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Political tremors shake Spain, overshadow economic progress
AgoraIf you had asked any Spaniard in May what might be the hardest thing to change within the country’s... insufficient to signify a solid recovery. In May, the jobless rate dropped 2.3 percent, nearly 112,000... in May. Analysts have agreed that unemployment in Spain is stagnated in what has been called
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Greek PMI falls to 49.4 in June, lowest since November 2013
EconomyMacroeconomyGreece’s Manufacturing PMI fell by 1.6 points to 49.4 in June from 51.0 in May, according to Markit... in incoming new work. The latter had posted a rise in the preceding six months and grew solidly in May... heading south, while post-production inventories dropped at a solid rate, although slower than in May
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Greece ponders how to deal with rising unpaid private debt, which hit 88 pct of GDP
Economytaxes, which reached 66.4 billion at the end of May, and unpaid social security contributions (SSC... stood at 5.2 billion euros in May. This corresponds to an average monthly new tax debt of 1.04 billion... of fines and creditor’s participation in the company’s share capital. In addition, creditors may also
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Greek gg debt down by 1 pp in Q1 2014, still at 174.1 pct of GDP
Economyat 321.66 billion at the end of May. The evolution within 2014 incorporates a net decrease in the long... posted in May. The change in long-term loans stems from the last tranche of 6.3 billion from Greece’s...-term loans, which was zero until March and then reached 4 billion at the end of May, is most likely
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Newsletter 5 - 28/11/2014
of the current bailout programme with the EU, which officially expires at the end of the year, may be needed... is flying the kite that a short extension of the bailout may be needed for technical reasons. programme... Democracy, may not be over. The Socialists are threatened by a split that has been caused
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2014 is not 2012
Agora’ senior bondholders. In May 2011, he sent out a similar letter to Greek Prime Minister George Papandreou... dependency peaked in May 2012, the month of the first round of general elections, reaching 124... naturally reduced their ELA dependency until it was entirely eliminated in May this year. Greek banks have
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To Potami aims for rapid rise to third spot in Greek elections
PoliticsGreek Politicsliberal parties in Greece. It was well received in the May European Parliament elections, receiving... to a broad audience. Drasi gained 1.8 percent in the May 2012 elections and teamed up with another liberal... gained 2.15 percent in the May vote but the two parties together failed to pass the 3 percent
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Eurosystem funding for Greek banks shoots up by 11.2 bln in December
EconomyMacroeconomyLiquidity Assistance (ELA) funding eliminated in May remained at just 1.1 million euros at the end... for the first time in February 2012 and peaked to 124 billion in May 2012. In addition, it remained... ELA funding as of May 2014. Continuing deposit outflows in January coupled with Greek banks’ higher
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Samaras future unclear as New Democracy enters period of introspection
PoliticsGreek Politicselections in May last year. It is unlikely, though, that New Democracy members will find this argument... making any sudden moves, suggesting that the current government may soon a brick wall, which could... aside at a party congress in May and New Democracy officials may feel this strengthens their argument
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The state of play with Greek banks' liquidity
Economyin January and may have reached 10-12 billion euros. If confirmed, this would mark the highest monthly outflows since Greece accession in the eurozone in 2002. The previous peak was in May 2012 when outflows.... Taking into account that pillar II bonds are eligible for ELA funding and Greek banks may also use
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