Greek C/A balance flips back to deficit in May
EconomyMacroeconomyGreece's May current account (C/A) balance showed a deficit of 246.2 million from a surplus of 69.6... and ships, the trade balance in May did not show any meaningful change, while exports grew faster than... percent). Despite the weak performance posted in May, the 5-month C/A deficit shrank by 25 percent
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Economic sentiment, consumer confidence down for third straight month in May
EconomyMacroeconomyGreece’s economic sentiment (ESI) continued heading south for the third successive month in May, when it fell by 1.3 points to 91.4 in May from 92.7 in April, according to the European Commission. The May figure is the lowest reading since December 2013. Since the beginning of 2015, ESI has dropped
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Eurosystem funding drops by 399 mln in May, ELA collateral falls to zero
EconomyMacroeconomyGreek banks’ Eurosystem funding fell by 399 million euros month-on-month (MoM) in May, the monthly... the year so far. The movements in May largely reflect a fall of 397 million euros in European Central Bank... funding in May came to 8.07 billion euros as mentioned, along with ELA funding totalling just 1
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Newsletter 170 -13/07/2018
elections, which the government may be lining up for May 2019. The chances of general elections being... in May. This would mean the first round of the municipal and regional vote coinciding with the European Parliament ballot, which is due to take place on Sunday, May 26. A second round of local voting
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Unemployment drops to 15.9 pct in May, inactive figure also eases to 3.23 mln
EconomyMacroeconomyGreece’s seasonally adjusted (SA) unemployment rate dropped to 15.9 percent in May, from a revised... on Tuesday. The unemployment rate in May last year was 16.8 percent. This May, employment increased... by roughly 140,000 people. Total employment in May was close to 3.9 million people. ELSTAT explains
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Record travel receipts and narrower trade deficit reflected in current account up to May
EconomyMacroeconomyGreece’s current account deficit narrowed in May to 960.2 million euros, from 1.39 billion euros in the previous month, Bank of Greece (BoG) data released on Tuesday showed. In May 2025, the balance... came to 2.11 billion euros in May, from 2.36 billion euros in the same month last year. Total imports
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Athens treads cautiously as Ankara keeps prodding in Aegean
PoliticsForeign PolicyUnion and the United States across several conflict zones, particularly Libya, the Eastern Mediterranean and Nagorno-Karabakh. Additionally, Ankara may have calculated that there would be little cost... the result may lead Erdogan to a more unproductive stance,” government sources claim. The concern among
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Newsletter 505 - 22/05/2026
understand Greek concerns about Turkey’s revisionist rhetoric, instability in Libya and migration flows... as a potential inflection point. May launch While ND was managing internal turbulence and projecting... spectrum. He announced May 26 as the launch date for his new party. The event in central Athens
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Deposits rise for third straight month in May, reaching 162.1 bln
EconomyMacroeconomyGreek private sector deposits rose 0.4 percent month on month (MoM) in May, with balances reaching... for the third straight month with inflows slightly increasing to 548 million euros in May from revised 411 million in April. May’s flow is fully attributed to time inflows of 749 million, while sight
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