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Newsletter 75 - 27/05/2016
to 321.01 billion euros in the first quarter (Q1) of 2016 from 321.33 billion in Q4 2015. The drop is due... government debt. The bulk of FSM loans involves the EU financial aid of 205.2 billion. The drop is due
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Economic sentiment slips to 89.7 in May, consumer confidence rebounds to -71.9
EconomyMacroeconomyin the past four months by 1.8 points to -71.9 in May. The rise in May offset a similar drop recorded..., which was the highest reading since November 2014. Following a sharp drop by 10 points in April
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Corporate lending rates resume upward trend in April, time deposit rate stable
EconomyMacroeconomywith a cumulative drop of 94 bps since then largely due to lack of competitions. Following also... and the slight drop in the deposit rate, led to an increase in the average spread of the Greek banking
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Trade deficit soars 21 pct in April for highest rise since Dec 2014
EconomyMacroeconomyGreece’s trade deficit sharply rose by 21 percent in April after a 23.7 percent drop in March, Hellenic Statistical Authority (ELSTAT) figures showed on Tuesday. The change in April is the highest... percent to 6.52 billion euros. This mainly stems from a higher drop in exports, by 7.5 percent to 7.83
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Turnover in tourism sector drops at an accelerating pace of 11.7 pct in Q1
EconomyMacroeconomyThe Turnover Index in Accommodation and Food Services fell for the second straight quarter by 11.7 percent in Q1 of 2016 after an upward revised 9.1 percent drop in Q4 2015, Hellenic Statistical... that travel receipts remained almost stable (-0.1 percent) at 515.4 million reflecting a drop in non
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Unemployment rate eases to 24.1 pct in March, lowest in four years
EconomyMacroeconomyfell by a much slower pace of 0.6 pp to 28.8 percent. The breakdown by age showed a drop... percent. The latest European Commission estimates point to a slight drop in the unemployment rate to 24.7
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Eurosystem funding drops by another 3.9 bln in May, ELA down 2.1 bln
EconomyMacroeconomyGreek banks’ Eurosystem funding fell again in May for the 11th successive month, declining by 3.86 billion euros after a 1.88 billion drop in April, Bank of Greece's (BoG) monthly financial statement... reading since January 2015. The recorded drop in Central Bank funding in May almost equally reflects
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Turnover in services sector deteriorates in Q1
EconomyMacroeconomyout of the 14 services activities recorded a drop in Q1 with the most remarkable decreases... displayed a sharp drop quarter on quarter (QoQ) with the most notable nosedives in architectural
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Unemployment up for second straight quarter to 24.9 pct in Q1
EconomyMacroeconomythat the jobless rate fell 1.7 percentage points (pp) over the Q1 2015 rate of 26.6 percent. The drop... pace of 2.3 percentage points (pp) to 21.2 percent compared to a drop of 1.1 pp to 29.5 percent
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Current account deficit narrows to 822 mln in April
EconomyMacroeconomylargely stems from a drop in the goods’ deficit by 276 million coupled with an increase in the primary... change. Similarly to the April performance, the drop in the services’ surplus is mostly due
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